AirAsia Berhad (“AirAsia” or “the Company”) is pleased to announce that it has today entered into an Ancillary Income Sharing Agreement (“the Agreement”) with AirAsia X Sdn Bhd (“AAX”) for the distribution of profits arising from the following ancillary income streams: 
(a) E Gift Vouchers;
(b) Travel 3Sixty Magazine;
(c) Co-Brand Credit Cards; and
(d) Profits from the Joint Venture between AirAsia and Expedia, Inc. (“AirAsia-Expedia JV”) where inventory is provided by AAX.

Kindly refer to the attachment for further details.

This announcement is dated 6th July 2011.