AirAsia is pleased to announce that it has on 8 May 2013 incorporated a subsidiary company known as AirAsia Global Shared Services Sdn. Bhd. (Company No.: 1045172-A) ("AGSS") (the “Formation”), a private limited company with its registered office situated at B-13-15, Level 13, Menara Prima Tower B, Jalan PJU 1/39, Dataran Prima, 47301 Petaling Jaya, Selangor Darul Ehsan. The objective of establishing AGSS is to provide shared business, support and outsourcing services, develop or use multimedia technologies in producing or enhancing their products and services, and for process development and provision of training.

Information of AGSS

The authorised share capital of AGSS is RM100,000.00 divided into 100,000 ordinary shares of RM1.00 each. The issued and paid-up capital of AGSS is Ringgit Malaysia Two (RM2.00) only comprising two (2) ordinary shares of RM1.00 each.

For the purpose of incorporation, AirAsia subscribed to one (1) ordinary share of RM1.00 and Cik Aireen Omar subscribed to one (1) ordinary share of RM1.00. Cik Aireen Omar will be transferring one (1) ordinary share of RM1.00 held by her to AirAsia, thus making AGSS a wholly-owned subsidiary of AirAsia.

The Directors of AGSS presently are Cik Aireen Omar, Mr. Andrew Robert Littledale and Ms. Chan Suit Fong.

The Formation is not expected to have any effect on the issued and paid-up share capital or substantial shareholders’ shareholdings of AirAsia and is not expected to have any material effect on the net assets, gearing and earnings of the AirAsia group for the financial year ending 31 December 2013.

The Formation is not subject to the approval of the shareholders of the Company and/or any other relevant government authorities in Malaysia.

To the best of the knowledge of the Company, none of the Directors and/or major shareholders of the Company and/or persons connected to them has any interest, directly or indirectly to the Formation.

This announcement is dated 8th day of May 2013.