Pursuant to Paragraph 10.08(1) of the Main Market Listing Requirements (“MMLR”) of Bursa Malaysia Securities Berhad (“Bursa Securities”), AirAsia Berhad (“AAB” or the “Company”) is pleased to announce that it has today entered into a Wet Lease Agreement (“Agreement”) with PT Indonesia AirAsia Extra (Registration No.: 09.03.1.51.89121) (“IAAX”) for the lease of one (1) A330 widebody aircraft bearing the registration number PK-XRC (MSN 654) (“Aircraft”) commencing from 19 April 2017 till 18 May 2017 (“Lease Period”) for the contract value of USD826,077 (“Transaction”). The Transaction is entered into due to operational requirements.

Please refer to the attachment for further details.

This announcement is dated 6 April 2017.