Subject

CIRCULAR TO SHAREHOLDERS IN RELATION TO THE

PART A

PROPOSED PRIVATE PLACEMENT OF NEW ORDINARY SHARES OF RM0.10 EACH IN AIRASIA, REPRESENTING UP TO 20% OF THE ISSUED AND PAID-UP SHARE CAPITAL OF AIRASIA ("PLACEMENT SHARES"), TO BE ISSUED PURSUANT TO THE FOLLOWING:

(I) THE SUBSISTING AUTHORITY GRANTED BY SHAREHOLDERS UNDER SECTION 132D OF THE COMPANIES ACT, 1965 (EXCLUDING THE PROVISION FOR ORDINARY SHARES WHICH WILL ARISE FROM THE EXERCISE OF THE EXISTING OPTIONS (AS DEFINED HEREIN)) FOR PART OF THE PLACEMENT SHARES; AND

(II) A SPECIFIC APPROVAL TO BE OBTAINED FROM SHAREHOLDERS AT THE FORTHCOMING EGM FOR THE REMAINDER OF THE PLACEMENT SHARES

PART B

PROPOSED AMENDMENTS TO THE MEMORANDUM OF ASSOCIATION OF AIRASIA

Announcement Info