As announced on 4 September 2014, PT. Indonesia Airasia Extra joint venture ("IAAX") has officially received the approval from the Directorate General of Civil Aviation, Ministry Transportation of Republic of Indonesia (“DGCA”), for the Air Operator’s Certificate (“AOC”). IAAX is expected commence its first flight to Melbourne on 26th December 2014.

Except for those disclosed on the above, there is no corporate proposal which is announced but not completed as at 12 November 2014, being the latest practicable date of this report.

This announcement is dated 19 November 2014.