AIRASIA X BERHAD OFFERS INNOVATIVE INAUGURAL BENEFITS FOR ELIGIBLE SHARE APPLICANTS

KUALA LUMPUR, 13 JUNE 2013 – AIRASIA X BERHAD (“AirAsia X” or the “Company”), Malaysia’s leading⁽¹⁾ low-cost, long-haul air carrier, in connection with its initial public offering of up to 790,123,500 ordinary shares (“IPO Shares”) and listing of on the Main Market of Bursa Malaysia Securities Berhad, is offering 252,111,700 million shares via its retail offering at the initial Retail Price of RM1.45 each, which comprises of:

i)              52,111,700 issue shares made available to eligible persons;

ii)             50,000,000 issue shares made available to eligible passengers (being paying passengers who have flown with AirAsia X over the past 24 months prior to 10 June 2013, who are members of the BIG Loyalty Programme and who are Malaysian public); and

iii)            150,000,000 issue shares to the Malaysian public.

Retail Investors under ii) and iii) above, which are subject to balloting, are entitled to the Inaugural Benefit scheme, subject to certain terms and conditions.

The entitlements under this Inaugural Benefit are segregated into two categories. Category A is for Retail Investors who successfully subscribe for or acquire 10,000 IPO Shares up to 99,999 IPO Shares at Listing and who continue to hold a minimum of 10,000 IPO Shares for the duration of any of the periods of time mentioned in Annexure C of our Prospectus dated 10 June 2013 (“Prospectus”), under the Terms and Conditions of the Inaugural Benefit. Category B is for Retail Investors who successfully subscribe for or acquire 100,000 IPO Shares or more at Listing and who continue to hold a minimum of 100,000 IPO Shares for any of the periods mentioned in Annexure C of our Prospectus.

Under Category A, Retail Investors will be entitled to receive and use one (1) zero fare return air ticket to any destination flown by AirAsia X originating from Malaysia during each of the redemption periods. For Category B, Retail Investors will be entitled to receive and use three (3) zero fare return air tickets.

The return tickets exclude fuel surcharges, airport taxes, applicable processing fees and ancillary products which shareholders have to bear. Entitlement and use of the return tickets are subject to other terms and conditions set out in our Prospectus including seat availability which is dependent on flight demand and black-out periods set out in Annexure C of our Prospectus. For more information in relation to the Inaugural Benefit, you are advised to read and understand the contents of our Prospectus, copies which can be obtained from us, participating organisations of Bursa Securities, members of the Association of Banks in Malaysia, members of the Malaysian Investment Banking Association and Malaysian Issuing House Sdn Bhd.

Chief Executive Officer of AirAsia X, Azran Osman-Rani said, “This is an exciting milestone for us, and we wish to share this with our loyal passengers. We want to give them the opportunity to be part of something bigger, and that is to be part of our family; AirAsia X. As we open up our new chapter upon listing, our Inaugural Benefit is a token of our appreciation for their long-term support. This is the start of something newwith the Inaugural Benefit for our loyal shareholders, who hopefully will remain with us for long term and embark with us on an X-citing journeyas we spread our wings further upon listing.”

Incorporated in 2006, AirAsia X commenced low-cost, long-haul air transportation services in November 2007. AirAsia X’s inaugural route was from itshub in Kuala Lumpur to the Gold Coast in Australia.The airline now serves 14 destinations across Asia, Australia, and the Middle East with flights to an additional destination, namely Busan, commencing in July 2013. AirAsia X currently operates a fleet of ten A330-300s for scheduled services, and have also accepted delivery of an additional A330-300, scheduled to commence operation in July 2013,representing the largest LCC wide-body aircraft seat capacity in the Asia Pacific region⁽²⁾.

NOT FOR DISTRIBUTION IN OR INTO THE UNITED STATES, CANADA OR JAPAN.