fastjet: Proposed Placing and Open Offer

21-Jul-2016 fastjet, the low-cost African airline, is pleased to announce a proposed capital raising to raise gross proceeds of £15 million through the issue of new ordinary shares by way of a placing (the "Placing") and additional gross proceeds of up to approximately £4.2 million (being the €5 million maximum amount permitted not requiring the publication by the Company of a prospectus under the Prospectus Rules) through the issue of up to 8,302,762 new ordinary shares by way of an open offer (the "Open Offer") (together the "Capital Raising"), all at 50 pence per new ordinary share (the "Issue Price").