Fuel hedge update

Geneva, 17 September 2019: Given the significant increase in the fuel prices in recent days Wizz Air Holdings Plc ("Wizz Air"), the largest low-cost airline in Central and Eastern Europe, today provides the following update on its fuel hedging positions.

Wizz Air operates under a clear set of treasury policies approved by the Board and supervised by the Audit Committee. The aim of the hedging policy is to reduce short-term volatility in earnings and liquidity. The Company has taken advantage of lower fuel prices over the summer period and increased its hedge position beyond its policy minimum levels of 50 per cent. of the projected jet fuel requirements for the next twelve months and 40 per cent. on an 18-month hedge horizon.

Details of the current hedging positions (as of 17 September 2019) are set out below: