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AirAsia Berhad General Announcement

Direct News Source

15-Jan-2010 Reference No CMC-100113-4D9E3

ANNOUNCEMENT ON PERCENTAGE OF FOREIGN SHAREHOLDING IN AIRASIA BERHAD AS AT 31 DECEMBER 2009

AirAsia Berhad ("AirAsia") wishes to announce for public information that as at 31 December 2009, 50.36% of the issued and paid-up share capital of AirAsia of 2,757,744,580 ordinary shares of RM0.10 each were held by foreigners (the foreign shareholding as at 30 June, 2009 was 37.98%).

The percentage of ownership of shares in the Company by foreigners has exceeded the limit of 45% of the Company's total issued and paid-up share capital ("Prescribed Limit").

Pursuant to the Securities Industry (Central Depositories) (Foreign Ownership) Regulations 1996, shares held by foreigners which are within the Prescribed Limit shall be entitled to all rights and entitlements attached to the shares. However, shares held by foreigners which have exceeded the Prescribed Limit shall also be entitled to all such rights and entitlements except for the exercise of voting rights in respect thereof.