(For consistency, the abbreviations used throughout this announcement shall have the same meanings as defined in the circular to Shareholders dated 10 May 2021, where applicable, unless stated otherwise or defined herein.)

Reference is made to the earlier announcements in relation to the Remaining Corporate Exercises as well as the circular to Shareholders dated 10 May 2021.

On behalf of the Board, Mercury Securities wishes to announce that the Company had on 4 April 2022, executed the SPV Share Subscription Agreement with Garynma Investments Pte Ltd in relation to the Proposed Share Subscription for an amount of up to RM50.00 million as well as the granting of the Subscription Option to Garynma Investments Pte Ltd.

This announcement is dated 4 April 2022.

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AirAsia X Bhd published this content on 04 April 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 05 April 2022 00:57:07 UTC.