CHC Group LLC announced the extension of the expiration time for its previously announced exchange offer to all Eligible Holders, to exchange any and all of the Company's 5% Senior Notes due 2024, co-issued by the Company and CHC Finance Ltd. (the "Existing Notes"), from 11:59 p.m., New York City time, on October 15, 2021 to 11:59 p.m., New York City time, on November 5, 2021. The Company also announced the extension of the withdrawal deadline for the Exchange Offer from 11:59 p.m., New York City time, on October 15, 2021 to 11:59 p.m., New York City time, on November 5, 2021, unless further extended. All other terms, provisions and conditions of the Exchange Offer will remain in full force and effect. Such terms, provisions and conditions are set forth in the Company's confidential Exchange Offering Memorandum, dated September 2, 2021 (as amended from time to time and as amended hereby, the "Exchange Offering Memorandum"). Except as described in this press release, all other terms of the Exchange Offer remain unchanged and holders who have previously validly tendered their Existing Notes and who do not wish to withdraw such validly tendered Existing Notes do not need to take any further action. Upon settlement, each holder who validly tendered their Existing Notes prior to the Expiration Time will receive, if such Existing Notes are accepted for purchase pursuant to the Offer, consideration consisting of (i) $650.00 in principal amount of First Lien Non-Revolving Loans (as defined in the Exchange Offering Memorandum) for each $1,000.00 principal amount of Existing Notes validly tendered and not validly withdrawn, (ii) $200.00 in principal amount of New Secured Term Loans (as defined in the Exchange Offering Memorandum) for each $1,000.00principal amount of Existing Notes validly tendered and not validly withdrawn and (iii) each holder's pro rata share of the Exchange Warrants (as defined in the Exchange Offering Memorandum, such Exchange Warrants, together with the First Lien Non-Revolving Loans and the New Secured Term Loans, the "Exchange Consideration"), on the terms set forth in the Exchange Offering Memorandum. As of 12:00 p.m., New York City time, on October 15, 2021, $42,078,080aggregate principal amount of the Existing Notes, or 96.13% of the Existing Notes currently outstanding, have been validly tendered and not validly withdrawn in the Exchange Offer.