Webjet : Consent Solicitation

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES OR TO ANY OTHER JURISDICTION WHERE SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE PROHIBITED BY APPLICABLE LAW

16 November 2020

WEBJET ANNOUNCES CONSENT SOLICITATION IN CONNECTION WITH €100,000,000 2.5 PER CENT. SENIOR UNSECURED CONVERTIBLE NOTES DUE 2027 (ISIN XS2198898525) (COMMON CODE: 219889852)

Webjet Limited ("Webjet" or the "Company") has today announced a consent solicitation (the

"Consent Solicitation") to holders of its €100,000,000 2.5 per cent. Senior Unsecured Convertible

Notes due 2027 (the "Notes"), to solicit their consent to approve certain amendments to the Notes which provide for equity settlement of the Notes on exercise of the conversion right (the "Physical

Conversion Modification").

The Physical Conversion Modification is sought by Webjet following receipt of approval for it from shareholders at Webjet's annual general meeting held on 22 October 2020. Details of the background to the Physical Conversion Modification can be found in the notice of meeting for

Webjet's 2020 annual general meeting which is available at https://www.webjetlimited.com/asx-

announcements/.

The Consent Solicitation Statement and related documentation is available to holders of the Notes from Euroclear Bank SA/NV and Clearstream Banking S.A. or from The Hongkong and Shanghai Banking Corporation Limited, which has been appointed to act as the Information and Tabulation Agent for the Consent Solicitation. The Information and Tabulation Agent will assist Noteholders with requests for soft copies of the Consent Solicitation Statement as well as questions in relation to the voting procedures, submission of Voting Instructions and participation in the Consent Solicitation.

Webjet Limited ACN 002 013 612

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NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES OR TO ANY OTHER JURISDICTION WHERE SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE PROHIBITED BY APPLICABLE LAW

Authorised for release by Managing Director, John Guscic

For more information:

The Hongkong and Shanghai Banking Corporation Limited:

Telephone No.: [phone] (Edward Chiu)

[phone] (Amy Chim)

Fax: [phone]

Email: [e-mail]

[e-mail]

[e-mail]

[e-mail]

[e-mail]

Attention: Issuer Services

Webjet:

Carolyn Mole Investor Relations [phone] [e-mail]

* * *

DISCLAIMER

THIS ANNOUNCEMENT IS FOR INFORMATION PURPOSES ONLY AND DOES NOT CONSTITUTE AN OFFER TO BUY, OR SOLICITATION OF AN OFFER TO SELL, ANY SECURITIES AND NO SUCH OFFER, SOLICITATION, PURCHASE OR SALE SHALL BE MADE IN THE UNITED STATES OR ANY JURISDICTION WHERE SUCH OFFER, SOLICITATION OR SALE WOULD BE UNLAWFUL.

THE SECURITIES MENTIONED IN THIS ANNOUNCEMENT HAVE NOT BEEN AND WILL NOT BE REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED (THE "SECURITIES ACT") AND MAY NOT BE OFFERED OR SOLD IN THE UNITED STATES EXCEPT PURSUANT TO REGISTRATION OR AN EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT. NO PUBLIC OFFERING OF ANY SECURITIES WILL BE MADE IN THE UNITED STATES.

THE DISTRIBUTION OF THE CONSENT SOLICITATION STATEMENT REFERRED TO IN THIS ANNOUNCEMENT IN CERTAIN JURISDICTIONS MAY BE RESTRICTED BY LAW. HOLDERS OF THE NOTES AND ANY OTHER PERSON INTO WHOSE POSSESSION THE CONSENT SOLICITATION STATEMENT COMES ARE REQUIRED BY THE TRUSTEE, THE COMPANY, THE PRINCIPAL PAYING AND CONVERSION AGENT AND THE INFORMATION AND TABULATION AGENT (EACH AS DEFINED IN THE CONSENT SOLICITATION STATEMENT) TO INFORM THEMSELVES ABOUT, AND TO OBSERVE, ANY SUCH RESTRICTIONS. THIS ANNOUNCEMENT MUST BE READ IN CONJUNCTION WITH THE CONSENT SOLICITATION STATEMENT. THIS ANNOUNCEMENT AND THE CONSENT SOLICITATION STATEMENT CONTAIN IMPORTANT INFORMATION WHICH MUST BE READ CAREFULLY BEFORE ANY DECISION IS MADE WITH RESPECT TO THE CONSENT SOLICITATION. IF NOTEHOLDERS ARE IN ANY DOUBT AS TO

Webjet Limited ACN 002 013 612

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NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES OR TO ANY OTHER JURISDICTION WHERE SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE PROHIBITED BY APPLICABLE LAW

THE ACTION THEY SHOULD TAKE, THEY ARE RECOMMENDED TO SEEK THEIR OWN FINANCIAL AND LEGAL ADVICE, INCLUDING AS TO ANY TAX CONSEQUENCES, IMMEDIATELY FROM YOUR STOCKBROKER, BANK MANAGER, SOLICITOR, ACCOUNTANT OR OTHER INDEPENDENT FINANCIAL OR LEGAL ADVISER. ANY INDIVIDUAL WHOSE NOTE ARE HELD ON ITS BEHALF BY A BROKER, DEALER, BANK, CUSTODIAN, TRUST COMPANY OR OTHER NOMINEE OR INTERMEDIARY MUST CONTACT SUCH ENTITY IF IT WISHES TO PARTICIPATE IN THE CONSENT SOLICITATION. NONE OF THE INFORMATION AND TABULATION AGENT OR THE COMPANY MAKES ANY RECOMMENDATION AS TO WHETHER THE HOLDERS SHOULD PARTICIPATE IN THE CONSENT SOLICITATION.

THE CONSENT SOLICITATION STATEMENT IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION TO ANY PERSON LOCATED OR RESIDENT IN ANY JURISDICTION WHERE IT IS UNLAWFUL TO DISTRIBUTE IT. THE CONSENT SOLICITATION REFERRED TO THEREIN IS NOT BEING MADE TO, NOR WILL CONSENTS FROM HOLDERS OF NOTES BE ACCEPTED IN ANY JURISDICTION IN WHICH THE CONSENT SOLICITATION WOULD VIOLATE THE SECURITIES OR OTHER APPLICABLE LAWS OF SUCH JURISDICTION OR REQUIRE THE REGISTRATION OR QUALIFICATION OF THE CONSENT SOLICITATION UNDER THE SECURITIES LAWS OF SUCH JURISDICTION.

Webjet Limited ACN 002 013 612

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