fastjet announces that at the general meeting of the Company held earlier today, all resolutions put to shareholders were duly passed.

Clive Carver, Non-Executive Chairman of fastjet, commented: “Approval of this Placing provides management with the firm capital base required to move on to the next phase of growth, expanding the fastjet low-cost network through East and Southern Africa. We are very encouraged by the confidence in fastjet shown by our current and new shareholders.”

Accordingly, as set out in the notice of general meeting circular sent to shareholders on 2 April 2015, the existing ordinary shares of 1 pence each (Existing Ordinary Shares) will be consolidated into the new ordinary shares (New Ordinary Shares) on the basis of one New Ordinary Share of £1 each for every 100 Existing Ordinary Shares held at the record date (being 5pm today (20 April 2015)).

The New Ordinary Shares are expected to be admitted to trading on AIM at 8.00 a.m. on 21 April 2015. Following admission, the Company will have 16,422,096 ordinary shares of £1 each in issue. The ISIN for the New Ordinary Shares will be GB00BWGCH354.

Furthermore, the relevant resolution was passed to provide the Company with the authority to allot and issue shares and dis-apply pre-emption rights for the purposes of the proposed placing (the Placing) of 50,000,000 New Ordinary Shares (the Placing Shares). The Placing is therefore now only conditional on admission, such admission having been applied for and expected to take place on or around 22 April 2015.

Following admission of the Placing Shares, the Company will have 66,422,096 Ordinary Shares of £1 each in issue. The Company will have 1 share in treasury following the consolidation and so 66,422,097 Ordinary Shares may therefore be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the FCA’s Disclosure and Transparency Rules.