easyJet Regulatory News (EZJ)

Response to result of UK referendum on membership of the European Union ("EU")

24 June 2016

easyJet notes the result of yesterday's referendum in favour of the UK leaving the EU and is confident that it will not have a material impact on its strategy or its ability to deliver long term sustainable earnings growth and returns to shareholders.

easyJet has been preparing for this eventuality in the lead up to the referendum vote and has been working on a number of options that will allow it to continue flying in all of its markets.

easyJet's initial focus will be to accelerate discussions with UK and EU governments and regulators to ensure that the UK remains part of the single EU aviation market. This would enable EU airlines to fly freely within the UK and between the UK and EU, allow UK airlines to fly freely across Europe and would ensure that consumers continue to benefit from low fares and would mean easyJet and other airlines can continue to operate as they do now. easyJet will also continue to develop its alternative options that will fully maintain its existing network and operations.

easyJet is confident that its unique network, digital leadership, cost advantage and financial strength will enable it to continue to execute on its strategy and to deliver long term sustainable earnings growth and returns to shareholders.

 Carolyn McCall, easyJet Chief Executive said:

"We remain confident in the strength of easyJet's business model and our ability to continue to deliver our successful strategy and our leading returns. We have today written to the UK Government and the European Commission to ask them to prioritise the UK remaining part of the single EU aviation market, given its importance to trade and consumers."

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