FJET.L Regulatory News (FJET)

TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES

1. Identity of the issuer or the underlying issuerof existing shares to which voting rights areattached: ii

Fastjet PLC

2 Reason for the notification (please tick the appropriate box or boxes):

An acquisition or disposal of voting rights

X

An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached

An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments

An event changing the breakdown of voting rights

X

Other (please specify):

3. Full name of person(s) subject to thenotification obligation: iii

GAM International Management Limited

4. Full name of shareholder(s)  (if different from 3.):iv

State Street Nominees Limited

5. Date of the transaction and date onwhich the threshold is crossed orreached: v

24 January 2017

6. Date on which issuer notified:

26 January 2017

7. Threshold(s) that is/are crossed orreached: vi, vii

 10%, 11%

8. Notified details:

A: Voting rights attached to shares viii, ix

Class/type ofshares

if possible usingthe ISIN CODE

Situation previousto the triggeringtransaction

Resulting situation after the triggering transaction

NumberofShares

NumberofVotingRights

Numberof shares

Number of votingrights

% of voting rights x

Direct

Direct xi

Indirect xii

Direct

Indirect

GB00BWGCH354

7,514,200

7,514,200

28,683,007

28,683,007

8.541%

B: Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financialinstrument

Expirationdate xiii

Exercise/Conversion Period xiv

Number of votingrights that may beacquired if theinstrument isexercised/ converted.

% of votingrights

C: Financial Instruments with similar economic effect to Qualifying Financial Instruments xv, xvi

Resulting situation after the triggering transaction

Type of financialinstrument

Exercise price

Expiration date xvii

Exercise/Conversion period xviii

Number of voting rights instrument refers to

% of voting rights xix, xx

Warrant

31.5p

21/07/2021

NA

4,600,000

Nominal

Delta

1.351%

NA

Total (A+B+C)

Number of voting rights

Percentage of voting rights

33,283,007

9.776%

9. Chain of controlled undertakings through which the voting rights and/or thefinancial instruments are effectively held, if applicable: xxi

GAM International Management Ltd is a discretionary investment manager acting in its capacity as investment adviser for GAM Global Diversified Investments and GAM UK Diversified Investments.

The number of shares held on behalf of GAM Global Diversified Investments and GAM UK Diversified Investments in Fastjet PLC has increased from 7,514,200 (7.767%) shares to 28,683,007 (8.541%) shares. In addition 4,600,000 warrants (1.351%) are held on behalf of both funds which, if exercised, would entitle the funds to buy 4,600,000 shares (1.351%) with 4,600,000 voting rights

The aggregate potential exposure is therefore 33,283,007 (9.776%) shares.

This aggregate potential exposure has decreased from 11.953% of the voting rights to 9.776% following the placing of 239,082,993 new ordinary shares by Fastjet PLC.

The breakdown across the funds is as follows:

· GAM Global Diversified Investments (19,424,920 shares; 5.706%)

· GAM Global Diversified Investments (3,090,509 warrants; 0.908%)

· GAM UK Diversified Investments (9,258,087 shares; 2.719%)

· GAM UK Diversified Investments (1,509,491 warrants; 0.443%)

Proxy Voting:

10. Name of the proxy holder:

11. Number of voting rights proxy holder will cease to hold:

12. Date on which proxy holder will cease to hold voting rights:

13. Additional information:

14. Contact name:

Amrit Ryatt, Compliance Officer

15. Contact telephone number:

020 7917 2286