FJET.L Regulatory News (FJET)

fastjet Plc("fastjet" or the "Company")

Exercise of Warrants

21 October 2019

fastjet (AIM: FJET) announces that application has been made for the admission to trading on AIM ("Admission") for 3 new ordinary shares of 1p each in the Company ("Ordinary Shares") pursuant to the exercise of shareholder warrants. All the warrants exercised had an exercise price of 31.5 pence per warrant. The new Ordinary Shares will rank pari passu in all respects with the existing Ordinary Shares of the Company. Admission of the new Ordinary Shares is expected on 24 October 2019.

Following Admission, the Company's issued share capital will comprise 3,800,824,884 Ordinary Shares and may 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. The Company does not hold any shares in treasury.

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NOTES TO EDITORS

About fastjet:

fastjet is a multi-award-winning African value airline that began flight operations in 2012. Its awards include, Leading African Low-Cost Carrier World Travel Awards 2016, 2017, 2018 and 2019, and Skytrax World Airline Awards Best Low-Cost Airline in Africa 2017. Today, fastjet connects Zimbabwe by flying between Harare and Victoria Falls, Harare and Bulawayo. It also offers flights from Harare and Victoria Falls to Johannesburg in South Africa.

Since commencing operations fastjet has flown over 3 million passengers and has established itself as a punctual, reliable, and affordable low-cost carrier.

fastjet Plc is quoted on the London Stock Exchange's AIM Market.

For more information see www.fastjet.com