Flybe Group Regulatory News (FLYB)

THIS ANNOUNCEMENT IS RESTRICTED AND NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, CANADA, JAPAN OR AUSTRALIA.

FLYBE GROUP PLC

('Flybe' or 'the Group')

This announcement is an advertisement and not a prospectus and investors should not subscribe for or purchase any shares referred to in this announcement except solely on the basis of information contained in the prospectus (the "Prospectus") published by Flybe Group plc ("Flybe" or the "Company" and, together with its subsidiary undertakings, the "Group") on 10 December 2010 in connection with the admission of its ordinary shares ("Ordinary Shares") to the premium listing segment of the Official List of the UK Listing Authority and to trading on the main market for listed securities of the London Stock Exchange plc (together, "Admission").

15 December 2010

Admission to trading on The London Stock Exchange

Further to its pricing announcement on 10 December 2010, Flybe Group plc ("Flybe") announces that its ordinary share capital of 74,872,881 ordinary shares has today been admitted to the premium segment of the Official List of the UK Listing Authority and to trading on the London Stock Exchange plc's main market for listed securities under the ticker "FLYB.LN".

Enquiries:

Disclaimer:

The contents of this announcement, which have been prepared by and are the sole responsibility of Flybe Group plc, have been approved by Merrill Lynch International ("BofA Merrill Lynch"), 2 King Edward Street, London EC1A 1HQ solely for the purposes of section 21(2)(b) of the Financial Services and Markets Act 2000.

The information contained in this announcement is for background purposes only and does not purport to be full or complete. No reliance may be placed for any purpose on the information contained in this announcement or its accuracy or completeness.

This announcement is an advertisement and not a prospectus and investors should not subscribe for or purchase any shares referred to in this announcement except solely on the basis of information contained in the Prospectus published by Flybe. Copies of the Prospectus are available from Flybe's registered office. The information in this announcement is subject to change.

This announcement does not contain or constitute an offer of, or the solicitation of an offer to buy or subscribe for, securities to any person in Australia, Canada, Japan, or the United States or in any jurisdiction to whom or in which such offer or solicitation is unlawful. Subject to certain exceptions, the securities referred to herein may not be offered or sold in Australia, Canada or Japan or to, or for the account or benefit of, any national, resident or citizen of Australia, Canada or Japan. The offer of the securities referred to herein has not been and will not be registered under the US Securities Act of 1933 as amended (the "US Securities Act") or under the applicable securities laws of Australia, Canada or Japan.

This announcement does not contain or constitute an offer, or an invitation to purchase or subscribe for, any securities in the United States. The Ordinary Shares have not been, and will not be, registered under the US Securities Act or under the applicable securities legislation of any state of the United States and may not be offered or sold in the United States absent registration under the US Securities Act, except pursuant to an available exemption from, or in a transaction not subject to, such registration requirements. There will be no public offer of the Ordinary Shares in the United States.

Merrill Lynch International, Investec Bank plc and Execution Noble Limited, each of which is authorised and regulated in the United Kingdom by the FSA, are acting exclusively for the Company and for no one else in connection with the Global Offer and Admission and will not regard any other person (whether or not a recipient of this document) as their respective clients in relation to the Global Offer or Admission. They will not be responsible to anyone other than the Company for providing the protections afforded to their respective clients or for the giving of advice in relation to the Global Offer, Admission or any other matter referred to in this document.

This document is only addressed to and directed at persons in member states of the European Economic Area where receipt by such persons would not constitute a breach of Article 3 of the Prospectus Directive (Directive 2003/71/EC). In addition, in the United Kingdom this announcement is directed at and/or for distribution only to (i) persons who have professional experience in matters relating to investments falling within article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the "Order") or (ii) high net worth entities falling within article 49(2)(a) to (d) of the Order (all such persons are referred to herein as "relevant persons"). This announcement is directed only at relevant persons. Any person who is not a relevant person should not act or rely on this announcement or any of its contents. Any investment or investment activity to which this announcement relates is available only to relevant persons and will be engaged in only with relevant persons.

Acquiring investments to which this announcement relates may expose an investor to a significant risk of losing all of the amount invested. Persons considering investment in such investments should consult an authorised person specialising in advising on such investments. This announcement does not constitute a recommendation concerning the Global Offer. The value of shares can decrease as well as increase. Potential investors should consult a professional advisor as to the suitability of the Global Offer for the person concerned.

In connection with the Global Offer, Merrill Lynch International, Investec Bank plc and Execution Noble Limited and any of their affiliates, acting as investors for their own accounts, may subscribe for or purchase Ordinary Shares and in that capacity may retain, purchase, sell, offer to sell or otherwise deal for their accounts in such Ordinary Shares and other securities of the Company or related investments in connection with the Global Offer or otherwise. Accordingly, references in the Prospectus to the Ordinary Shares being issued, offered, subscribed, acquired, placed or otherwise dealt in should be read as including any issue or offer to, or subscription, acquisition, placing or dealing by, Merrill Lynch International, Investec Bank plc, Execution Noble Limited and any of their affiliates acting as investors for their own accounts. Merrill Lynch International, Investec Bank plc and Execution Noble Limited do not intend to disclose the extent of any such investment or transactions otherwise than in accordance with any legal or regulatory obligations to do so.

None of Merrill Lynch International, Investec Bank plc, Execution Noble Limited or any of their respective directors, officers, employees, advisers or agents accepts any responsibility or liability whatsoever for/or makes any representation or warranty, express or implied, as to the truth, accuracy or completeness of the information in this announcement (or whether any information has been omitted from the announcement) or any other information relating to the Company, its subsidiaries or associated companies, whether written, oral or in a visual or electronic form, and howsoever transmitted or made available or for any loss howsoever arising from any use of this announcement or its contents or otherwise arising in connection therewith.