Wizz Air Regulatory News (WIZZ)

NOTIFICATION OF MAJOR HOLDINGSi

1a. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attachedii:

Wizz Air Holdings Plc

1b. Please indicate if the issuer is a non-UK issuer (please mark with an "X" if appropriate)

Non-UK issuer

X

2. Reason for the notification (please mark the appropriate box or boxes with an "X")

An acquisition or disposal of voting rights

An acquisition or disposal of financial instruments

An event changing the breakdown of voting rights

Other (please specify)iii: Conversion of 12,453,300 (in aggregate) Convertible Shares into Ordinary Shares on 3 March 2020

X

3. Details of person subject to the notification obligationiv

Name

Indigo Hungary Management LLC

William A. Franke

City and country of registered office (if applicable)

Wilmington, Delaware, United States of America

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

Name

Indigo Hungary LP

Indigo Maple Hill, L.P.

City and country of registered office (if applicable)

Grand Cayman, Cayman Islands

5. Date on which the threshold was crossed or reachedvi:

03/03/2020

6. Date on which issuer notified (DD/MM/YYYY):

03/03/2020

7. Total positions of person(s) subject to the notification obligation

% of voting rights attached to shares (total of 8. A)

% of voting rights through financial instruments(total of 8.B 1 + 8.B 2)

Total of both in % (8.A + 8.B)

Total number of voting rights of issuervii

Resulting situation on the date on which threshold was crossed or reached

17.8%

48.9%

66.7%

85,395,140

Position of previous notification (if

applicable)

3.7%

75.5%

79.2%

8. Notified details of the resulting situation on the date on which the threshold was crossed or reachedviii

A: Voting rights attached to shares

Class/type ofshares

ISIN code (if possible)Ordinary

JE00BN574F90

Number of voting rightsix

% of voting rights

Direct

(Art 9 of Directive 2004/109/EC) (DTR5.1)

Indirect

(Art 10 of Directive 2004/109/EC) (DTR5.2.1)

Direct

(Art 9 of Directive 2004/109/EC) (DTR5.1)

Indirect

(Art 10 of Directive 2004/109/EC) (DTR5.2.1)

Indigo Hungary LP

11,515,509

N/A

13.5%

N/A

Indigo Maple Hill, L.P.

3,484,491

N/A

4.1%

N/A

Bigfork Partners LLC

70,000

N/A

0.1%

N/A

Indigo Hungary Management LLC

4,750

N/A

0.0%

N/A

William A. Franke

82,917

N/A

0.1%

N/A

SUBTOTAL 8. A

15,157,667

17.8%

B 1: Financial Instruments according to Art. 13(1)(a) of Directive 2004/109/EC (DTR5.3.1.1 (a))

Type of financial instrument

Expirationdatex

Exercise/Conversion Periodxi

Number of voting rights that may be acquired if the instrument is

exercised/converted.

% of voting rights

N/A

N/A

N/A

N/A

N/A

SUBTOTAL 8. B 1

N/A

N/A

B 2: Financial Instruments with similar economic effect according to Art. 13(1)(b) of Directive 2004/109/EC (DTR5.3.1.1 (b))

Type of financial instrument

Expirationdatex

Exercise/Conversion Period xi

Physical or cash

settlementxii

Number of voting rights

% of voting rights

Convertible Shares - Indigo Hungary LP and Indigo Maple Hill, L.P.

N/A

N/A

N/A

17,377,203

20.3%

Convertible Notes - Indigo Hungary LP and Indigo Maple Hill, L.P.

31/03/2022

to 31/03/2022

N/A

24,381,420 (Please refer to Section 11)

28.6%

SUBTOTAL 8.B.2

41,758,623

48.9%

9. Information in relation to the person subject to the notification obligation (please mark the

applicable box with an "X")

Person subject to the notification obligation is not controlled by any natural person or legal entity and does not control any other undertaking(s) holding directly or indirectly an interest in the (underlying) issuerxiii

Full chain of controlled undertakings through which the voting rights and/or thefinancial instruments are effectively held starting with the ultimate controlling natural person or legal entityxiv (please add additional rows as necessary): Indigo Hungary Management LLC is the general partner of Indigo Hungary LP and Indigo Maple Hill, L.P. William A. Franke is the sole member of Indigo Hungary Management LLC.

X

Namexv

% of voting rights if it equals or is higher than the notifiable threshold

% of voting rights through financial instruments if it equals or is higher than the notifiable threshold

Total of both if it equals or is higher than the notifiable threshold

Indigo Hungary LP

13.5%

37.5%

51.0%

Indigo Maple Hill, L.P.

4.1%

11.4%

15.4%

10. In case of proxy voting, please identify:

Name of the proxy holder

N/A

The number and % of voting rights held

N/A

The date until which the voting rights will be held

N/A

11. Additional informationxvi

Please refer to Part III of the prospectus published by Wizz Air Holdings Plc on 25 February 2015 which sets out the terms of the Convertible Shares and Convertible Notes (each as defined therein) and the circumstances in which the conversion rights can be exercised.

The number of voting rights included in respect of the Convertible Notes in Part B.2 of Section 8 includes Ordinary Shares that would have been issued in respect of accrued but unpaid interest assuming that the Convertible Notes had been converted in full on 3 March 2020.

This disclosure has been calculated based on the total voting rights figure of 85,395,140 as set out in Wizz Air Holding Plc's announcement dated 3 March 2020.

Place of completion

London, United Kingdom

Date of completion

3 March 2020