Publication of Shareholder Circular

FLYBE GROUP PLC

("Flybe" or the "Company")

PUBLICATION OF SHAREHOLDER CIRCULAR

Further to the announcement in the Company's interim management report published on 14 November 2018 regarding a transfer from the current Premium listing to a Standard listing on the London Stock Exchange, (the "Transfer"), Flybe announces that a circular to shareholders (the "Circular") setting out further information regarding the Transfer and containing a notice for a General Meeting will be posted today. The General Meeting will be held at 9.00am at the offices of Bryan Cave Leighton Paisner LLP, Adelaide House, London Bridge EC4R 9HA on 14 December 2018.

Copies of the Circular will be shortly available at https://www.flybe.com/investors and it will also be submitted to the National Storage Mechanism where it will shortly be available for inspection at http://www.morningstar.co.uk/uk/nsm.

For additional information, please contact:

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ABOUT FLYBE

Flybe is Europe's largest regional airline and flies more UK domestic flights than any other airline - 53% of all UK flights within mainland Britain (excluding London). Flybe currently operates 192 routes serving 14 countries from 75 departure points in the UK and Europe* and is the largest scheduled airline by air traffic movements at Aberdeen, Belfast City, Birmingham, Cardiff, Doncaster Sheffield, Exeter, Glasgow, Isle of Man, Jersey, Manchester, Newquay and Southampton airports**. Flybe operates a fleet of 76 aircraft - 54 Bombardier Q400, 6 Embraer E195, 11 E175 & 5 ATR 72s and was recognised as the most punctual UK-based airline in the latest report on 'Best and Worst Airlines' issued by leading consumer watchdog Which? in January 2018.

*Flown under the Flybe brand including all routes on sale Nov 2018 - Aug 2019

**Source: CAA Aug 2018