TIDMFJET

RNS Number : 2912P

Fastjet PLC

08 June 2020

fastjet Plc

("fastjet", the "Company" or the "Group")

Response to Share Price Movement

fastjet, the low-cost African airline, notes its recent share price movement and confirms that it is not aware of any specific reason for such movement.

In line with the Company's announcement on 1 May 2020, flight operations remain suspended following the country-wide lockdowns in South Africa and Zimbabwe and discussions with an investor consortium in relation to the disposal of the Group's holding in fastjet Zimbabwe (the "Disposal") will only restart when the impact and timeline of the lockdowns in South Africa and Zimbabwe are better understood.

The Company is still assessing its future funding requirements should the Disposal not proceed to enable it to continue as a going concern beyond 31 July 2020 and will issue an updated trading statement in the last week of June 2020.

 
 fastjet plc                            Tel: +27 (0) 10 070 5151 
 Mark Hurst, Group Interim Chief 
  Executive Officer 
  Kris Jaganah, Group Chief Financial 
  Officer 
 
 Liberum Capital Limited                Tel: +44 (0) 20 3100 2222 
  Nominated Adviser and Broker 
 Andrew Godber 
  Clayton Bush 
  James Greenwood 
  William Hall 
 
 Citigate Dewe Rogerson                  Tel: +44 (0) 20 7638 9571 
  Financial PR 
 Angharad Couch 
  Toby Moore 
  Nick Hayns

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 the three major cities in Zimbabwe by flying between Harare and Victoria Falls and Harare and Bulawayo. Internationally the airline offers flights from Harare and Bulawayo to Johannesburg in South Africa.

In October 2018, fastjet acquired an interest in FedAir, which provides unscheduled shuttle and charter services to the game lodges in the Southern Africa region.

Since commencing operations fastjet has flown over 3.5 million passengers and has established itself as a punctual, reliable, and affordable airline, with value-added services inclusive of free baggage allowance(s), airport lounge access, dedicated check-in and more according to the new fare attributes introduced across their network.

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June 08, 2020 08:31 ET (12:31 GMT)

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