21 June 2013

Fastjet plc

('fastjet' or the 'Company')

Issue of Equity

fastjet (AIM:FJET) is pleased to announce that it has raised £1,099,890 via a draw down on its Equity Financing Facility with Darwin Strategic Limited ("Darwin"), a majority owned subsidiary of Henderson Global Investors Volantis Capital ("Henderson").

Under the terms of the EFF agreement the Company raised gross proceeds of £1,099,890 by way of the issue of 108,900,000 shares of 1p each to Darwin (the "EFF Shares"). The new EFF Shares have been issued at a gross price of 1.01p per share and rank pari passu in all respects with existing ordinary shares of 1p each in fastjet.

In accordance with the Convertible Security Deed entered into between the Company and Bergen Global Opportunity Fund, LP ("Bergen"), the details of which were announced to the market on 8 March 2013, fastjet announces that the Company has today issued 79,675,000 new ordinary shares (the "Conversion Shares") to Bergen in respect of £796,750 of the Convertible Security. The Conversion Shares rank pari passu in all respects with existing ordinary shares in fastjet.  Application has been made for the Conversion Shares to be admitted to trading on AIM, which is expected to take place on 26 June 2013.

This is the final conversion and there are no further conversion shares to be issued under the Convertible Security Deed.

Application will be made to the London Stock Exchange for a total of 188,575,000 ordinary shares to be admitted to trading on AIM. It is expected that the admission will become effective and that trading in the new Shares will commence on 26 June 2013 ("Admission").

Following Admission, the Company's enlarged issued share capital will comprise of 2,797,138,414 ordinary shares with voting rights. This figure of 2,797,138,414 ordinary shares 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 FSA's Disclosure and Transparency Rules.

ENDS

 

For further information, please contact:

fastjet Plc                                     Tel: +44 (0) 20 3651 6355

Ed Winter

Angus Saunders

Geoffrey White

W.H. Ireland Ltd.                         Tel: +44 (0) 20 7220 1666

James Joyce

Nick Field

Darwin Strategic Ltd.                  Tel +44 (0) 20 7491 6512

Anand Sambasivan

Jamie Vickers

Citigate Dewe Rogerson            Tel: +44 (0) 20 7638 9571

Angharad Couch

Sally Marshak

Eleni Menikou

Posted on 21st June 2013