TIGER AIRWAYS HOLDINGS LIMITED (Incorporated in the Republic of ) Company Registration Number: 200701866W

TIGER AIRWAYS SINGAPORE TO RELOCATE TO TERMINAL 2 IN SEPTEMBER 2012

Singapore, 1 March 2012. Tiger Airways Holdings Limited notes the following statement from its wholly-owned subsidiary, Tiger Airways Singapore Pte Ltd (“ Tiger Airways Singapore ”).

Tiger Airways Singapore today announced that it will be relocating to Terminal 2 at Singapore Changi Airport (“ Terminal 2 ”) in the early hours of Tuesday 25 September 2012 from its current base at the Budget Terminal (“ BT ”). Tiger Airways' flights will operate at Terminal 2 from 0600 hours on that day. The BT will be demolished to make way for the construction of a larger passenger terminal building. The related release from Changi Airport Group (“ CAG ”) is attached for reference.

Tiger Airways Singapore relocated to the BT in March 2006 following the opening of the BT. Since that time, the number of passengers that have flown with Tiger Airways Singapore has grown 14-fold.

Tiger Airways Singapore and CAG have been engaged in ongoing discussions with regards to airport infrastructure at Changi Airport. A new facility is now required to support Tiger Airways Singapore’s continued growth into the future.

Stewart Adams, Managing Director of Tiger Airways Singapore said, “Tiger Airways Singapore has grown strongly year on year since we commenced operations in September 2004. As we continue to expand our fleet, destination network and customer base, we believe the plans for the new terminal building will dovetail with our own growth strategies, while improving our customers’ travel experience. Tiger Airways Singapore welcomes these changes, and will work closely with CAG and our partners to ensure a seamless customer travel experience in the interim period.”

Yam Kum Weng, Changi Airport Group’s Executive Vice President for Air Hub Development said, “This development paves the way for Tiger Airways’ continued growth at Changi Airport by ensuring sufficient terminal capacity and resources to meet Tiger’s near-term needs as well as over the longer term. CAG will work closely with Tiger to ensure a smooth transfer of its operations to Terminal 2.”

Further information on the relocation will be provided closer to the date.

ABOUT TIGER AIRWAYS HOLDINGS LIMITED (SGX: J7X) (Company Registration Number: 200701866W) (incorporated with limited liability in the Republic of Singapore on 1 February 2007)

Established in September 2004, Tiger Airways, together with its associated , operates a fleet of 32 Airbus A320 aircraft and is committed to increasing its fleet size to 68 by December 2015. In addition, 2 Airbus A319 aircraft are independently operated by SEAIR in the Philippines under a Partner Programme.

For more information, please visit www.tigerairways.com .

Media Release

Changi Airport’s Budget Terminal to be closed New large-capacity terminal to be developed on site

SINGAPORE, 1 March 2012 – Changi Airport Group (CAG) today announced that it will close Singapore Changi Airport’s Budget Terminal on 25 September 2012. The terminal will be demolished to make way for the construction of a larger passenger building so as to cater to the continued growth of air traffic at Changi Airport and further strengthen Singapore’s air hub status.

The new terminal, to be known as Terminal 4, will have a capacity of 16 million passengers per annum (mppa). It will be designed to enable efficient passenger processing and quick turnaround of aircraft, and will not have aerobridges. Unlike the present Budget Terminal, Terminal 4 will have a wide choice of retail and food & beverage offerings as well as passenger amenities that will better serve the needs of travellers.

To facilitate the construction of Terminal 4, airlines currently operating in the Budget Terminal will move their operations to Terminal 2 and will start operations there from 0600 hours on 25 September 2012. The affected airlines are Berjaya Air, , Firefly, South East Asian Airlines and Tiger Airways.

CAG has had discussions with the airlines operating at the Budget Terminal since late last year regarding the terminal’s closure. It will work with the respective airlines to ensure a smooth transition of their operations, and will endeavour to minimise

inconvenience to passengers as far as possible. More details on each airline’s operations at Terminal 2 will be provided nearer the effective date.

Investing for long-term growth The existing Budget Terminal handled more than 4.6 million passenger movements in 2011. While Changi Airport, with a total capacity of more than 70 mppa, still has room to accommodate air traffic growth, CAG believes in planning ahead to ensure there is capacity to handle further increase in traffic demand.

Over the past decade, passenger traffic at Changi Airport has increased at a compounded annual growth rate of 5.2%. In 2011, Changi handled a total of 46.5 million passenger movements, a year-on-year increase of 10.7%. Singapore-based carriers – , SilkAir, Tiger Airways, Asia and – have ordered new aircraft and foreign carriers have also expressed the desire to grow their air links with Singapore. The new terminal will enable CAG to sustain the long-term growth of Changi Airport.

Construction of Terminal 4 will begin in 2013 and the new terminal is expected to be ready by 2017. Further details of the new terminal will be released at a later date.

For more information, please contact: Changi Corporate Communications +65 9323 9010 [email protected]

Ivan Tan +65 9635 9765 [email protected]

About Changi Airport Group Changi Airport Group (Singapore) Pte Ltd (CAG) (www.changiairportgroup.com) was formed on 16 June 2009 and the corporatisation of Singapore Changi Airport followed on 1 July 2009. As the company managing Changi Airport, CAG undertakes key functions focusing on airport operations and management, air hub development, commercial activities and airport emergency services. Through its subsidiary Changi Airports International, the Group invests in and manages foreign airports to spread the success of Changi Airport internationally.

Changi Airport (www.changiairport.com) is the world’s most awarded airport having garnered more than 390 accolades since it opened in 1981. To serve passengers and visitors from the world over, there are 320 retail stores and 130 F&B outlets across the airport's four terminals. Changi handled more than 46 million passenger movements in 2011, an annual record. Today, it serves some 100 airlines flying to over 210 cities in about 60 countries and territories worldwide. A flight takes off or lands at Changi roughly once every 100 seconds.