Fastjet PLC Directorate Change (2511B)

TIDMFJET

RNS Number : 2511B

Fastjet PLC

19 September 2018

fastjet Plc

("fastjet" or the "Company")

(AIM: FJET)

Directorate Change

19 September 2018

fastjet, the African value airline for everyone, announces today that Peter Hyde, a Non-Executive Director (NED) since April 2017, has resigned as a Director of the Company. With the recent appointment of Mark Hurst and due to his other time commitments, Peter has decided that now is an appropriate time to step down from the Board.

Rashid Wally, Non-Executive Director and fastjet Chairman, commented: "Peter has chaired the Audit Committee through a challenging period and demonstrated a total commitment to the development of the Company. We thank him for his contribution as a fastjet NED."

Peter Hyde said: "Although the trading and operational environment has been challenging, I have much enjoyed my time on the fastjet Board."

For more information, contact:

 
 fastjet Plc                                Tel: [phone] 
 Nico Bezuidenhout, Chief Executive 
  Officer 
  Michael Muller, Chief Financial Officer 
 
 UK media - Citigate Dewe Rogerson          Tel: [phone] 
 Angharad Couch 
  Eleni Menikou 
 Toby Moore 
  Nick Hayns 
 
 GM Marketing Communication - Hein          Tel: [phone] 
  Kaiser 
 
 
 For investor enquiries please contact: 
 
 Liberum Capital Limited - Nominated        Tel: [phone] 
  Adviser and Broker 
 Clayton Bush 
 Andrew Godber 
  Trystan Cullen 
 

NOTES TO EDITORS

About fastjet:

fastjet is a multi-award winning (including Skytrax World Airline Awards Best Low-Cost Airline in Africa 2017 and Leading African Low-Cost Carrier, World Travel Awards 2016 and 2017) African value airline for everyone that began flight operations in Tanzania in November 2012, flying passengers from Dar es Salaam to just two domestic destinations - Kilimanjaro and Mwanza.

Today, fastjet's route network includes Tanzanian domestic routes from its Dar es Salaam base to Kilimanjaro, Mbeya, and Mwanza, and international routes from Tanzania to Lusaka in Zambia and Harare in Zimbabwe. fastjet began branded domestic flights in Mozambique (Operated by Solenta Aviation Mozambique) between Maputo and Beira, Nampula and Tete in November 2017 and celebrated its third year of operations in Zimbabwe in 2018. The carrier operates between Harare and Bulawayo, Harare and Victoria Falls and from Harare and Victoria Falls to Johannesburg in South Africa. The airline has flown over 3.5 million passengers with an impressive on-time performance aggregate, establishing itself as a punctual, reliable, and affordable carrier.

This announcement is released by fastjet Plc and contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) 596/2014 ("MAR"), and is disclosed in accordance with the Company's obligations under Article 17 of MAR.

For the purposes of MAR and Article 2 of Commission Implementing Regulation (EU) 2016/1055, this announcement is being made on behalf of fastjet Plc, by Michael Muller, Chief Financial Officer.

fastjet Plc is quoted on the London Stock Exchange's AIM Market.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [e-mail] or visit www.rns.com.

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September 19, 2018 04:29 ET (08:29 GMT)