Wizz Air Holdings PLC Directors Remuneration Report - Correction (3221R)

TIDMWIZZ

RNS Number : 3221R

Wizz Air Holdings PLC

13 June 2018

Wizz Air Holdings Plc

Directors' Remuneration Report - Correction

Geneva, 13 June 2018: Further to the publication of the Annual Report and Accounts for the financial year ended 31 March 2018 (the "Accounts") for Wizz Air Holdings Plc (the "Company") on 24 May 2018, the Company draws readers' attention to an error on page 59 of the Accounts which states that the maximum average annual growth metric for the EPS measure in the 2018 grant under the Company's Long Term Incentive Plan is 29 per cent. The correct figure, which was approved by the Company's Remuneration Committee, should read 26 per cent rather than 29 per cent as previously stated.

The correct figure of 26 per cent was also highlighted in a notice issued by the Company on 1 June 2018 titled "Replacement: Wizz Air Long Term Incentive Plan ("LTIP") award grants".

There is no impact on the Company's profit, balance sheet, earnings per share or other financial information in the Accounts. The error relates to part of the Accounts which is not audited.

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ABOUT WIZZ AIR

Wizz Air is the largest low-cost airline in Central and Eastern Europe, operates a fleet of 100 Airbus A320 and Airbus A321 aircraft, and offers more than 600 routes from 27 bases, connecting 141 destinations across 44 countries. At Wizz Air, a team of more than 4,000 aviation professionals delivers superior service and very low ticket prices making Wizz Air the preferred choice of over 30 million passengers in the past 12 months. Wizz Air is listed on the London Stock Exchange under the ticker WIZZ and is included in the FTSE 250 and FTSE All-Share Indices. Wizz Air is registered under the International Air Transport Association (IATA), Operational Safety Audit (IOSA), the global benchmark in airline safety recognition. The company was recently named 2017 - European Airline of the Year by Aviation 100, a renown annual publication that recognizes the year's most outstanding performers in the aerospace industry.

 
 For more information: 
 
                                                    +36 1 777 
 Investors:    Balint Veres, Wizz Air:               9349 
 
                                                    +36 1 777 
 Media:        Sorina Ratz, Wizz Air:                9304 
  Edward Bridges / Jonathan Neilan,                 [phone] 
   FTI Consulting LLP:                               1017 
 

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June 13, 2018 12:30 ET (16:30 GMT)