TIGER AIRWAYS HOLDINGS LIMITED

(Incorporated in the Republic of Singapore) Company Registration Number: 200701866W

INCORPORATION OF WHOLLY-OWNED SUBSIDIARY ROAR AVIATION II PTE. LTD.

The board of directors of Tiger Airways Holdings Limited (the "Company") wishes to announce the incorporation (the "Incorporation") of the following wholly-owned subsidiary in Singapore, which will be utilised for, inter alia, investment holding purpose:
Name of Company : Roar Aviation II Pte. Ltd. Principal Activity : Investment Holding
Issued and Paid-up Share Capital : S$1.00 comprising one (1) ordinary share
The Incorporation will not result in any material impact on the earnings per share or net tangible assets per share of the Company and its subsidiaries for the current financial year ending 31
March 2013.
None of the directors or the controlling shareholders of the Company has any interest, direct or indirect, in the abovementioned transaction save for their shareholdings in the Company.
BY ORDER OF THE BOARD

TIGER AIRWAYS HOLDINGS LIMITED

Ms Joyce Fong
Company Secretary
28 May 2012

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