TIGER AIRWAYS HOLDINGS LIMITED

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

PT MANDALA AIRLINES PRESS RELEASE REGARDING THE COMMENCEMENT OF SALES AND DETAILS OF ITS INAUGURAL FLIGHT Singapore, 27 March 2012. Tiger Airways Holdings Limited ("Tiger Airways") notes the following statement with regards to its associated company, PT Mandala Airlines of Indonesia ("Mandala"). Mandala announced that it will commence sales for its initial route network and destinations today. Further, Mandala announced Thursday 5 April 2012 as the date of its inaugural flight following a successful corporate restructuring process. Details are in the press release issued by Mandala, a copy of which is enclosed together with this announcement.

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 airlines, 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 Airline

Programme.

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

ABOUT SARATOGA GROUP

Established in 1998, Saratoga is a leading investment firm in Indonesia. Saratoga's business interests span natural resources, energy, infrastructure, telecommunication, and consumer goods.

Media Release Revitalised Mandala takes to the skies!

• Mandala Airlines launches domestic and international routes at low fares
• First flight to take off on 5 April 2012
• Book at www.tigerairways.com

Jakarta, 27 March 2012 - Mandala Airlines today returns to the Indonesian aviation scene after a complete revitalisation by its new shareholders - Saratoga Group and Tiger Airways. Offering low fares and new destinations with its fleet of brand-new A320s, Mandala Airlines will provide greater choice and opportunities for Indonesian travellers.

Starting today at 12 noon, Mandala Airlines' flights to amazing destinations are on sale with fares starting from as low as IDR 329,900. Mandala Airlines' initial services will be on the Jakarta-Medan and Jakarta-Kuala Lumpur routes, with its inaugural domestic flight from Jakarta to Medan scheduled on 5 April 2012. Other routes, to be announced shortly, will give consumers even more opportunities for low-fare travel.
Adopting Tiger Airways' proven business model of offering low fares by removing non-essential costs whilst focusing on safety, security and punctuality, Mandala Airlines is set to make Indonesian consumers very happy.
Mandala Airlines' philosophy is that consumers should have total flexibility in their travel choices and they should only pay for what they need. Passengers are empowered to make their own choices on how much they pay by selecting from optional additional services available. And with the flexibility of booking directly on www.tigerairways.com, Mandala Airlines' passengers also get seamless access to Tiger Airways' ancillary services.
The airline will commence service on 5 April with its inaugural flight from Jakarta to Medan with international services commencing on 4 May. With a fleet of brand new aircraft, many more exciting destinations will be launched - making travel even more convenient and affordable for Indonesians.
Tiger Airways, in partnership with Saratoga Group, invested in Mandala Airlines in January
2012. This has enabled the re-launch of Mandala Airlines. Boasting a fleet of brand new A320 aircraft, new destinations, new management and new investors, Mandala Airlines can offer the
best of both worlds to passengers by combining uniquely-Indonesian hospitality, friendliness
and warmth, with an award-winning airline.
To celebrate this milestone, Mandala Airlines is offering airfares from Jakarta to Medan from IDR 519,900 and Jakarta to Kuala Lumpur from IDR 329,900 - one-way, all-inclusive with no fuel surcharge. Please visit www.tigerairways.comfor more details and to grab bargains to these amazing destinations.
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Booking period from 27 March - 4 April 2012

City Pair

Commencement

date of inaugural flights

Number Of

Return Services per week

One-Way Fares

(all inclusive with no fuel surcharge)

in Indonesian Rupiah

Jakarta-Medan

5 April

12

IDR 519,900.-

Jakarta-Kuala Lumpur

4 May

14

IDR 329,900.-

*Fares reflected in the above-mentioned table are limited and subject to availability

About TIGER AIRWAYS

(incorporated with limited liability in the Republic of Singapore on 1 February 2007)
Established in September 2004, Tiger Airways has a fleet of 32 Airbus A320 aircraft and is committed to increasing its fleet size to 68 by December 2015. In addition, two Airbus A319 aircraft are independently operated by SEAIR in the Philippines under a Partner Airline Programme. For more information, please visit www.tigerairways.com.

About SARATOGA GROUP

Established in 1998, Saratoga is a leading investment firm in Indonesia. Saratoga's business interests span natural resources, energy, infrastructure, telecommunication, and consumer goods.

About MANDALA AIRLINES

Relaunching operations in April 2012, Mandala Airlines will operate domestic and international flights within a 5-hour radius from Jakarta with a fleet of new A320 aircraft.

Media Contact:

Astriana M. Ekasari Phoenix Communications astriana@phoenix.co.id
T: +62 21 781 3212
F: +62 21 781 2476
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This press release was issued by Tiger Airways Holdings Limited and was initially posted at http://www.tigerairways.com/news/20120327.pdf . It was distributed, unedited and unaltered, by noodls on 2012-03-27 03:58:13 AM. The issuer is solely responsible for the accuracy of the information contained therein.