WOW air hf. – Successful result from the written procedure

ISIN: NO0010832785 – Senior Floating Rate Bonds with an aggregate outstanding amount of USD 60,000,000.

Terms defined in the terms and conditions of the abovementioned bond issue (the "Terms and Conditions") shall have the same meaning when used in this notice, unless otherwise defined herein.

On 14 December 2018, a notice of written procedure (the "Notice of Written Procedure") was sent to the Bondholders regarding a Request (as defined in the Notice of Written Procedure) for amendments of the Terms and Conditions. The voting period expired on 17 January 2019. A sufficient number of votes has been obtained in order to form a quorum and a requisite majority of the Bondholders have given their consent to the Request. It is therefore resolved that the Request has been approved.

For more information, please visit WOW’s website at https://wowair.is/investors or contact:

Svanhvit Fridriksdottir, SVP Communications

Mail: svana@wow.is | Tel: +354 6959359

This information is information that WOW air hf. is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, at 11:30 GMT on January 18, 2019.

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