Written procedure cancelled

As announced in a press release dated 29 November 2018 the acquisition of Icelandair Group of WOW air (The “Acquisition”), based on a purchase agreement signed on November 5th, has been cancelled. The share purchase agreement contained certain conditions for the completion of the acquisition, including that certain amendments and waivers should be made in relation to the terms and conditions for the Company's up to EUR 100,000,000 Senior Secured Floating Rate Bonds 2018/2021 with ISIN: NO0010832785 (the "Bonds"). On the 9th of November WOW air initiated a written procedure where bondholders were requested to approve to the amendments to the terms and conditions of the Bonds.

Whereas the Acquisition has been cancelled WOW air has cancelled the written procedure. Already received votes are considered null and void.

For more information, please visit WOW’s website at https://wowair.is/investors or contact:
Svanhvit Fridriksdottir, VP 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 14:30 GMT on November 30, 2018.

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