ANNOUNCEMENT ON PERCENTAGE OF FOREIGN SHAREHOLDING AS AT 28 MAY 2008

ANNOUNCEMENT ON PERCENTAGE OF FOREIGN SHAREHOLDING AS AT 28 MAY 2008
AirAsia Berhad ("AirAsia" or "the Company") wishes to announce for public
information that as at 28 May 2008, 47.87% of the issued and paid-up share
capital of the Company were held by foreigners.

The percentage of ownership of shares in the Company by foreigners has exceeded
the higher of the aggregate limit of 45% of the Company's total issued and
paid-up share capital in respect of ownership of shares in the Company by
foreigners ("Prescribed Limit") by 2.87%.

Pursuant to the Securities Industry (Central Depositories) (Foreign Ownership)
Regulations 1996, shares held by foreigners which are within the Prescribed
Limit shall be entitled to all rights and entitlements attached to the shares.
However, shares held by foreigners which have exceeded the Prescribed Limit
shall only be entitled to such rights, benefits,powers and privileges except
for the voting rights in respect thereof.

This announcement is dated 30 May 2008.


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