Wizz Air Holdings Plc Share Conversion

Geneva, 27 June 2017: Wizz Air Holdings Plc ("Wizz Air" or the "Company") announces that Indigo Hungary LP and Indigo Maple Hill, L.P. (together "Indigo") have elected to convert 11,515,509 and 3,484,491 convertible shares of £0.0001 each in the capital of the Company ("Convertible Shares") into ordinary shares of £0.0001 each in the capital of the Company ("Ordinary Shares"), respectively, in accordance with the Company's articles of association (the "Conversion").

The Conversion will take effect on 3 July 2017. The effect of the Conversion will be to increase the number of Ordinary Shares in issue from 57,477,671 to 72,477,671 and to reduce the number of Convertible Shares in issue from 44,830,503 to 29,830,503.

The Company will release a total voting rights and share capital announcement in due course reflecting the Conversion.

Applications will be made for admission of the Ordinary Shares resulting from the Conversion to the premium segment of the Official List of the Financial Conduct Authority and to trading on the main market of the London Stock Exchange. A further announcement in this regard will be made in due course.