Wizz Air Holdings: Share Conversion Notice

Geneva, 6 February 2020: Wizz Air Holdings plc ("Wizz Air" or the "Company") has been informed that Indigo Hungary LP and Indigo Maple Hill, L.P. (together "Indigo") have elected to convert 9,560,406 and 2,892,894 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 March 2020. The effect of the Conversion will be to increase the number of Ordinary Shares in issue from 72,941,840 to 85,395,140.  Each Ordinary Share carries one voting right per Ordinary Share.  The Convertible Shares do not carry voting rights, save in very limited circumstances.

The Company will release a total voting rights and share capital announcement on 3 March 2020 reflecting the Conversion.  The share restrictions announced on 17 April 2018 remain in place during this Conversion process and the Board will revisit the need for these restrictions after the Conversion date.

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.