COMPANY STATEMENT

Singapore 28 July 2011: Tiger Airways Holdings Limited provides the following update with regards

to its wholly-owned subsidiary, Tiger Airways Australia Pty Limited (“Tiger Airways Australia”).

As background, on 1 July 2011 the Civil Aviation Safety Authority of Australia (“CASA”) suspended Tiger Airways Australia’s domestic services. Tiger Airways Australia and CASA have been working constructively to address the concerns raised by CASA since this date.

CASA has today issued Tiger Airways Australia with a set of formal conditions that the airline must comply with, some of which must be satisfied prior to the reintroduction of their domestic flights. As a result of the progress made since 1 July 2011, Tiger Airways Australia is confident that it can comply with these conditions and expects to resume services in the near future.

As a consequence, Tiger Airways Australia will automatically refund all passengers booked to fly between 1 August 2011 and 4 August 2011 (both dates inclusive). A further announcement, concerning flights scheduled to operate from 5 August 2011 and the re-commencement of sales, will be made at the appropriate time.