New Revolving Credit Facility

19 October 2022

Jet2 plc ("Jet2", the "Group" or the "Company")

New Revolving Credit Facility

Jet2 plc is pleased to announce that it has entered into a new Revolving Credit Facility ("RCF") with Barclays Bank plc; Lloyds Bank plc; HSBC UK Bank plc and National Westminster Bank plc.

The RCF which is unsecured, provides the Group with available facilities of up to £300m, which is an increase on its previous RCF of £100m.

The Board has also considered the Group's current liquidity position and medium term liquidity requirements and consequently has repaid in full the Group's short term loan facility of £150m which was due to mature in September 2023, with the new RCF remaining undrawn.

Jet2 plc's Executive Chairman Philip Meeson said:

"We are delighted to build on our existing relationship with Barclays Bank plc, Lloyds Bank plc and HSBC UK Bank plc and to welcome National Westminster Bank plc as a key financing partner of the Group. The increase in the RCF reflects the considerable growth of the Jet2 business and will also provide the Group with additional financial flexibility for the future.

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Certain information contained in this announcement would have been deemed inside information as stipulated under the UK version of the EU Market Abuse Regulation (2014/596) which is part of UK law by virtue of the European Union (Withdrawal) Act 2018, as amended and supplemented from time to time, until the release of this announcement.