Skywest Airlines Ltd : Dealings Disclosure

Centourus Copìtol Ltd

Floor 16, 33 Covendo$1 Squore london WIG OPW r..l; •44 10120 7851 3 01' • Fox [phone] www.centourus-copolol.com

13 March 2013

To: (1) Skywest Airltnes Ltd

510 Thompson Road
#12-04 SLF Building

Singapore 298135

Attn: Mr Jeff Chatfield
Fax: [phone]
(2) Securities lndustry Council
1O Shenton Way #25-00
MAS Building

Singapore 079117

Attn: Mr Danrel Teo
Fax no (65) 6225 1350

Dear Sirs,

DEALINGS DISCLOSURE PURSUANT TO RULE 12.1 OF THE SINGAPORE CODE ON TAKE-OVERS ANO MERGERS (THE "CODE")

Pursuant to Rule 12.1 of the Code. we hereby enclose a disclosure of dealings 1n shares m the cap1tal of Skywest Airlines Ltd (the "Company") and m shares in the cap1tal of Virgin Australia Holdings Ltd. (the "Offeror"), respectively, by Centaurus Capitai LP, a related entity of Centaurus Global Holding Limited, on
12 March 2013 for your attention

We would be grateful if the Company can assist in releasing this notification on the Australtan Stock
Exchange and the London Stock Exchange by 12 noon Singapore tìme on 13 March 2013

Please do not hesitate to contact Paul Leary at +44 (O) 20 7852 3830 1f you have any queries.

Yours fa1thfully,
For and on behalf of

Centaurus Global Holding Limited

Paul Leary
Authonsed to sign on behalf of Centaurus Global Holding Limited

RegoSieted •n E'nglond ond Woles No 397·l:? • ... touru5 Copotol, GenerolPar'net ol Cenlourus Capotai. LP Authon5ed ond RegulaotJd by tho Flnoncial Servic.e Aothonty

Cenlaurus Capitai ltd

Floor 1 6, 33 Co-end•sh Square, london WlG OPW

Tel: [phone] • Fax

www centourus-cap•tal com

+ 44 (0120 7852 3850

13 March 2013

Skywest Airlines Ltd

510 Thompson Road

#12-04 SLF Building

Singapore 298135

By Email and Fax

(Email : jason [e-mail] sg)

Attention Mr Jeff Chatfield

Executtve Chairman

Fax: [phone]

Dear Sirs,

PROPOSED ACQUISITION BY VIRGIN AUSTRALIA HOLDINGS LTD (THE "OFFEROR") OF ALL THE ISSUED SHARES IN THE CAPITAL OF SKYWEST AIRLINES LTD (THE "COMPANY") BY WAY OF A SCHEME OF ARRANGEMENT

- DEALINGS DISCLOSURE

1. lntroduction

Centaurus Global Holdtng Limited ("Centaurus") refers to the announcements made on 30

October 2012, 6 December 2012, 31 January 2013, 22 February 2013 and 26 February 2013 by the Company and the Offeror m relatton to the Offeror's proposed acqutsttion of ali the issued shares ("Skywest Shares") in the capitai of the Company by way of a scheme of arrangement under SectiOn 21O of the Companies Act (Chapter 50) of Singapore.

2. Dealings in Skywest Shares

Pursuant to Rule 12.1 of The Singapore Code on Take-overs and Mergers, Centaurus hereby

gtves notice of the following dealtngs in Skywest Shares by Centaurus Capttal LP 1

a related

entity of Centaurus, for the account of funds managed by Centaurus Capitai LP, on 12 March

2013.

Date ofsale 12 March 2013

Total number of Skywest Shares 300,0002

sold

Percentage of total number of

Skywest Shares in issue3

o 14%

Price paid per Skywest Share

(excluding brokerage

AUDO 44

1 Centaurus is the sole shareholder of Centaurus Capitai Limited. the generai partner of Centaurus CapitaiLP. Centaurus is in tum wholly-owned by Bernard Oppetlt.

2 The securities sold are Chess Depositary lnterests listed on the Australian Stock Exchange.

3 References in this letter to the total number of Skywest Shares in tssue are based on 213,040,000 Skywest

Shares 1n the share cap1tal of the Company

lleglslered In Englond and Wob No 3976642	• CeniOUIII$	Capitai Genetol Partner cl Cenlaurus Capitol LP
	Authonsed and Reguloted by the Fonanoal SeMce Authonty		'

Centaurus Capttal Ltd

Floor 16, 33 Cavendish Squore, london WIG OPW Tel. +dd 10120 1852 3800 • Fax +4d 10120 7852 3850

www centourus'COp•la com

commission, clearing fees and applicable tax)

Resultant total number of Skywest Shares owned or controlled by Centaurus Capitai

LP

17,398,2204

Resultant total percentage of 8.17%

total number of Skywest Shares in issue owned or controlled by Centaurus Capitai LP

3. Aggregate Holding of the Centaurus Group in the Company

Takìng into account the dealing referred to above, as at 13 March 2013, deta1ls of securìtles of the Company owned or controlled by Centaurus and 1ts related ent1tìes are as follows.

Name of entity Number of

Securities

Percentage of total number of Skywest Shares in issue5

Other Particulars

Centaurus

Cap1tal LP

17,398,220 8.17% Skywest Shares are owned by funds

under the diseretionary management of

Centaurus Capitai LP

Centaurus

Capitai LP

Contracts for D1fference ("CFDs") relating to

340,000

Skywest Shares

0.16% CFDs are held by funds under the

discretìonary

management of

Centaurus Capitai LP

Total: 17,738,220 8.33%

4. Dealings in Shares in the Capitai of the Offeror

Pursuant to Rule 12.1 of The Singapore Code on Take-overs and Mergers, Centaurus hereby g1ves notice of the followmg deahngs 1n the 1ssued shares ("Offeror Shares") ìn the capitai of the Offeror by Centaurus Capitai LP a related entìty of Centaurus. for the account of funds managed by Centaurus Capitai LP, on 12 March 2013.

Date of purchase 12 March 2013

Total number of Offeror Shares 159,000 purchased

4 These interests are held through Chess Depositary lnterests listed on the Australian Stock Exchange in respect of 17,398,220 Skywest Shares

5 Any discrepancies in the percentages listed and the totals thereof are due to roundtng.

2

llegm England ond Wales No. 3976642 • Cn · _opilol,Generai Parlnef al c:e.-.:ourus Captai LP

Au!hotised ond llegclated by lhe Ftnoncial SeMce AoAhorily

'

Centaurus Capitai Ltd

Floor 16. 33 Cav.ond.-h $Quore, london WlG Of1VV Tel. o44 (0,.10 7852 3800 • fax [phone] www centourus'(;apllol com

Percentage of total number of

Offeror Shares in issue6

0006%

Price paid per Offeror Share (excluding brokerage commission,clearing fees and applicable tax)

AUDO 413

Resultant total number of Offeror Shares owned or controlled by Centaurus Capitai LP

Nil

Resultant total percentage of Nil total number of Offeror Shares

in issue owned or controlled by

Centaurus CapitaiLP

Note: None of the funds managed by Centaurus Cap1tal LP hold any Offeror Shares. Centaurus Capitai LP utilìsed the Offeror Shares which were purchased pursuant to the transactton described above, to sattsfy part of secunttes loans from a thtrd party secunties lender who had lent Offeror Shares to the various funds managed by Centaurus Capttal LP, for the purposes of covering prior short sales.

5. Aggregate Holding of the Centaurus Group in the Offeror

Taktng 1nto account the dealing referred to above, as at 13 March 2013 details of the Offeror

Shares owned or controlled by Centaurus and its related entittes are as follows:

Name of entity Number of

Offeror Shares

Percentage of total number of Offeror Shares in issue7

Centaurus

Cap1tal LP

Nil Nil

Yours faithfully,

For and on behalf of

Centaurus Global Holding Limited

Paul Leary

Authorìsed to sìgn on behalf of Centaurus Global Holding L1m1ted

6 References m this letter to the total number of Offeror Shares 1n issue are based on 2,455,774,902 Offeror

Shares in the share cap1tal of the Offeror

7 Any d1screpanetes in the percentages listed and the totals thereof are due to rounding.

3

•

and Repuot od