Disclosure of Director and Senior Mngrs Relevant Interests

Ongoing Disclosure Notice Disclosure of Directors and Senior Managers Relevant Interests Sections 297(2) and 298(2), Financial Markets Conduct Act 2013 To NZX Limited; and Name of listed issuer: Air New Zealand Date this disclosure made: 25-Sep-18 Date of last disclosure: 24-Sep-18 Director or senior manager giving disclosure Full name(s): Cam Wallace Name of listed issuer: Air New Zealand Name of related body corporate (if applicable): Position held in listed issuer: Chief Revenue Officer Summary of acquisition or disposal of relevant interest (excluding specified derivatives) Class of affected quoted financial products: Ordinary Shares (NZX:AIR) Nature of the affected relevant interest(s): Registered holder: beneficial owner For that relevant interest- Number held in class before acquisition or disposal: 473,798 Number held in class after acquisition or disposal: 223,798 Current registered holder(s): Cam Wallace Registered holder(s) once transfers are registered: Cam Wallace Details of transactions giving rise to acquisition or disposal Total number of transactions to which notice relates: 3 Details of transactions requiring disclosure Date of transaction: 17-Sep, 21-Sep & 24-Sep-2018 Nature of transaction: On-market trade (sale of shares) Name of any other party or parties to the transaction (if known): The consideration, expressed in New Zealand dollars, paid or received for the acquisition or disposal. If the consideration was not in cash and cannot be readily by converted into a cash value, describe the consideration: $788,373.96 Number of financial products to which the transaction related: 250,000 If the issuer has a financial products trading policy that prohibits directors or senior managers from trading during any period without written clearance (a closed period) include the following details-- Whether relevant interests were acquired or disposed of during a closed period: No Whether prior written clearance was provided to allow the acquisition or disposal to proceed during the closed period: Not applicable Date of the prior written clearance (if any): Not applicable Summary of other relevant interests after acquisition or disposal Class of affected quoted financial products: Rights convertible to Ordinary Shares ("Rights") Nature of the affected relevant interest(s): Power to acquire Ordinary Shares in accordance with the terms of the Rights For that relevant interest- Number held in class: 503,961 Registered holder(s) once transfers are registered: Cam Wallace Certification I certify that, to the best of my knowledge and belief, the information contained in this disclosure is correct and that I am duly authorised to make this disclosure by all persons for whom it is made. Signature of person authorised to sign on behalf of director or officer: Date of signature: 25-Sep-18 Name and title of authorised person: Felicity Cammock Employee Benefits Manager Ongoing Disclosure Notice Disclosure of Directors and Senior Managers Relevant Interests Sections 297(2) and 298(2), Financial Markets Conduct Act 2013 To NZX Limited; and Name of listed issuer: Air New Zealand Date this disclosure made: 25-Sep-18 Date of last disclosure: 24-Sep-18 Director or senior manager giving disclosure Full name(s): Bruce Parton Name of listed issuer: Air New Zealand Name of related body corporate (if applicable): Position held in listed issuer: Chief Operations Officer Summary of acquisition or disposal of relevant interest (excluding specified derivatives) Class of affected quoted financial products: Ordinary Shares (NZX:AIR) Nature of the affected relevant interest(s): Registered holder: beneficial owner For that relevant interest- Number held in class before acquisition or disposal: 336,396 Number held in class after acquisition or disposal: 98,046 Current registered holder(s): Bruce Parton Registered holder(s) once transfers are registered: Bruce Parton Details of transactions giving rise to acquisition or disposal Total number of transactions to which notice relates: 1 Details of transactions requiring disclosure Date of transaction: 21-Sep-18 Nature of transaction: On-market trade (sale of shares) Name of any other party or parties to the transaction (if known): The consideration, expressed in New Zealand dollars, paid or received for the acquisition or disposal. If the consideration was not in cash and cannot be readily by converted into a cash value, describe the consideration: $748,242.62 Number of financial products to which the transaction related: 238,350 If the issuer has a financial products trading policy that prohibits directors or senior managers from trading during any period without written clearance (a closed period) include the following details-- Whether relevant interests were acquired or disposed of during a closed period: No Whether prior written clearance was provided to allow the acquisition or disposal to proceed during the closed period: Not applicable Date of the prior written clearance (if any): Not applicable Summary of other relevant interests after acquisition or disposal Class of affected quoted financial products: Rights convertible to Ordinary Shares ("Rights") Nature of the affected relevant interest(s): Power to acquire Ordinary Shares in accordance with the terms of the Rights For that relevant interest- Number held in class: 532,174 Registered holder(s) once transfers are registered: Bruce Parton Certification I certify that, to the best of my knowledge and belief, the information contained in this disclosure is correct and that I am duly authorised to make this disclosure by all persons for whom it is made. Signature of person authorised to sign on behalf of director or officer: Date of signature: 25-Sep-18 Name and title of authorised person: Felicity Cammock Employee Benefits Manager Ongoing Disclosure Notice Disclosure of Directors and Senior Managers Relevant Interests Sections 297(2) and 298(2), Financial Markets Conduct Act 2013 To NZX Limited; and Name of listed issuer: Air New Zealand Date this disclosure made: 25-Sep-18 Date of last disclosure: 24-Sep-18 Director or senior manager giving disclosure Full name(s): Mike Tod Name of listed issuer: Air New Zealand Name of related body corporate (if applicable): Position held in listed issuer: Chief Marketing & Customer Officer Summary of acquisition or disposal of relevant interest (excluding specified derivatives) Class of affected quoted financial products: Ordinary Shares (NZX:AIR) Nature of the affected relevant interest(s): Registered holder: beneficial owner For that relevant interest- Number held in class before acquisition or disposal: 285,295 Number held in class after acquisition or disposal: 105,295 Current registered holder(s): Mike Tod Registered holder(s) once transfers are registered: Mike Tod Details of transactions giving rise to acquisition or disposal Total number of transactions to which notice relates: 1 Details of transactions requiring disclosure Date of transaction: 21-Sep-18 Nature of transaction: On-market trade (sale of shares) Name of any other party or parties to the transaction (if known): The consideration, expressed in New Zealand dollars, paid or received for the acquisition or disposal. If the consideration was not in cash and cannot be readily by converted into a cash value, describe the consideration: $565,066.80 Number of financial products to which the transaction related: 180,000 If the issuer has a financial products trading policy that prohibits directors or senior managers from trading during any period without written clearance (a closed period) include the following details-- Whether relevant interests were acquired or disposed of during a closed period: No Whether prior written clearance was provided to allow the acquisition or disposal to proceed during the closed period: Not applicable Date of the prior written clearance (if any): Not applicable Summary of other relevant interests after acquisition or disposal Class of affected quoted financial products: Rights convertible to Ordinary Shares ("Rights") Nature of the affected relevant interest(s): Power to acquire Ordinary Shares in accordance with the terms of the Rights For that relevant interest- Number held in class: 369,952 Registered holder(s) once transfers are registered: Mike Tod Certification I certify that, to the best of my knowledge and belief, the information contained in this disclosure is correct and that I am duly authorised to make this disclosure by all persons for whom it is made. Signature of person authorised to sign on behalf of director or officer: Date of signature: 25-Sep-18 Name and title of authorised person: Felicity Cammock Employee Benefits Manager End CA:00324369 For:AIR Type:ADMIN Time:2018-09-25 15:10:44