Disclosure of Director and Senior Mngr 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: Date this disclosure made: Date of last disclosure: Director or senior inaria er ivin disclosure Full name: Name of listed issuer: Name of related bod cor orate if a Iicable Position held in listed issuer: Summa of ac uisition or dis OSal of relevant interest (excludin s ecified derivatives) Class of affected quoted financial products: Nature of the affected relevant interest(s): For that relevant interest- Number held in class before acquisition or disposal: Number held in class after acquisition or disposal: Current registered holder(s): Registered holder(s) once transfers are registered: Details of transactions ivin rise to ac uisition or disposal Total number of transactions to which notice relates: Details of transactions re urnn disclosure Date of transaction: Nature of transaction: Name of an other pa 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: Number of financial products to which the transaction related: 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 ac uired or dis OSed of durin a closed period: Whether prior written clearance was provided to allow the acquisition or disposal to proceed during the closed period: Date of the prior written clearance (if any): Air New Zealand 19-Oct-18 3-May-17 Darne Therese Walsh Air New Zealand 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. Director Ordinary Shares (NZX:AIR) Registered holder beneficial owner Signature of person authorised to sign on behalf of director or officer: Date of signature: 45,000 ordinary shares 65,000 ordinary shares Therese Maria Walsh David James Walsh Name and title of authorised person: 17-Oct-18 Purchase of Ordinary Shares $56,600.00 20,000 Ordinary Shares No not applicable not applicable 19-Oct-18 Karen Clayton General Counsel & Company Secretary End CA:00325571 For:AIR Type:SHINTR Time:2018-10-19 12:49:19