Westjet Arrangement Agreement

Maria Souza

A copy of the company management information circular dated June 19, 2019 (the “circular”) and meeting material was sent to the security holder and is also protected via SEDAR under www.sedar.com, on WestJet`s website at www.westjet.com or by email to the Laurel Hill Advisory Group at 1-877-452-7184 or by email [e-mail]. The May 12 agreement between WestJet and Onex provides for the acquisition of all issued and outstanding WestJet shares at a price of $31.00 per share in cash. For more details on the terms of the transaction, the agreement agreement that will be submitted publicly by WestJet under its profile www.sedar.com. Further information on the terms and conditions of the agreement and the context of the transaction is provided in the information circular for the special meeting of shareholders. At the meeting, security holders will be invited to vote on a special resolution authorizing an agreement under the Business Corporations Act with WestJet, buyer Kestrel Bidco Inc. (a subsidiary of Onex) and Securityholders. Subscribe to WestJet on YouTube for youtube.com/westjet The consideration of $31.00 in cash per share (with other than Rollover security holders, since this term is defined in accordance with the agreement) is all cash that offers immediate value and cash to shareholders. Each of WestJet`s directors and senior executives entered into a voting support agreement under which each has committed to vote in favour of the transaction. For more information: WestJet Investor Relations: 1-877-493-7853, e-mail: [email protected]; WestJet Media Relations: 1-888-WJ-4-NEWS (1-888-954-6397), Email: [email protected], Website: www.westjet.com Accordance with the terms of the agreement, the Company is authorized to pay its regular quarterly cash dividends, no more than $0.14 per share, in accordance with the company`s current practice, until the agreement is concluded. CALGARY, May 13, 2019 /CNW/ – WestJet Airlines Ltd.

(“WestJet”) (TSX: WJA) announced today that it has entered into a definitive agreement to acquire a cash transaction.