Wizz Air Holdings Plc

Wizz Air Omnibus Plan Award Grants

Geneva, 5 September 2024 - Wizz Air Holdings Plc ("Wizz Air" or the "Company"), one of the most sustainable European airlines, announces the amendment of awards under the Omnibus Share Plan ("Omnibus Plan") to a person discharging management responsibilities ("PDMR").

On 30 July 2024, following approval by the Company's remuneration committee, Wizz Air made the following amendment to a SLGP Award granted on 21 September 2023 under the Omnibus Plan as Senior Leadership Growth Plan awards:

-     Reducing the number of ordinary shares under SLGP Award of Silvia Mosquera by 2,376 due to position change. The new total number of shares under the award of the PDMR is 11,879.

The SLGP Awards, which are one-off awards, will be subject to the following performance conditions:

100% of an SLGP Award will vest if the Company's share price is £119.34 (the "Share Price Target") at the end of the Performance Period[1]. The threshold for an SLGP Award to vest is a Company share price of£77.24 under which 0% of the SLGP Award vests with straight line vesting in between these two points. If prior to the end of the Performance Period, the Share Price Target is met or exceeded over any two consecutive quarters, based on the VWAP over that period, then, subject to the Omnibus Plan rues, the SLGP Award will vest in full on the normal vesting date. 

If exercised, then the underlying shares of the vested options will be issued at nil cost to the option holders. No amounts have been paid by the relevant PDMRs for the grant of these options.

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