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Wizz Air: Extension of CEO Service Agreement

Geneva, 10 November 2020: Wizz Air Holdings Plc ("Wizz Air" or the "Company" and, together with its subsidiaries, the "Group") announced today an agreement with József Váradi, the Group's Chief Executive Officer, in respect to a new service contract with the Group. The contract term is indefinite and the terms of his service agreement are materially the same as his existing agreement. This underlines the Board's confidence in Wizz Air's entrepreneurial leadership, agility and strength going forward under József Váradi.

Bill Franke, Chairman, commented: "József is our founding CEO. He has been a major driving force in developing Wizz Air  into a leading player in European aviation and one of the world's true ultra-low-cost carriers. We are pleased he will continue to lead the business. While aviation is globally facing the most challenging period in its history, the Wizz Air business model, strategy and cost base positions it to be a long-term structural winner in the sector."

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