The defence of easyJet was served on 10 October 2008 - email from Stelios to the easyJet chairman
posted: Oct 15, 2008

14 October , 2008

Dear Sir Colin,

As you know the defence of easyJet was served on 10 October 2008 and I presume filed with the Court on the same day.

The purpose of this email is to revisit the statement I made in my press release on the day the proceedings were issued (15 August, 2008) which I repeat for ease of reference:

"Given my obvious conflict I have suggested to the board of directors of both companies that we should all agree not to trade in the easyJet stock until this is resolved."

Given that this offer was not accepted, in fact it was not even acknowledged by the other directors of easyJet, and given that the facts of the case are now in the public domain, I think its best that this offer is now withdrawn.

Needless to say the normal laws about acting whilst in possession of inside information will always apply anyway.

I still believe that a speedy judgement on this case remains the fairest way to deal with this issue for the sake of all stakeholders in the easy brand.

This statement will be posted on our website www.easy.com tomorrow morning in the interest of full disclosure.

Regards

Stelios