Jagson Airlines Ltd., Board Meeting, May 15, 2013. Agenda: To consider quarterly results.

Jagson Airlines Ltd. reported unaudited earnings results for the third quarter and nine months ended December 31, 2012. For the quarter, the company reported loss from operations before other income, finance costs and exceptional items of INR 6.089 million compared to INR 102.274 million a year ago. Profit from ordinary activities before tax and after tax was INR 3.905 million compared to INR 92.526 million a year ago. Net loss was INR 3.905 million or INR 0.19 per diluted share after extraordinary items compared to INR 58.9 million or INR 10.26 per diluted share after extraordinary items a year ago. For nine months, the company reported loss from operations before other income, finance costs and exceptional items of INR 15.223 million compared to INR 131.335 million a year ago. Profit from ordinary activities before tax and after tax was INR 11.736 million compared to INR 58.488 million a year ago. Net loss was INR 11.736 million or INR 0.58 per diluted share after extraordinary items compared to INR 23.456 million a year ago.

Jagson Airlines Ltd., Board Meeting, Feb 15, 2013. Agenda: To approve unaudited earnings results for the third quarter and nine months ended December 31, 2012.