Fastjet Plc announced a proposed capital raising to raise gross proceeds of not less than USD 10 million comprising: a placing by way of an accelerated book build to raise gross proceeds of not less than USD 7 million at a placing price of 8 pence per new ordinary share; and a subscription by Solenta Aviation Holdings Limited, who has agreed to subscribe for 28,924,538 shares at the Placing Price (Solenta Subscription Shares) for gross proceeds of USD 3 million ("Solenta Subscription"). In addition to Solenta, as Fastjet's largest shareholder, supporting the Capital Raising, it is intended that Mark Hurst, currently CEO of Solenta Aviation, will join the board of Fastjet from 2 July 2018. Mr. Hurst will be appointed as a Non-Executive Director and will be working closely with CEO, Nico Bezuidenhout on an ongoing basis. Mr. Hurst will also be responsible for the country management of the Group's Zimbabwe and Mozambique operations. Mr. Hurst has significant aviation experience with particular expertise in fleet management, aircraft sourcing, operating and leasing, as well as the development and implementation of operational efficiencies throughout the aviation value chain. He is highly regarded in the African aerospace sector for his operational track record, his ability to drive strategic initiatives in challenging environments and his value and supply chain management. Having been born and lived in Zimbabwe for twenty eight years, he has extensive country knowledge and additionally drove the development of Solenta Aviation Mozambique. Mr. Hurst will continue to serve in his current role within the Solenta Aviation group as Group Chief Executive, whilst supporting Mr. Bezuidenhout and his team with operational and strategic input.