• Unsolicited, non-binding indication of interest from BGH Capital to acquire controlling interest
• Cash offer of $0.80 per Webjet share
• BGH open to existing shareholders retaining equity interest

Webjet Group Limited (ASX:WJL) has received an unsolicited, non-binding indication of interest from BGH Capital Pty Ltd (BGH) to acquire a controlling interest in the company. The BGH Proposal is for a cash offer of $0.80 per Webjet share, based on certain key assumptions. BGH has indicated that while the transaction structure remains under consideration, its intention is to seek a controlling interest in the company. BGH has also indicated it is open to some existing shareholders retaining an ongoing equity interest in the company, with the potential for ongoing access to liquidity by retaining the company's public listing, subject to appropriate tax and legal considerations. BGH has requested due diligence to assist it in formulating a binding proposal. BGH has lodged a substantial shareholder notice, outlining that it has a total relevant interest of 10.76% in Webjet's fully paid ordinary shares. The Webjet Board is assessing the BGH Proposal and has appointed UBS Securities as financial adviser and MinterEllison as legal adviser. Webjet shareholders are advised that the BGH Proposal is non-binding and there is no assurance that it will proceed in accordance with its terms or at all. Webjet shareholders do not need to take any action in relation to the BGH Proposal at this time, and the Board will update shareholders as appropriate.