• Board unanimously concludes BGH's $0.80 per share proposal materially undervalues Webjet
• Proposal involves significant uncertainty for the company and its shareholders
• Board committed to maximizing value for all Webjet shareholders

Webjet Group Limited (ASX:WJL) has announced that its Board of Directors has carefully considered the unsolicited, non-binding indication of interest from BGH to acquire a controlling interest in Webjet for $0.80 per share. After obtaining advice from its financial and legal advisers, and consulting with and considering feedback from a number of shareholders, the Board has unanimously concluded that the BGH Proposal materially undervalues Webjet and is not in the best interests of Webjet shareholders. The Board also considers that the BGH Proposal involves significant uncertainty for the Company and its shareholders, including in relation to its structure and proposed conditions. For these reasons, the Board has not granted BGH access to due diligence and has rejected the BGH Proposal. The Board remains committed to maximizing value for all Webjet shareholders and will carefully consider any acquisition proposal that is consistent with this objective.