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CHC Group Ltd. Commences Initial Public Offering of Its Ordinary Shares

NEW YORK, NEW YORK -- (Marketwired) -- 01/06/14 -- CHC Group Ltd., the parent company of CHC Helicopter S.A., today announced that it has commenced an initial public offering of 29,412,000 of its ordinary shares, all of which will be offered by the company.

The IPO price is currently expected to be between $16 and $18 per share. To the extent that the underwriters sell more than the allotted ordinary shares, the underwriters will have the option to purchase up to an additional 4,411,800 ordinary shares from the company at the IPO price, less underwriting discounts.

The ordinary shares have been approved for listing on the New York Stock Exchange and, subject to the completion of the offering and compliance with certain conditions, will be traded under the symbol "HELI." CHC expects to use the proceeds to repay certain CHC Helicopter debt and for general corporate purposes.

J.P. Morgan, Barclays and UBS Investment Bank are serving as the joint book-running managers for the offering. The co-managers are HSBC; RBC Capital Markets; Wells Fargo Securities; BNP Paribas; Standard Bank; Comark Securities (USA) Limited; Cowen and Company; Raymond James; Simmons & Company International; and Tudor, Pickering, Holt & Co.

The offering will be made only by means of a prospectus. A preliminary prospectus for the offering, when available, may be obtained from:


J.P. Morgan
c/o Broadridge Financial Solutions
1155 Long Island Ave.
Edgewood, NY 11717
1 866-803-9204

Barclays
c/o Broadridge Financial Solutions
1155 Long Island Ave.
Edgewood, NY 11717
1 888-603-5847
[email protected].

UBS Investment Bank
Attn: Prospectus Dept.
299 Park Ave.
New York, NY 10171
1 888-827-7275

A registration statement relating to these securities has been filed with the U.S. Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. The registration statement on Form S-1 may be accessed through the SEC's website at www.sec.gov.

This news release is for informational purposes only and does not constitute an offer to sell or the solicitation of an offer to buy, nor will there be any sale of these securities in any state in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state.

About CHC Group Ltd.

CHC Group Ltd. is a commercial operator of helicopters focused on enabling customers to go further, do more and come home safely. CHC provides helicopter flight services to oil and gas companies and government search-and-rescue agencies, and helicopter maintenance, repair and overhaul services to organizations through the Heli-One segment. The company operates 238 aircraft in about 30 countries around the world.

Cautionary Note on Forward-Looking Statements:

This announcement contains forward-looking statements, including statements relating to CHC Group Ltd.'s expectations regarding the completion and timing of the proposed initial public offering. These statements are subject to significant risks and uncertainties, and actual results could differ materially from those projected. These risks and uncertainties include, without limitation, risks and uncertainties related to market conditions and satisfaction of customary closing conditions related to the proposed offering. There can be no assurance that CHC Group will be able to complete an initial public offering. Additional risks and uncertainties relating to CHC Group and its business can be found in the "Risk Factors" section of the prospectus related to the proposed offering, contained in the registration statement filed with the SEC. CHC Group undertakes no duty or obligation to update any forward-looking statements contained in this release as a result of new information, future events or changes in CHC Group's expectations.

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