PHI Group Announces Confidential Submission of Draft Registration Statement

PHI Group, Inc. (the “Company”), a leading provider of flight services for the global oil and gas exploration and production industry and the air medical industry, announced today that it has confidentially submitted a draft registration statement on Form S-1 with the Securities and Exchange Commission (the “SEC”) relating to the Company’s securities. The initial public offering is subject to on-going evaluation of various strategic alternatives and market conditions and, if pursued, would only be commenced after the SEC completes its review process.

This press release is being made pursuant to, and in accordance with, Rule 135 under the Securities Act of 1933, as amended, and does not constitute an offer to sell or the solicitation of an offer to buy any securities, and shall not constitute an offer, solicitation or sale in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of that jurisdiction.

About PHI Group, Inc.

PHI Group, Inc. is a leading provider of flight services for the global oil & gas exploration and production industry and the air medical industry. PHI’s fleet of mission-specific aircraft provide safe and reliable transportation of personnel to, from and among offshore platforms for oil & gas customers, as well air medical transportation for patients to hospitals and other treatment centers. With a nearly 75 year history, PHI’s footprint spans the globe, with operations in the US and major international markets, including Australia, Canada, Trinidad, New Zealand, the Philippines, West Africa and the Mediterranean.

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