CHC Group (NYSE:HELI; the “Company”), the parent company of CHC Helicopter, today announced that on August 28, 2015, the Company was notified by the New York Stock Exchange (“NYSE”) that the Company is not in compliance with the NYSE’s continued listing standards as the Company failed to maintain an average global MARKET capitalization greater than $50 million over a 30 trading-day period and stockholders’ equity greater than $50 million, each as calculated by the NYSE. The NYSE notification has no impact on the Company’s business operations.

In accordance with NYSE procedures, the Company intends to notify the NYSE that it will submit a plan within 45 days from receipt of the NYSE notice that demonstrates how the Company intends to regain compliance with the listing standards within 18 months. Upon receipt of the plan, the NYSE has 45 days to review and determine whether the Company has made a reasonable demonstration of its ability to come into conformity with the relevant standards within the 18-month period. The NYSE will either accept the plan, at which time the Company will be subject to quarterly monitoring for compliance with this plan, or the NYSE will not accept the plan and can commence suspension and delisting proceedings of the Company’s ordinary shares.

As previously reported, the Company received an earlier notice from the NYSE that the Company is not in compliance with another NYSE continued listing standard because the average closing price of the Company’s ordinary shares was less than $1.00 per share over a 30 trading-day period. The Company responded to the NYSE on August 4, 2015 that it intends to cure this non-compliance before the expiration of the six month cure period, or January 23, 2016.

The NYSE notifications do not affect the Company’s Securities and Exchange Commission reporting requirements. The Company’s ordinary shares will continue to be listed and traded on the NYSE during the applicable cure periods, subject to the Company’s compliance with the NYSE’s other applicable continued listing standards, under the symbol “HELI,” but will be assigned a “.BC” indicator by the NYSE to signify that the Company is below compliance with the NYSE’s continued listing standards. In the event that the Company fails to regain compliance with the continued listing standards by the expiration of the applicable cure period, or the NYSE determines the Company has not made sufficient progress consistent with its plan, the NYSE will commence suspension and delisting procedures with respect to the Company’s ordinary shares.

ABOUT CHC

CHC Helicopter is a leader in enabling customers to go further, do more and come home safely, including oil and gas companies, government search-and-rescue agencies and organizations requiring helicopter maintenance, repair and overhaul services through the Heli-One segment. The company has a fleet of more than 230 aircraft and operates in more than 20 countries around the world.