Fraport AG Frankfurt Airport Services Worldwide

euro adhoc: Fraport AG Frankfurt Airport Services Worldwide
Fraport AG receives EUR 41.9 million under German investment guarantee program for its Manila investments

-------------------------------------------------------------------------------- Disclosure announcement transmitted by euro adhoc. The issuer is responsible for the content of this announcement. -------------------------------------------------------------------------------- 16.04.2008 The German government agreed today (April 16, 2008) to pay Fraport AG EUR 41.9 million under the federal government´s investment guarantee for capital investments outside Germany. Fraport AG had concluded such a guarantee contract as protection against political risks for its equity investment made in the Manila project. The amount can be increased, when specific requirements are met, by a further EUR 3.9 million - and is being made with a conditional payback provision, oriented on the outcome of the legal proceedings. Furthermore, the payment is subject to Fraport AG´s acceptance of payout conditions. This payment is expected to occur in three months. The impact of this payment on Fraport AG´s financial results is currently being examined. In addition to this payment, Fraport AG is pursuing further claims that are not covered by the federal government´s investment guarantee. Fraport AG and the joint-venture company in the Philippines are pursuing their compensation claims against the Philippine government at national and international courts. Fraport AG already made a complete write-down on its financial investment in the Manila terminal project in fiscal years 2001 and 2002, and received a first payment of approximately EUR 27 million in 2006. end of announcement euro adhoc -------------------------------------------------------------------------------- ots Originaltext: Fraport AG Frankfurt Airport Services Worldwide Im Internet recherchierbar: Further inquiry note: Stefan J. Rüter Telefon: +49(0)69 690-74840 E-Mail: Branche: Transport ISIN: DE0005773303 WKN: 577330 Index: Midcap Market Index, MDAX, CDAX, Classic All Share, HDAX, Prime All Share Börsen: Börse Frankfurt / regulated dealing/prime standard Börse Berlin / free trade Börse Hamburg / free trade Börse Stuttgart / free trade Börse Düsseldorf / free trade Börse Hannover / free trade Börse München / free trade

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