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Meinl Airports International Ltd.

Meinl Airports International:

St, Helier Jersey (euro adhoc) -

Liquid assets securely invested on the money market
First project still in this quarter
Net asset value of the share at EUR 9.30
  ots.CorporateNews transmitted by euro adhoc. The issuer is responsible for
  the content of this announcement.
companies
Jersey, 29. August 2007. Meinl
Airports International has liquid assets in the amount of EUR 620m 
currently, which have been invested as following: Approximately EUR 
510m of the assets have been invested securely in bank loans and/or 
short term government bonds. The remaining liquid assets of 
approximately EUR 110m consist of cash on hands. The bank loans and 
government bonds have a maturity of less than one year, to have them 
available on short-term to finance the projects. Obviously, no 
investments will be made in ABS structures, subprime borrowing or 
lending, or other unsafe or speculative dispositions. In addition, no
investments shall be made or have been planned in shares or 
certificates. Furthermore there do not exist any cross-holdings with 
Meinl European Land or Meinl International Power, nor are such 
cross-holdings planned.
In addition to the amounts described above Meinl Airports 
International has made prepayments for projects in the process of 
acquisition in the amount of approximately EUR 30m. The Company 
expects complete the acquisition of the first of these projects 
within the next weeks and so will be able to announce the first 
acquisition within this quarter, as indicated before.
Meinl Airports International has a net asset value of approximately 
EUR 9.30 at the moment. Given this NAV the share is clearly 
undervalued with regard to the stock exchange price.
end of announcement                               euro adhoc 29.08.2007 13:10:05

Further inquiry note:

Pleon Publico Public Relations & Lobbying
Mag. Claudia Müller-Stralz
Tel.: ++43 (0) 1/717 86 107
mailto:claudia.mueller@pleon-publico.at

Branche: Real Estate
ISIN: AT0000A053N4
WKN:
Index: other listings
Börsen: Wiener Börse AG / Third Market

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