Austrian Airlines

euro adhoc: Austrian Airlines AG
Management Changes
Supervisory Board decides to advertise two additional Board of Management positions

-------------------------------------------------------------------------------- Disclosure announcement transmitted by euro adhoc. The issuer is responsible for the content of this announcement. -------------------------------------------------------------------------------- 26.09.2007 In its meeting held today, the Supervisory Board of Austrian Airlines AG reached a decision to advertise two new positions on the company's Board of Management in accordance with the Law on Staffing. Under the overall leadership of CEO Alfred Ötsch and in addition to CFO Thomas Kleibl, the existing Board of Management will acquire two new members as a result of the change. Working on the strength of recommendations made in an analysis carried out by the consultancy Directure, the Supervisory Board decided that Austrian Airlines will be managed in future by a Board of Management consisting of four people. Dr. Peter Michaelis, Chairman of the Supervisory Board of Austrian Airlines, made the following comment: "There are benefits of reuniting Technical Services and Operations under the overall management of just one person - the COO. In addition to this, we believe that for a service provider such as Austrian Airlines, it is both sensible and forward-looking to assign the field of marketing and sales (Commercial) a separate member of the Board of Management to cover the market side of our business. The increasingly aggressive market environment and ever more complex nature of the airline business also need to be reflected in our management structure through their own member of the Board. This will also create the best possible conditions for ensuring AUA continues to function as an independent company from its small domestic market." As a result of the change, two additional Board of Management positions will be advertised, for the Commercial (CCO) and Operations (COO) Divisions. Human resources consultant Spencer Stuart has been commissioned to carry out the search for both new positions. Following expiry of the application deadline of four weeks, the positions will both be filled as quickly as possible. end of announcement euro adhoc 26.09.2007 18:06:04 -------------------------------------------------------------------------------- ots Originaltext: Austrian Airlines Im Internet recherchierbar: Further inquiry note: Konzernkommunikation: Livia Dandrea-Böhm Tel.: 051766-11231 Investor Relations Dr. Prisca Havranek-Kosicek Tel.: 051766 - 13311 Branche: Air Transport ISIN: AT0000620158 WKN: 875224 Index: WBI, ATX Prime, ATX Börsen: Wiener Börse AG / official market

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