Austrian Airlines

euro adhoc: Austrian Airlines AG
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MOHAMED BIN ISSA AL JABER ANNOUNCES INTEREST IN STRATEGIC INVESTMENT IN AUSTRIAN AIRLINES AG

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Company Information

31.01.2008

Mohamed Bin Issa Al Jaber,  Austrian  Saudi-Arabian  businessman  and owner  of hotels in Vienna (including the recently opened luxury hotel  'The  Ring'),  has announced his interest in acquiring a strategic participation for  approximately EUR 150 million in Austrian Airlines AG. Intensive  negotiations  are  currently underway, although no resolutions have yet been  passed.  The   Management  Board will provide the Supervisory Board with comprehensive details of  the  situation at the next Supervisory Board meeting on 12 March 2008.  Such  investment  could be realized by way of shareholders resolution on a  capital  increase  excluding the subscription rights. One precondition for such an investment  is the  safe- guarding of an Austrian majority within the syndicate managed by ÖIAG.

A strategic investment  of  this  nature  would  be  to  support  the expansion strategy of Austrian Airlines AG in the Middle East.

At the same time, the companies will strive to conclude a cooperation agreement in the  tourist  sector,  where  the  corporate  group  JJW Hotels  &  Resorts, belonging to the investor, is active.

Die Angaben  zur  Offenlegung  gemäß  §§  24  und  25  Mediengesetz   sind  unter www.austrian.com auffindbar / Please find  further   information  concerning  the disclosure according to §§ 24 and 25 Media Act on www.austrian.com

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ots Originaltext: Austrian Airlines AG
Im Internet recherchierbar: http://www.presseportal.ch

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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