Austrian Airlines

euro adhoc: Austrian Airlines AG
other
SUPERVISORY BOARD OF AUSTRIAN AIRLINES AG SUPPORTS THE PARTICIPATION BY SHEIKH MOHAMED BIN ISSA AL JABER

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Company Information

12.03.2008

Capital increase with full rights offering planned

Subscription price EUR 7.10 per share

At its meeting on 12 March 2008, the Supervisory Board of Austrian   Airlines  AG acknowledged the participation of the Saudi-Arabian Austrian businessman  Sheikh Mohamed Bin Issa Al Jaber in Austrian Airlines AG by way of a  capital  increase with full subscription rights of the existing shareholders.

At the annual shareholders´ meeting on 7 May 2008,  the  Management   Board  will propose an ordinary capital  increase  with  full   subscription  rights  of  the existing shareholders. Up  to   57,120,000  new  bearer  shares  will  be  issued against cash   contribution,  depending  on  how  many  subscription  rights  are exercised. The subscription price per share is intended to be EUR 7.10.

The investor will subscribe the number of  new  shares  necessary  to ensure  a participation of 20% in the company (after exercise of the subscription  rights of the existing shareholders). The members of the  Austrian  Airlines  syndicate will not participate in the capital increase. The investor will  contribute  his shares to the extent necessary to maintain the syndicate´s majority in order  to comply with  air  traffic  regulations.  ÖIAG  will  continue  to   dominate  the syndicate.

The company will  grant  a  discount  for  up  to  1,000  new  shares to  every shareholder who held shares of the company in his securities  account  on  March 10, 2008, by way of a subsequent price reduction.

At the annual shareholders´ meeting on 7 May 2008 a nominee of the   investor  is intended to be elected into the Supervisory Board of Austrian Airlines.

Please find further information concerning the disclosure  according to  §§  24 and 25 Media Act at www.austrian.com

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ots Originaltext: Austrian Airlines
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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