Austrian Airlines

euro adhoc: Austrian Airlines AG
Board of Directors (Appointments and Changes) / Alfred Ötsch resigns as Chief Executive Officer of Austrian Airlines

-------------------------------------------------------------------------------- Disclosure announcement transmitted by euro adhoc. The issuer is responsible for the content of this announcement. -------------------------------------------------------------------------------- 29.01.2009 Dr. Peter Malanik and Dr. Andreas Bierwirth to assume responsibility for duties Alfred Ötsch, 55, Chief Executive Officer of Austrian Airlines AG since 1 May 2006, will be resigning his mandate as of 31 January 2009. Subject to the consent of the Supervisory Board, his duties on the Board of Management will be taken over by the COO Dr. Peter Malanik and CCO Dr. Andreas Bierwirth. The termination is mutually agreed and in accordance with his contract of employment. CEO Ötsch made the following statement regarding his decision: "After three intensive years with Austrian Airlines, this step is designed to enable a new beginning at the company, including at the level of management. Having cooperated closely with my colleagues on the Board of Management and the Supervisory Board while introducing the necessary change of course towards partnership, I am glad that the privatisation has now moved into its final stages with Lufthansa, the best possible partner for the Austrian Airlines Group." The Chair of the Supervisory Board, Dr. Peter Michaelis, said the following: "I would like to thank Alfred Ötsch for his commitment over the past three years, particularly the constructive contribution he made in the course of the privatisation process. With the support of management, it has eventually proved possible to achieve a long-term and above all sustainable solution for Austrian Airlines." Please find further information concerning the disclosure according to §§ 24 and 25 Media Act on www.austrian.com end of announcement euro adhoc -------------------------------------------------------------------------------- ots Originaltext: Austrian Airlines Im Internet recherchierbar: http://www.presseportal.ch Further inquiry note: Corporate Communications: Livia Dandrea-Böhm Tel.: 051766-11231 Investor Relations Thomas Krammer Tel.: 051766-13311 Branche: Air Transport ISIN: AT0000620158 WKN: 875224 Index: WBI, ATX Prime Börsen: Wiener Börse AG / official market

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