29.11.2006 – 01:35

Fraport AG Frankfurt Airport Services Worldwide

euro adhoc: Fraport AG Frankfurt Airport Services Worldwide
other
Mediation between Fraport and Ticona
Celanese

  Disclosure announcement transmitted by euro adhoc. The issuer is responsible
  for the content of this announcement.

29.11.2006

Fraport AG and Celanese AG/Ticona GmbH today, on November 29, 2006,
signed a Letter of Intent (LOI) with the goal of - based on
still-to-be-negotiated final contracts - ending Ticona’s production
at the Kelsterbach plant on June 30, 2011, and of transferring,
following removal of all plant infrastructure, all related properties
at the Kelsterbach location to Fraport AG. Properties, required for
the new landing runway will be transferred immediately after
conclusion of the final contracts.   Celanese/Ticona will carry out
rehabilitation of the properties that possibly may be required. With
the conclusion of the final contracts Celanese/Ticona will rescind
its objections and legal claims against the existence and Frankfurt
Airport’s expansion.  Thus, this will eliminate an essential risk for
the timely start of operations of the northwest landing runway.

The LOI is  subject to the approval of the  supervisory board of
Fraport AG. The meeting of the supervisory board on December 15, 2006
will decide upon this. On the yesterday’s evening - November 28,
2006, the supervisory board was informed about the essential contents
of the planned LOI. The supervisory board gave indication that no
fundamental objections to the signing of the LOI by the executive
board of Fraport AG do exist.

In return,  Fraport AG will pay Celanese/Ticona an amount of 650
million euros.  A partial payment of 20 million euros will be paid
ultimate during the remainder of 2006, so that Celanese/Ticona can
immediately begin with planning the relocation of its chemical plant.
The remaining amount will be paid in different tranches between 2008
and 2011.

The employees of Ticona that will not remain with the company shall
be employed by a labour service company to be founded by Fraport AG
in which the State of Hesse shall have a participation, as well.

Based on the LOI, negotiations for the final contract are planned for
the first quarter of 2007.  Fraport AG’s Executive Board will strive
to present the final contracts (which require approval of the board
of Celanese Corp.) on the basis of a binding offer from
Celanese/Ticona to the Annual General Meeting (AGM) on May 30, 2007,
for voting decision and - on the basis of the AGM’s consenting,
legitimate vote - to conclude the final contracts.

Precondition for Celanese’s/Ticona’s conclusion of the final
contracts is, that the receipt of the 650 million euro payment will
be fundamentally tax neutral.  -ENDS-

end of announcement                               euro adhoc 29.11.2006 00:58:49

Further inquiry note:

Stefan J. Rüter
Leiter Investor Relations
Telefon: +49(0)69 690-74842
E-Mail: s.rueter@fraport.de

Branche: Transport
ISIN: DE0005773303
WKN: 577330
Index: MDAX, CDAX, HDAX, Classic All Share, Prime All Share, Midcap
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