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SkyEurope Holding

EANS-Adhoc: SkyEurope Holding
Publication of Annual Financial Statements for the Fiscal Year ended 30 September 2008
Adverse Opinion
Receipt of Expression of Interest from Potential Investor.

  ad-hoc disclosure transmitted by euro adhoc with the aim of a Europe-wide
  distribution. The issuer is solely responsible for the content of this
  announcement.
annual report
22.06.2009
SkyEurope Holding AG announces the publication of its audited Annual 
Financial Statements for the year ended 30 September 2008. The audit 
report issued by KPMG Austria GmbH Wirtschaftsprüfungs- und 
Steuerberatungsgesellschaft, the company´s auditors, contains an 
adverse opinion due to the auditors' disagreement with the 
management´s going concern assumption in preparing the annual 
financial statements in accordance with International Financial 
Reporting Standards (IFRS). According to the audit opinion, the 
annual financial statements should not have been prepared under the 
going concern assumption and, thus, fail to give an accurate picture 
of the group´s assets and its financial position. Management believes
that the going concern assumption is appropriate given the continuing
business operations since the 30 September 2008 financial year end 
and investor interest in the company.
SkyEurope Holding AG also announces that it has received an 
expression of interest from a potential investor and is in 
negotiations regarding a potential equity investment in the company. 
Such an investment would provide additional liquidity.
The full report is available on the company homepage under "investor 
relations".  http://www.skyeurope.com/en/about-us/investor-relations/
financial-reports.aspx
end of announcement                               euro adhoc

Contact:

SkyEurope Holding AG
Nick Manoudakis
Chief Financial Officer
Tel +421 2 4850 1332
investor.relations@skyeurope.com
www.skyeurope.com

Branche: Air Transport
ISIN: AT0000497003
WKN: A0F5WU
Index: WBI, Standard Market Continous
Börsen: Wien / official market

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