Meinl Airports International Ltd.

Meinl Airports International:

Liquid assets securely invested on the money market First project still in this quarter Net asset value of the share at EUR 9.30

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St, Helier Jersey (euro adhoc) - Jersey, 29. August 2007. Meinl Airports International has liquid assets in the amount of EUR 620m currently, which have been invested as following: Approximately EUR 510m of the assets have been invested securely in bank loans and/or short term government bonds. The remaining liquid assets of approximately EUR 110m consist of cash on hands. The bank loans and government bonds have a maturity of less than one year, to have them available on short-term to finance the projects. Obviously, no investments will be made in ABS structures, subprime borrowing or lending, or other unsafe or speculative dispositions. In addition, no investments shall be made or have been planned in shares or certificates. Furthermore there do not exist any cross-holdings with Meinl European Land or Meinl International Power, nor are such cross-holdings planned.

In addition to the amounts described above Meinl Airports International has made prepayments for projects in the process of acquisition in the amount of approximately EUR 30m. The Company expects complete the acquisition of the first of these projects within the next weeks and so will be able to announce the first acquisition within this quarter, as indicated before.

Meinl Airports International has a net asset value of approximately EUR 9.30 at the moment. Given this NAV the share is clearly undervalued with regard to the stock exchange price.

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ots Originaltext: Meinl Airports International Ltd.
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Further inquiry note:
Pleon Publico Public Relations & Lobbying
Mag. Claudia Müller-Stralz
Tel.: ++43 (0) 1/717 86 107

Branche: Real Estate
ISIN:      AT0000A053N4
Index:    other listings
Börsen:  Wiener Börse AG / Third Market

Weitere Meldungen: Meinl Airports International Ltd.

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