Austrian Airlines

euro adhoc: Austrian Airlines AG
Capital measures
Austrian Airlines Österreichische Luftverkehrs AG announces resolution on capital increase Austrian Financial Market Authority approves prospectus

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With the agreement  of  the  Supervisory  Board,  the  Board  of Management  of Austrian Airlines Österreichische Luftverkehrs-Aktiengesellschaft  has  resolved to implement a capital increase with the issue of up to  51,680,000  new  shares at a maximum offer price of EUR 8.12 per share. The  Austrian  Financial Market Authority (FMA) has approved the prospectus for the  public offer  of  Austrian Airlines on 15 November 2006. The new shares are issued  subject  to  protection of  the  legal  subscription  right of  shareholders    in    Austrian    Airlines Österreichische Luftverkehrs-Aktiengesellschaft.

The result forecast for the full year 2006, that the adjusted EBIT will  improve compared to the previous year, remains valid. The EUR 87  million  cost  of  the necessary restructuring of long-haul that is not included in the adjusted  EBIT, some EUR 16 million of which is already set as reserves in  the  balance  sheet, is to be  charged against  the  unadjusted  EBIT  in  the  account  balance  to approximately  EUR  71  million.  As  a  result  the  unadjusted EBIT  will  be significantly negative.

Disclaimer: This adhoc-release constitutes  neither  an  offer  to sell  nor  a solicitation to buy any securities. A  prospectus  is published  in  accordance with the Austrian Capital Market Act., which is  available  free  of  charge  at Austrian Airlines Österreichische  Luftverkehrs  AG,  Fontanastraße  1,  A-1107 Wien, Austria, Fax: +43 (0)1 688 55 01 and at  Bank  Austria  Creditanstalt AG, Vordere  Zollamtsstrasse  13,  A-1030  Wien;  Am  Hof    2, A-1010    Wien    and Schottengasse 6, A-1010 Wien, Austria. Any securities orders received  prior  to 16 November 2006 will be rejected.

This adhoc-release is not being issued in the United  States  of America  (USA) and must not be distributed to "U.S. persons" (as defined  in  Regulation  S  of the U.S. Securities Act of 1933, as amended)  or  publications  with  a  general circulation in the USA. This adhoc-release  does  not  constitute  an  offer  or invitation to purchase any securities in the USA.  The  securities  of  Austrian Airlines    Österreichische    Luftverkehrs-Aktiengesellschaft    have not    been registered under the Securities Act and may not be offered,  sold  or  delivered within the USA  or  to  U.S.  persons absent  from  registration  under  or  an applicable exemption from the registration requirements  of  the  United  States securities laws.

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ots Originaltext: Austrian Airlines AG
Im Internet recherchierbar:

Further inquiry note:
Johannes Davoras
Johann Jurceka
Tel.: 051766-1231

Investor Relations
Dr. Prisca Havranek-Kosicek
Tel.: 051766 - 3700

Branche: Air Transport
ISIN:      AT0000620158
WKN:        875224
Index:    WBI, ATX Prime, ATX
Börsen:  Wiener Börse AG / official dealing

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