Austrian Airlines

euro adhoc: Austrian Airlines AG
Capital measures
Capital Increase with approximately EUR 367 million offer volume successfully completed

@@start.t1@@--------------------------------------------------------------------------------   Disclosure announcement transmitted by euro adhoc. The issuer is responsible   for the content of this announcement. --------------------------------------------------------------------------------@@end@@


Offer price fixed at EUR 7.10 per new share

Following the expiry of the subscription and offer periods for the public  offer in Austria of up to 51,680,000 new ordinary bearer shares with no par  value  of Austrian Airlines Österreichische Luftverkehrs-Aktiengesellschaft,  the  company announces the successful completion of the offering.

                        Result of the ordinary capital increase - overview

Volume of the capital increase

@@start.t2@@(calculated notional amount)          EUR 3 divided into 51,680,000 new ordinary
                                                        bearer shares with no par value
Final offer price                            EUR 7.10 per new share
Offer volume                                    EUR 366,928,000@@end@@

Commencement of trading of the
new shares on the Vienna
Stock Exchange                                 expected for 5 December 2006

Demand was strong amongst both international institutional investors as well  as retail and institutional investors in Austria. The principal shareholder,  ÖIAG, and  the  other  shareholders represented  in  the  Austrian    Syndicate    also participated in the offering (as previously announced), and continue to  hold  a total share of 50% plus one  share  in  the  company.  Merrill  Lynch  and Bank Austria Creditanstalt  acted  as  underwriters  and  advised Austrian  Airlines Österreichische    Luftverkehrs-Aktiengesellschaft in    connection    with    the implementation of the capital increase.

Austrian Chief Executive Officer  Alfred  Ötsch  commented  as follows  on  the successful  capital  increase:  'With    the successful    completion    of    our transaction, we have taken an important step in  our  restructuring  program.  I would like to thank our institutional and retail investors  for  the  confidence they have shown in the company. The fact that we were able to place all  of  the offered new shares in the current volatile market environment  of  the  airline industry underlines the acceptance of our corporate strategy.  We  also  believe that it reflects the investors' confidence in the company's future prospects  as it continues to assert itself as a specialist carrier in  the  European airline market.

The proceeds from the offering will enable us to boost our earning power  as  a leading airline in air traffic to Eastern Europe, and to strengthen our  capital structure.  In  addition,  the  proceeds will  allow  us  to    speed    up    the restructuring measures already introduced with the aim of  achieving  profitable growth as a quality airline and ultimately returning to profitability.'

Disclaimer: This ad hoc release constitutes neither  an  offer  to sell  nor  a solicitation to buy any securities. The securities have already been sold.

This ad hoc release and the information contained therein are not designed  for circulation in the United States of America (USA) or within  the  USA,  and  may not be distributed or conveyed to "U.S. persons" (as defined in Regulation S  of the U.S.  Securities  Act of  1933  in  the  currently  valid  version)  or  to publications with a general distribution in the USA.

The  new  shares  and  purchase  rights  have  not  been  registered either  in accordance with the United States Securities Act of 1933 ("Securities  Act")  or with other securities supervisory authorities of the USA.  Purchase  rights  may not be exercised by or for persons in the USA. Persons outside the USA may  only exercise purchase rights in "offshore transactions" and subject  to  application of Regulation S of the Securities Act.

@@start.t3@@end of announcement                                                 euro adhoc 01.12.2006 16:23:33

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

Weitere Meldungen: Austrian Airlines

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