Austrian Airlines

euro adhoc: Austrian Airlines AG
other
Bank guarantee not presented within extended deadline

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22.05.2008

According  to    contractual    agreements,    JJW    Central    &     Eastern    Europe Beteiligungsverwaltungs GmbH, the SPV of Sheikh Mohamed Bin Issa Al  Jaber,  has agreed on a deadline for the   presentation  of  a  bank  guarantee  to  Austrian Airlines on 12   May  2008  and  Austrian  Airlines  have  set  an  extended  and appropriate deadline until 21 May 2008. The bank  guarantee  was  not presented within the extended deadline.

The company will take all measures necessary  to  safeguard  its   interests  and will further comply with the contract. By doing so   the  management  board  will verify possibilities for a mutually agreed dissolution of the  agreements  which safeguards the interests of the company.

Rückfragehinweis: Dr. Prisca Havranek-Kosicek, Investor Relations,   Austrian  Airlines  AG,  Tel.: +43 (0)5 1766 - 13311,  Fax:  +43   (0)5  1766  13899,  e-mail:  prisca.havranek- kosicek@austrian.com

Die Angaben  zur  Offenlegung  gemäß  §§  24  und  25  Mediengesetz   sind  unter www.austrian.com auffindbar / Please find  further   information  concerning  the disclosure according to §§ 24 and 25 Media Act on www.austrian.com

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ots Originaltext: Austrian Airlines
Im Internet recherchierbar: http://www.presseportal.ch

Further inquiry note:
Corporate Communications:
Livia Dandrea-Böhm
Tel.: 051766-11231

Investor Relations
Dr. Prisca Havranek-Kosicek
Tel.: 051766 - 13311

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



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