Austrian Airlines

euro adhoc: Austrian Airlines AG
ÖIAG starts tender process for shares in Austrian Airlines AG

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Austrian Airlines will support the process

With announcements  in  the  Austrian  daily  paper  "Wiener   Zeitung"  and  the European  issue  of  the  English  paper   "Financial    Times",    Österreichische Industrieholding Aktiengesellschaft (ÖIAG) has started today the tender  process for   selling  the  42.75%  shareholding  in  Austrian  Airlines.  The     Austrian Government has given the go-ahead yesterday for the search   for  an  appropriate investor  by  issuing  the  privatization   mandate.  The  privatization  mandate entitles ÖIAG to sell up to 100%  of  its  shares,  ensuring  an  Austrian  core shareholder structure with a participation  of  25%  plus  one  share.  Austrian Airlines will support the process

ÖIAG has retained the international investment bank Merrill Lynch  as exclusive financial advisor with regard to the potential sale of its interest in  Austrian Airlines to an appropriate investor.   Interested parties are invited  to  submit a written statement of their interest in the Transaction to Merrill Lynch by  no later than August 24, 2008. After the signing of  a  Confidentiality  Agreement, an Information  Package  pertaining  to  the  Company  and  the   Process  Letter detailing the terms and conditions for participation will be made  available  to interested  parties.  Consequently,   within  the  scope  of  the    privatization mandate, obtaining strategic concepts in the context of indicative  offers,  the selection of individual investors based on submitted indicative offers,  further due diligence audits and closing negotiations of contracts  with  the  remaining investors are planned.

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

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ots Originaltext: Austrian Airlines
Im Internet recherchierbar:

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

Weitere Meldungen: Austrian Airlines

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