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AI Airports International Limited

EANS-News: AI Airports International Limited
Hearing in the arbitration proceedings against Meinl Bank postponed

St Helier, Jersey, Channel Islands (euro adhoc) -

  Corporate news transmitted by euro adhoc. The issuer/originator is solely
  responsible for the content of this announcement.
Justice/Processes
Hearing in the
arbitration proceedings against Meinl Bank postponed
Jersey, 27 November, 2010. AI Airports International Limited ("AI") 
received the resignation of the chairman of the Austrian Arbitration 
tribunal on 25th November. The tribunal was scheduled to begin the 
proceedings on Monday, 29th November, to decide the EUR 32 million 
case against Meinl Bank for excessive PMMA fees related to the AI 
IPO.
The resignation was a result of an allegation by Meinl Bank AG that 
the chairman may be biased due to a potential conflict of interest. 
Meinl Bank raised the allegation earlier this week, just a few days 
before the start of the hearing. AI is determined to proceed with the
hearings in due course.
The remaining arbitrators, who initially appointed the chairman, will
now appoint a new chairman and re-schedule the hearing. The procedure
for the appointment of the new chairman and the re-scheduling of the 
hearing will likely take several months. A further update as to the 
revised arbitration date will be provided in due course. At this 
time, AI expects that the hearing will likely take place in spring 
2011.
end of announcement                               euro adhoc

Further inquiry note:

Investor Relations and Public Relations
Metrum Communications GmbH

Mick Stempel
T: +43 1 504 69 87-385
M: m.stempel@metrum.at

Michaela Lipa
T: +43 1 504 69 87-341
M: m.lipa@metrum.at

Branche: Real Estate
ISIN: AT0000A053N4
WKN:
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Börsen: Wien / Third Market

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