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Fraport AG Frankfurt Airport Services Worldwide

euro adhoc: Fraport AG Frankfurt Airport Services Worldwide
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Fraport AG receives EUR 41.9 million under German investment guarantee program for its Manila investments

  Disclosure announcement transmitted by euro adhoc. The issuer is responsible
  for the content of this announcement.
16.04.2008
The German government agreed today (April 16, 2008) to pay Fraport AG
EUR 41.9 million under the federal government´s investment guarantee 
for capital investments outside Germany. Fraport AG had concluded 
such a guarantee contract as protection against political risks for 
its equity investment made in the Manila project. The amount can be 
increased, when specific requirements are met, by a further EUR 3.9 
million - and is being made with a conditional payback provision, 
oriented on the outcome of the legal proceedings.  Furthermore, the 
payment is subject to Fraport AG´s acceptance of payout conditions. 
This payment is expected to occur in three months.
The impact of this payment on Fraport AG´s financial results is 
currently being examined.
In addition to this payment, Fraport AG is pursuing further claims 
that are not covered by the federal government´s investment 
guarantee. Fraport AG and the joint-venture company in the 
Philippines are pursuing their compensation claims against the 
Philippine government at national and international courts.
Fraport AG already made a complete write-down on its financial 
investment in the Manila terminal project in fiscal years 2001 and 
2002, and received a first payment of approximately EUR 27 million in
2006.
end of announcement                               euro adhoc

Further inquiry note:

Stefan J. Rüter
Telefon: +49(0)69 690-74840
E-Mail: s.rueter@fraport.de

Branche: Transport
ISIN: DE0005773303
WKN: 577330
Index: Midcap Market Index, MDAX, CDAX, Classic All Share, HDAX,
Prime All Share
Börsen: Börse Frankfurt / regulated dealing/prime standard
Börse Berlin / free trade
Börse Hamburg / free trade
Börse Stuttgart / free trade
Börse Düsseldorf / free trade
Börse Hannover / free trade
Börse München / free trade

Plus de actualités: Fraport AG Frankfurt Airport Services Worldwide
Plus de actualités: Fraport AG Frankfurt Airport Services Worldwide