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euro adhoc: Austrian Airlines AG
CSFB reduces voting rights in Austrian Airlines AG to below 5 percent (E)

Disclosure announcement transmitted by euro adhoc. The issuer is
responsible for the content of this announcement.
Credit Suisse First Boston (CSFB) announced today that it had reduced
its voting rights in Austrian Airlines AG to a level below 5%. CSFB
took over the 10 % package of shares, originally held by Swissair,
following the bankruptcy of the Swiss carrier. CSFB disposed of an
initial block of shares in July 2002, reducing its package from 10 %
to around 5 %.
The current shareholder structure of Austrian Airlines AG is as
follows:
~
Free float                                       43.2 %
ÖIAG                                             39.7 %
Austrian institutional investors                 10.6 %
Austrian Airlines - Stock Option Programme*       5.0 %
Air France                                        1.5 %
~
* The 5 % share held by Austrian Airlines itself can be clarified as
follows: in order to lay the ground for the introduction of a stock
option programme, Austrian Airlines decided to repurchase a total of
1.7 million shares in summer 2002. This was equivalent to 5 % of the
issued share capital. The programme is intended to grant future stock
options to senior executives and members of the Board of Management
of the company or an associated company. The participation of the
senior executives in this programme, which was linked to their own
investment in Austrian Airlines shares, was considerable, providing
clear evidence of growing confidence in the company.
end of announcement        euro adhoc 11.12.2002

Further inquiry note:

Konzernkommunikation: Johannes Davoras Johann Jurceka Tel.: 051755-1231 Investor
Relations Karl Knezourek Tel.: 051766 - 3328

Branche: Air Transport
ISIN: AT0000620158
WKN: 062015
Index: ATX, ATX Prime, WBI
Börsen: Wiener Börse AG / official dealing

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