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Abonner Austrian Airlines

Austrian Airlines

euro adhoc: Austrian Airlines AG
Capital measures
Capital Increase with approximately EUR 367 million offer volume successfully completed

  Disclosure announcement transmitted by euro adhoc. The issuer is responsible
  for the content of this announcement.
01.12.2006
Offer price fixed at EUR 7.10 per new share
Following the expiry of the subscription and offer periods for the
public  offer in Austria of up to 51,680,000 new ordinary bearer
shares with no par  value  of Austrian Airlines Österreichische
Luftverkehrs-Aktiengesellschaft,  the  company announces the
successful completion of the offering.
Result of the ordinary capital increase - overview
Volume of the capital increase
(calculated notional amount)       EUR 3 divided into 51,680,000 new ordinary
                                   bearer shares with no par value
Final offer price                  EUR 7.10 per new share
Offer volume                       EUR 366,928,000
Commencement of trading of the
new shares on the Vienna
Stock Exchange                     expected for 5 December 2006
Demand was strong amongst both international institutional investors
as well  as retail and institutional investors in Austria. The
principal shareholder,  ÖIAG, and  the  other  shareholders
represented  in  the  Austrian   Syndicate   also participated in the
offering (as previously announced), and continue to  hold  a total
share of 50% plus one  share  in  the  company.  Merrill  Lynch  and
Bank Austria Creditanstalt  acted  as  underwriters  and  advised
Austrian  Airlines Österreichische   Luftverkehrs-Aktiengesellschaft
in   connection   with   the implementation of the capital increase.
Austrian Chief Executive Officer  Alfred  Ötsch  commented  as
follows  on  the successful  capital  increase:  'With   the
successful   completion   of   our transaction, we have taken an
important step in  our  restructuring  program.  I would like to
thank our institutional and retail investors  for  the  confidence
they have shown in the company. The fact that we were able to place
all  of  the offered new shares in the current volatile market
environment  of  the  airline industry underlines the acceptance of
our corporate strategy.  We  also  believe that it reflects the
investors' confidence in the company's future prospects  as it
continues to assert itself as a specialist carrier in  the  European
airline market.
The proceeds from the offering will enable us to boost our earning
power  as  a leading airline in air traffic to Eastern Europe, and to
strengthen our  capital structure.  In  addition,  the  proceeds
will  allow  us  to   speed   up   the restructuring measures already
introduced with the aim of  achieving  profitable growth as a quality
airline and ultimately returning to profitability.'
Disclaimer: This ad hoc release constitutes neither  an  offer  to
sell  nor  a solicitation to buy any securities. The securities have
already been sold.
This ad hoc release and the information contained therein are not
designed  for circulation in the United States of America (USA) or
within  the  USA,  and  may not be distributed or conveyed to "U.S.
persons" (as defined in Regulation S  of the U.S.  Securities  Act
of  1933  in  the  currently  valid  version)  or  to publications
with a general distribution in the USA.
The  new  shares  and  purchase  rights  have  not  been  registered
either  in accordance with the United States Securities Act of 1933
("Securities  Act")  or with other securities supervisory authorities
of the USA.  Purchase  rights  may not be exercised by or for persons
in the USA. Persons outside the USA may  only exercise purchase
rights in "offshore transactions" and subject  to  application of
Regulation S of the Securities Act.
end of announcement                               euro adhoc 01.12.2006 16:23:33

Further inquiry note:

Konzernkommunikation:
Johannes Davoras
Johann Jurceka
Tel.: 051766-1231

Investor Relations
Dr. Prisca Havranek-Kosicek
Tel.: 051766 - 3700

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

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