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

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

Further inquiry note:
Investor Relations and Public Relations
Metrum Communications GmbH

Mick Stempel
T: +43 1 504 69 87-385
M: [email protected]

Michaela Lipa
T: +43 1 504 69 87-341
M: [email protected]
end of announcement euro adhoc
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company: AI Airports International Limited
17 The Esplanade
A-JE4 9NY St Helier, Jersey, Channel Islands
mail: [email protected]
WWW: www.airportsinternational.com
sector: Real Estate
ISIN: AT0000A053N4
indexes: other listings
stockmarkets: Third Market: Wien
language: English

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