EANS-News: Air Berlin PLC Successfully Places Convertible Bonds

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Corporate news transmitted by euro adhoc. The issuer/originator is solely
responsible for the content of this announcement.
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Company Information

Berlin, (euro adhoc) - The order book for the placement of Air Berlin PLC's
convertible bonds, announced today, has been closed after only 3 hours. Strong
demand allowed to increase the issue size of 120 million euros by 20 million
euros to 140 million euros.

"We were able to close the order book after only a very short time and place the
convertible bonds successfully on the market and even exceeded the issue amount.
After our success in ending our past financial year with a net profit, the
placement of the bonds demonstrates as much more the confidence of institutional
investors to our future development and our intensified turnaround programme,"
said airberlin Chief Financial Officer, Ulf Hüttmeyer.

The convertible bonds, which can be converted into Air Berlin PLC ordinary
shares, are issued at 100 per cent of nominal value with an annual interest rate
of 6 per cent. The conversion price will be EUR 2.82. Air Berlin PLC intends to
use the revenue from the sale of these convertible bonds for working capital and
general business purposes. Major shareholder and strategic partner Etihad
Airways has subscribed to 29.2 per cent of the convertible bonds, corresponding
to its stake in Air Berlin PLC. Credit Suisse Securities (Europe) Limited was
mandated as sole lead manager and sole bookrunner for the bonds with Commerzbank
and quirin Bank as Co-Managers.

Further inquiry note:
Mathias Radowski
Press Officer
Tel.: +49 (0)30/3434-1500
E-Mail: [email protected]
end of announcement euro adhoc
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company:     Air Berlin PLC
             The Hour House, High Street 32
             UK-WD3 1ER Rickmansworth, Herts
phone:       +49 (0)30 3434 1500
FAX:         +49 (0)30/3434-1509
mail:        [email protected]
WWW:         http://www.airberlin.com
sector:      Air Transport
ISIN:        GB00B128C026
indexes:     SDAX, Classic All Share, Prime All Share

stockmarkets: free trade: Berlin, München, Hamburg, Düsseldorf, free trade/Bondm:
Stuttgart, regulated dealing/prime standard: Frankfurt
language: English

ORIGINAL APA-OTS TEXT - THE INFORMATION CONTAINED IN THIS PRESS RELEASE IS SUBJECT TO THE EXCLUSIVE RESPONSIBILITY OF THE ISSUER | CNE

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