EANS-Adhoc: Air Berlin PLC / Air Berlin PLC announces the result and the economic effects of the partial ac-quisition of the 2009 9% convertible bond

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ad-hoc disclosure pursuant to section 15 of the WpHG transmitted by euro
adhoc with the aim of a Europe-wide distribution. The issuer is solely
responsible for the content of this announcement.
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12.11.2010

London, 12 November 2010 - After the period in which holders of the 125m Euro 9%
convertible bond issued by Air Berlin Finance B.V. in 2009 (ISIN DE000A1ALH01)
could offer the sale of their outstanding bonds to Air Berlin PLC expired on 11
November 2010 (see the ad hoc notifications dated 1 and 9 November 2010), Air
Berlin gives notice that it will acquire bonds in an aggregate nominal amount of
109.45m Euro at a rate of 123%. The purchase price amounts to 61,500 Euro plus
accrued but unpaid interest for each of the 2,189 bonds in a nominal amount of
50,000 Euro. As bonds in an aggregate nominal amount of 119.25m Euro have been
offered to the company at a rate of 123%, it will exercise its right to accept
these offers on a pro-rate basis. In consequence, it will purchase approximately
92% of all bonds offered and with an aggregate purchase price of approximately
134.6m Euro it will not exceed the envisaged maximum total purchase price of
135m Euro plus accrued but unpaid interest. In accordance with IFRS, this
results in one time expenses of effectively 28.6m Euro and has a one time impact
on Air Berlin PLC´s equity of -22.1m Euro. The purchase reduces the company´s
financing costs by in total 76.1m Euro for the years 2011 through 2014 in
accordance with IFRS. As per today the number of ordinary shares in which the
holders may convert their outstanding bonds is reduced from approximately 31.2m
to approximately 3.9m. The company points out that Air Berlin Finance B.V.
intends to exercise its right to redeem the remaining bonds at their nominal
amount of 50,000 Euro together with accrued but unpaid interest, as the
aggregate principal amount of the bonds outstanding is less than 20% of the
aggregate principal amount originally issued.

Air Berlin PLC The Hour House 32 High Street Rickmansworth WD3 1ER Hertfordshire
Great Britain WKN AB1000 (Share) on the Frankfurt Stock Exchange (Regulated
Market, Prime Standard) WKN A0NQ9H (Wandelanleihe 2007) Euro MTF Market on the
Luxembourg Stock Exchange WKN A1A LH0 (Convertible Bond 2009) Open Market on the
Frankfurt Stock Exchange WKN AB 100A (Anleihe 2010) segment Bondm of the Open
Market on the Stuttgart Stock Exchange

Not for release, publication or distribution in the United States, Canada,
Australia and Japan and in any other jurisdiction in which offers or sales of
securities of Air Berlin PLC (the "Securities") are prohibited by applicable
law. This document does not constitute an offer to sell or a solicitation of an
offer to purchase securities of Air Berlin PLC. The Securities may not be
offered or sold in the United States under the U.S. Securities Act of 1933, as
amended, absent registration or an exemption from registration. No public
offering of Securities will be made in the United States. This document is not
for general publication, release or distribution in the United Kingdom and may
only be distributed in the United Kingdom to persons who (i) are investment
professionals falling within article 19 (5) of the U.K. Financial Services and
Markets Act 2000 (Financial Promotion) Order 2005, in its current version (the
"Order"), or (ii) are high net worth entities or other persons to whom it may
lawfully be communicated falling within article 49 (2) (a) to (d) of the Order
(all such persons will be termed "Relevant Persons" below). Anyone in the United
Kingdom who is not a Relevant Person may not act on the basis of this press
release or its contents. Any investment or investment activity to which this
press release refers is only available to Relevant Persons and is only carried
out with Relevant Persons.

Further inquiry note:
Ingolf Hegner
Head of Investor Relations
+49 (0)30 3434 1532
[email protected]
end of announcement euro adhoc
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issuer:      Air Berlin PLC
             The Hour House, High Street 32
             UK-WD3 1ER Rickmansworth, Herts
phone:       +49 (0)30 3434 1500
FAX:         +49 (0)30/3434-1049
mail:        [email protected]
WWW:         http://www.airberlin.com
sector:      Air Transport
ISIN:        GB00B128C026
indexes:     SDAX, Classic All Share, Prime All Share

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

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