The Board of Directors announces completion of the transfer of the Company's shareholding in Parma Airport

Jersey/Vienna (OTS) - The Board of Directors of AI Airports
International Limited (AI) is pleased to announce that the transfer
of AI's shareholding in SO.GE.A.P Aeroporto di Parma Società per la
Gestione S.p.A. (Sogeap) to Meinl Bank Aktiengesellschaft (MB) was
completed on 29th June 2011. This represents the final action as part
of the Partial Settlement Agreement between AI and MB, which was
ratified by Certificate Holder resolution on 3rd November 2010. As
disclosed during AI's annual general meeting of shareholders, the
transaction frees EUR 5.0 million which had been pledged by AI to
Sogeap. The completion of this transaction represents the disposal of
the last of AI's airport investments.

The Board of Directors of AI believes it is appropriate at this
time to revise the guidance regarding the range of potential outcomes
provided to Certificate Holders at the annual general meeting on 10th
May 2011. The Board of Directors revises its estimate of further cash
repayments to Certificate Holders, in addition to cash repayments to
date of EUR 5.17, to between EUR 0.18 and EUR 0.72 per share/
certificate, excluding certificates held by AI. This compares to
previous guidance of further cash repayments between EUR 0.00 and EUR
0.77.

The AI Board sets out its range of additional estimated outcome by
category below, subject to the disclaimer below:

Estimated  Estimated  Estimated    Estimated
                  Low -      High -     Low -        High - 
                  TEUR       TEUR       EUR per ADC  EUR per ADC

Cash - 
31 May 2011       20,753     20,753     0.31         0.31 
Remaining assets 
and litigation    (3,265)    (435)     (0.05)        (0.01)
Provisions for 
remaining costs   (1,657)    (1,412)   (0.02)        (0.02)
Austrian 
Arbitration*      (992)       32,200   (0.01)         0.47 
Contingency       (2,500)    (2,500)   (0.04)        (0.04)
Net                12,339     48,605    0.18          0.72

*Note: The Estimated High assumes a favourable ruling and
collection of an award in the amount of AI's claim.

Amounts may not foot due to rounding.

Disclaimer

The information presented above has not been independently
verified and no representation or warranty express or implied is made
as to, and no reliance should be placed on, the fairness, accuracy,
completeness or correctness of this information or opinions contained
herein.

None of AI or any of its affiliates, advisors or representatives
shall have any liability whatsoever (in negligence or otherwise) for
any loss howsoever arising from any use of this document or its
contents or otherwise arising in connection with this document.

This document includes forward looking statements. By their
nature, forward looking statements involve known and unknown risks
and uncertainties and are not guarantees of future performance. No
undue reliance should be placed on these forward looking statements.

This document does not constitute an offer or invitation to
purchase or subscribe for any certificate of AI and neither it nor
any part of it shall form the basis of or be relied upon in
connection with any contract or commitment whatsoever.

Rückfragehinweis:
Please address any inquiries to:

Investor Relations & Public Relations
Metrum Communications GmbH
Mick Stempel
Tel.: +43 1 504 69 87-385
mailto:[email protected]

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