euro adhoc: SkyEurope Holding / Financing, Stock Offerings (IPO) / SkyEurope successfully closed EUR 56.3 million capital raising (E)

Disclosure announcement transmitted by euro adhoc. The issuer is responsible for the content of this announcement.

27.09.2006

SkyEurope Holding AG ("SkyEurope") today successfully closed its EUR 56.3 million (gross) capital raising. The rights offering of 10 million shares at EUR 1.75 per share raised EUR 17.5 million (gross) and the investment by York Global Finance II S.a r.l ("York") raised EUR 38.8 million (gross) via the sale of 8,990,000 shares, also at EUR 1.75 per share, and convertible bonds in the aggregate principal amount of EUR 23.7 million. Following the closing of both the rights issue and the York financing, SkyEurope has 38,990,000 shares outstanding.

UBS Investment Bank and CA IB have acted as lead managers of the rights issue and arrangers of the York investment. Linklaters and Weber Maxl & Partners acted as legal advisers to SkyEurope.

Further inquiry note:
SkyEurope Holding AG
Mag. Erhard Schmidt, CFO
Tel.:+421 2 4850 1180
investor.relations@skyeurope.com
http://www.skyeurope.com

end of announcement euro adhoc

emitter: SkyEurope Holding
Wipplingerstr. 24-26
A-1010 Wien
phone: +421 2 4850 0
mail: investor.relations@skyeurope.com
WWW: www.skyeurope.com
ISIN: AT0000497003
indexes: WBI
stockmarkets: official market: Wiener Börse AG
sector: Air Transport
language: English

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