euro adhoc: Austrian Airlines AG / other / SUPERVISORY BOARD OF AUSTRIAN AIRLINES AG SUPPORTS THE PARTICIPATION BY SHEIKH MOHAMED BIN ISSA AL JABER (E)

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Disclosure announcement transmitted by euro adhoc. The issuer is responsible
for the content of this announcement.
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12.03.2008

Capital increase with full rights offering planned

Subscription price EUR 7.10 per share

At its meeting on 12 March 2008, the Supervisory Board of Austrian Airlines AG
acknowledged the participation of the Saudi-Arabian Austrian businessman Sheikh
Mohamed Bin Issa Al Jaber in Austrian Airlines AG by way of a capital increase
with full subscription rights of the existing shareholders.

At the annual shareholders´ meeting on 7 May 2008, the Management Board will
propose an ordinary capital increase with full subscription rights of the
existing shareholders. Up to 57,120,000 new bearer shares will be issued
against cash contribution, depending on how many subscription rights are
exercised. The subscription price per share is intended to be EUR 7.10.

The investor will subscribe the number of new shares necessary to ensure a
participation of 20% in the company (after exercise of the subscription rights
of the existing shareholders). The members of the Austrian Airlines syndicate
will not participate in the capital increase. The investor will contribute his
shares to the extent necessary to maintain the syndicate´s majority in order to
comply with air traffic regulations. ÖIAG will continue to dominate the
syndicate.

The company will grant a discount for up to 1,000 new shares to every
shareholder who held shares of the company in his securities account on March
10, 2008, by way of a subsequent price reduction.

At the annual shareholders´ meeting on 7 May 2008 a nominee of the investor is
intended to be elected into the Supervisory Board of Austrian Airlines.

Please find further information concerning the disclosure according to §§ 24
and 25 Media Act at www.austrian.com

Further inquiry note:
Konzernkommunikation:
Livia Dandrea-Böhm
Tel.: 051766-11231

Investor Relations
Dr. Prisca Havranek-Kosicek
Tel.: 051766 - 13311

end of announcement euro adhoc
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emitter: Austrian Airlines AG
Office Park 2 Postfach 100
A-1300 Wien-Flughafen
phone: +43 (0)5 1766
FAX: +43 (0)1 688 55 05
mail: [email protected]
WWW: http://www.aua.com
sector: Air Transport
ISIN: AT0000620158
indexes: WBI, ATX Prime, ATX
stockmarkets: official market: Wiener Börse AG
language: English

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