EANS-News: Meinl Airports International Ltd. / AI Airports International Extraordinary General Meetings Approve All Resolutions by an Overwhelming Majority

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St, Helier Jersey (euro adhoc) - AI Airports International Extraordinary General
Meetings Approve All Resolutions by an Overwhelming Majority
Board of Directors authorised to return free cash - No further investments -
Sale of portfolio of assets approved - New internal management structure - Only
Meinl Bank AG voted against Amendments to Memorandum of Association

Jersey/Vienna, April 22, 2009 - All proposed resolutions on the agenda of the
two extraordinary general meetings (EGMs) of AI Airports International held
today, Wednesday, in Vienna, were approved by an overwhelming majority of
certificate holders.
The legally stipulated two-thirds majority of certificate holders represented at
the first EGM approved all the formal pre-requisites required as the basis for
authorising the Board of Directors to return the cash and cash equivalents at
the disposal of the company to certificate holders. These pre-requisites are
related to resolutions concerning converting the par value bearer shares into no
par value bearer shares, revisions to the Articles of Association and a change
in the Memorandum of Association. The special resolutions regarding the
Amendments to Memorandum of Association were approved by 99.99% of the present
certificates represented by approximately 120 certificate holders. Only Meinl
Bank AG voted against these special resolutions. As soon as the required formal
consent of the resolutions approved by the EGM has been granted by the Jersey
Financial Services Commission in accordance with Jersey Law, the company will
take the first step and distribute EUR 3.50 per certificate to certificate
holders. This was confirmed during the first EGM by Wolfgang Vilsmeier, Chairman
of the Board of Directors of AI Airports International. Furthermore, the
obligatory two-thirds majority of certificate holders approved an immediate stop
to all investments, as well as the commercial realisation (i.e. sale or
disposal) of the existing portfolio of assets. The second EGM also approved the
change of the company´s name to AI Airports International Limited.
The EGM elected Murdoch McKillop as a new member of the Board of Directors,
whose composition was adapted to reflect the strategic direction resolved by the
EGM. In the future, no new projects will be implemented, and the focus will be
on optimally disposing of assets. For this reason, all the members of the Board
of Directors will be "non-executive" members, with the exception of Jim
Shinehouse, who will perform the newly created function of a Managing Director.
Wolfgang Vilsmeier will remain Chairman of the Board of Directors. Hans-Peter
Dohr will switch from his previous Board function to the operational management
as Chief Operating Officer of AI Airports International. Björn Pirrwitz and Fred
Duswald have resigned from their positions on the Board of Directors.
Detailed information on voting results for the individual resolutions will be
published on the website of the company.

Further information about AI Airports International is available at
www.airportsinternational.eu

Further inquiry note:
Investor Relations and Public Relations
Hochegger Financial Relations GmbH,
Dieter Riedlinger,
T: +43 1 504 69 87 344,
M: [email protected]

end of announcement euro adhoc
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emitter: Meinl Airports International Ltd.
32 New Street
A-JE2 3RA St, Helier Jersey
phone: +43 676/ 840 531 202
mail: [email protected]
WWW: www.meinlairports.com
sector: Real Estate
ISIN: AT0000A053N4
indexes: other listings
stockmarkets: Third Market: Wiener Börse AG
language: English

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