euro adhoc: Fraport AG Frankfurt Airport Services Worldwide / Dividend Announcements / Fraport Plans to Raise Dividend - 45 to 50 Percent Payout Ratio Targeted for FY2004 (E)

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

Fraport AG's supervisory and executive boards are planning to increase the company's dividend for the 2004 business year. Based on the annual group profit the payout ratio is expected to range from 45 to 50 percent. This compares with 34.5 percent for fiscal year 2003, which resulted in a dividend payment of 0.44 Euro per share.

The exact dividend recommendation for the Annual General Meeting on June, 1st 2005 will be established when the boards meets to approve the annual accounts in March 2005. The increased payout ratio should also serve as the basis for coming business years and offer shareholders an attractive dividend payment.

Further inquiry note:
Christoph Hommerich
Tel.: +49 (0)69 690 748 42
E-Mail: c.hommerich@fraport.de

emitter: Fraport AG Frankfurt Airport Services Worldwide Tor 3, Gebäude 162 D-60547 Frankfurt phone: +49 (0)69 69074842 FAX: +49 (0)69 690 74843 mail: investor.relations@fraport.de WWW: http://www.fraport.de ISIN: DE0005773303

end of announcement euro adhoc

indexes:
stockmarkets:

sector: Transport language: English

OTS-ORIGINALTEXT UNTER AUSSCHLIESSLICHER INHALTLICHER VERANTWORTUNG DES AUSSENDERS | OTB0002