EANS-Adhoc: Meinl Airports International Ltd. / Board of Directors decided on initial repayment to AI certificate holders

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25.05.2009

Board of Directors decided on initial repayment to AI certificate holders

Jersey, May 25, 2009 - The Board of Directors of AI Airports International
Limited announces that it has decided on the initial tranche for the capital
repayment to certificate holders. This decision came after the Jersey Financial
Services Commission confirmed the validity of the resolutions passed at the
Extraordinary General Meetings on April 22, 2009. The company had previously
indicated a first interim payment of EUR3.50 per share. However, the current
Board has now determined, after careful analysis, that the maximum first interim
distribution justifiable at this time is EUR2.25 per share. This new figure is
lower than indicated before and during the EGM on 22 April, 2009 as a result of
a re-evaluation of contingent liabilities and the potential expenditure that
could be required in order to maximise value and the ultimate repayments to
certificate holders. The Board currently expects that the shortfall in the
current distribution is a timing difference rather than an indication of value
erosion.

The board also anticipates additional repayments in the future with a second
interim repayment completed as soon as it is prudently able to do so. The timing
and quantum of these future repayments will be made according to the progress of
the ongoing sales process, realising value in other potential assets of the
Company including the resolution of litigation, and from the resolution of the
Company´s contractual liabilities and other valid claims.

The capital repayment (except in respect of certificates held by the company)
will be transferred to the shareholders of the company, including
Oesterreichische Kontrollbank Aktiengesellschaft ("OeKB") on or about June 1,
2009. OeKB holds 69,999,997 shares in the company on account of the certificate
holders. OeKB has been instructed to transfer the capital repayment received
(except in respect of certificates held by the company) to the account holding
banks on or about June 2, 2009, based on the deposit account balances as of June
1, 2009. The account holding banks will then credit the capital repayment to the
accounts of the individual certificate holders. No action on part of certificate
holders is necessary to enable this capital repayment.

The ADCs of AI will trade ex-capital repayment from June 2, 2009 on.

All certificate holders are encouraged to take their own tax advice regarding
the tax treatment of the capital repayment.

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

AI Airports International Limited is regulated by the Jersey Financial Services
Commission. The registered office is at 17 The Esplanade; St. Helier, Jersey JE4
9NY; Channel Islands

Further inquiry note:
Investor Relations and Public Relations
Hochegger Financial Relations GmbH, Dieter Riedlinger-Baumgartner,
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: Wien 
language:     English

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