EANS-Adhoc: Austrian Airlines AG / Remaining minority shareholders of Austrian Airlines to receive 0.50 euros per share

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ad-hoc disclosure transmitted by euro adhoc with the aim of a Europe-wide
distribution. The issuer is solely responsible for the content of this
announcement.
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23.10.2009

The Executive Board of Austrian Airlines AG and the majority shareholder in
Austrian Airlines, ÖLH Österreichische Luftverkehrs-Holding-GmbH (ÖLH), have
jointly agreed on appropriate cash compensation of 0.50 euros per share in a
squeeze out of the remaining shareholders of Austrian Airlines. The members of
the Executive Board of Austrian Airlines AG and the Managing Directors of ÖLH
will approve the joint report today in accordance with § 3 (1) Austrian
Shareholder Exclusion Áct. The adequacy of this cash compensation still has to
be verified by the Board of Directors of Austrian Airlines. A decision
endorsing the squeeze out will be taken by an extraordinary shareholder
meeting, which will presumably be held in mid-December. The minority
shareholders of Austrian Airlines will receive cash compensation for their
shares in conformity with the law after notification of the squeeze out has
been entered in the commercial register. That will probably occur in the first
half of 2010.
ÖLH already holds 95.4 per cent of the share capital of Austrian Airlines.

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

Further inquiry note:
Austrian Airlines AG
Konzernkommunikation:
Mag. Martin Hehemann
Tel.: 05 1766-11231

Investor Relations:
Mag. Thomas Krammer
Tel.: 051766-13311
Ende der Mitteilung euro adhoc
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issuer:   Austrian Airlines AG
          Office Park 2 Postfach 100
          A-1300 Wien-Flughafen
phone:    +43 (0)5 1766-11231
FAX:      +43 (0)1 688 55 05
mail:     Patricia.strampfer@austrian.com
WWW:      http://www.austrian.com
sector:   Air Transport
ISIN:     AT0000620158
indexes:  WBI, Prime.market

stockmarkets: official market: Wien
language: English

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