Meinl Airports International - first phase acquisition of 10.1% in Turkish airports operator TAV Airports Holding

Operation of Istanbul’s Atatürk airport and further 6 airports in
Turkey, Tunisia and Georgia Total initial investment of EUR 190
million TAV’s owners welcome participation of airport experts

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merger, acquisition and takeover/Participation

St, Helier Jersey (euro adhoc) - Jersey, 12 November 2007 - Meinl
Airports International Ltd. ("MAI") will acquire a strategic stake of
initially 10.1% in one of the world´s leading airports operators, the
Turkish based TAV Havalimanlari Holding A.S. ("TAV Airports" or
"TAV"). The participation is underlined by a seat in TAV´s board.

TAV has the right to operate 7 airports in the region, including
Istanbul´s Atatürk Airport, one of Europe´s largest airports. TAV
handles a total of more than 30 million passengers annually and total
revenues in 2006 exceeded EUR 400 million. MAI is initially investing
a total of around EUR 190 million, and taking the next decisive step
in its expansion.

TAV´s President and CEO, Dr. M. Sani Sener welcomes the investment by
MAI: "We are extremely pleased to have a strategic partner as Meinl
Airports, with acknowledged international airports' expertise. With
one airport in Russia and plans for massive expansion in Eastern
Europe, Meinl Airports is a partner of significant strategic
importance, particularly in the light of TAV's planned future growth
in the region. We are in a position to make the best possible use of
the available synergies."

MAI will buy 10.1% of TAV, with a possibility to acquire a further 4%
- further increase intended

MAI´s participation in TAV is initially 10.1%, with a total
investment of approximately EUR 190 million. MAI gets also a
possibility to acquire a further 4% in TAV. Roman Himmler, Chairman
of Meinl Airport Managers Ltd: "The stake in TAV is a major step for
the future development of MAI. In a single move, we get access to 7
airports in our target region Central and Eastern Europe and other
aviation growth markets. We can envisage accumulating a larger
strategic position in TAV further. Through the strategic cooperation
agreement with TAV, MAI is acting as a strategic investor, takes
initially one seat on TAV´s board and will thereby influence the
strategic decisions in TAV." MAI and TAV also are open to realise new
projects jointly as co-developers and co-investors in the future.

Istanbul´s Atatürk Airport - TAV´s flagship, with 21 million
passengers in 2006

TAV´s flagship airport - and now MAI´s as well - is Istanbul´s
Atatürk Airport. In 2006 it handled 21 million passengers, making
Atatürk one of Europe´s busiest airports. Double-digit passenger
growth is expected in coming years: Deutsche Bank´s equity research
report estimated that passenger numbers would reach 37 million in
2010.

Ankara und Izmir - 2 further major Turkish airports with strong
business growth

TAV is also the operator of two other Turkish airports - in Ankara
(4.5 million passengers in 2006) and Izmir (1.5 million passengers in
2006). Deutsche Bank also predicts strong dynamic passenger growth
for these airports in the coming years.

Tunisia and Georgia - markets of the future

In Georgia, TAV owns a 60% stake in the airports of Tbilisi and
Batumi with an operating concession until at least 2027. The new
Tbilisi airport, with a total capacity of 2.8 million passengers per
annum, commenced operations in February 2007. Batumi Airport, with an
annual passenger capacity of 562,500 per annum, started operations at
the end of May 2007.

In 2007 TAV Airports also received the concession for development and
operation of two Tunisian airports, with operating licences for 40
years. Operations in Monastir are scheduled to begin in 2008, and
completion of Enfidha is planned for 2009. More than 5 million
passengers for the two airports together are expected already in
2009, and in the long term passenger numbers in excess of ten million
are envisaged.

Impressive revenues from non-aviation business

TAV also generates considerable direct revenues from non-aviation
businesses amounting in 2006 to approximately EUR 240 million. The
most important contributions come from the 50% stake in ATU, which
operates the duty-free zones in TAV airports. TAV also has a number
of subsidiaries with revenues from ground handling, catering,
security and other airport related services.

Nadine Gilles, Member of the Board of Meinl Airport Managers, sums
up: "MAI has achieved a substantial stake in one of Europe´s most
recognised and biggest airport companies. The fantasy of this
participation lies in the regional coverage in the growth markets
from Russia to Turkey and further on across the Middle East into the
North African rim."

end of announcement euro adhoc 12.11.2007 12:51:36
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ots Originaltext: Meinl Airports International Ltd.
Im Internet recherchierbar: http://www.presseportal.de

Further inquiry note:
Herbert Langsner
0664 - 182 74 91

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