euro adhoc: Austrian Airlines AG / Board of Directors (Appointments and Changes) / Chief Financial Officer Thomas Kleibl will leave the company by own request

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

16.01.2008

CEO Alfred Ötsch to take over responsibilities

Thomas Kleibl, 48, Chief Financial Officer of Austrian Airlines
AG since 1 October 2001, has informed the Chairman of the
Supervisory Board that he will be resigning from his post at the
next meeting of the Supervisory Board on 12 March 2008. Subject to
the agreement of the Supervisory Board, the Chief Executive
Officer, Alfred Ötsch, will take over Mr. Kleibl's
responsibilities on the Board of Management.

Dr. Peter Michaelis, Chairman of the Supervisory Board, said the
following about Mr. Kleibl's decision: "We regret the resignation of
Mr. Kleibl. During a period of great change at Austrian Airlines,
Mr. Kleibl demonstrated huge commitment and specialist
knowledge and implemented important measures, including the
reduction of the net debt of the Group by EUR 1.4 billion. He
made a decisive contribution to putting the organisation where it
finds itself today, in a position where it enjoys a significantly
stronger capital structure and is once again generating positive
operating results."

Mr. Alfred Ötsch, a proven financial expert in his own right, will
take over the responsibilities of Mr. Kleibl. The Board of
Management continues to be occupied by decisionmakers of the very
highest calibre in its two new members, Dr. Peter Malanik (since 1
January 2008) and Dr. Andreas Bierwirth (from 1 April 2008).
Mr. Kleibl himself will remain available to the company in an
advisory and support role throughout this period of
transition of his responsibilities to Mr. Ötsch.

Rückfragehinweis: Österreichische Industrieholding AG: Mag.
Anita Bauer, Dresdner Strasse 87, 1201 Wien, Tel.: +43/1/711
14-240, Mobil: +43/664/13 40 333, anita.bauer@oiag.at,
www.oiag.at.

Die Angaben zur Offenlegung gemäß §§ 24 und 25 Mediengesetz
sind unter www.austrian.com auffindbar / Please find further
information concerning the disclosure according to §§ 24 and 25
Media Act on www.austrian.com

end of announcement euro adhoc
--------------------------------------------------------------------------------

ots Originaltext: Austrian Airlines
Im Internet recherchierbar: http://www.presseportal.de

Further inquiry note:

Corporate Communications:

Livia Dandrea-Böhm

Tel.: 051766-11231

Investor Relations

Dr. Prisca Havranek-Kosicek

Tel.: 051766 - 13311

Branche: Air Transport
ISIN: AT0000620158
WKN: 875224
Index: WBI, ATX Prime, ATX
Börsen: Wiener Börse AG / official market