euro adhoc: Austrian Airlines AG / other / SUPERVISORY BOARD OF AUSTRIAN AIRLINES AG SUPPORTS THE PARTICIPATION BY SHEIKH MOHAMED BIN ISSA AL JABER

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Company Information

12.03.2008

Capital increase with full rights offering planned

Subscription price EUR 7.10 per share

At its meeting on 12 March 2008, the Supervisory Board of Austrian
Airlines AG acknowledged the participation of the Saudi-Arabian
Austrian businessman Sheikh Mohamed Bin Issa Al Jaber in Austrian
Airlines AG by way of a capital increase with full subscription
rights of the existing shareholders.

At the annual shareholders´ meeting on 7 May 2008, the Management
Board will propose an ordinary capital increase with full
subscription rights of the existing shareholders. Up to
57,120,000 new bearer shares will be issued against cash
contribution, depending on how many subscription rights are
exercised. The subscription price per share is intended to be EUR
7.10.

The investor will subscribe the number of new shares necessary to
ensure a participation of 20% in the company (after exercise of the
subscription rights of the existing shareholders). The members of
the Austrian Airlines syndicate will not participate in the
capital increase. The investor will contribute his shares to the
extent necessary to maintain the syndicate´s majority in order to
comply with air traffic regulations. ÖIAG will continue to
dominate the syndicate.

The company will grant a discount for up to 1,000 new shares
to every shareholder who held shares of the company in his
securities account on March 10, 2008, by way of a subsequent price
reduction.

At the annual shareholders´ meeting on 7 May 2008 a nominee of the
investor is intended to be elected into the Supervisory Board of
Austrian Airlines.

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

end of announcement euro adhoc
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ots Originaltext: Austrian Airlines
Im Internet recherchierbar: http://www.presseportal.de

Further inquiry note:

Konzernkommunikation:

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