Meinl Airports International publishes the 2007 annual report

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finances/annual result

St, Helier Jersey (euro adhoc) - - Total assets reached EUR 622.3
million - Adjusted profit after taxation of approximately EUR 1.49
million - Dynamic expansion has continued into 2008 - Strategic
review expected to be completed prior to the AGM

Meinl Airports International Limited ("MAI", the "Company"), whose
certificates representing shares in the Company are listed on the
Vienna Stock Exchange, announces that the annual report for the year
ending 31 December 2007 has been published and is available on the
Company´s webpage.

Total assets reached EUR 622.3 million

MAI´s total consolidated assets as of 31 December 2007 amounted to
approximately EUR 622.3 million. Non-current assets amounted to EUR
193.9 million as at 31 December, 2007.

In September 2007, MAI completed the acquisition of the main airport
in the Lake Baikal region of Ulan-Ude, Russia. This was not only
MAI´s first airport acquisition, but also the first commercial
airport in Russia to be sold to a foreign investor. "Lake Baikal
Airport" is still a relatively small airport with approximately
140,000 passengers in 2007. Nevertheless, MAI considers the airport
to have attractive future growth potential, as Lake Baikal is
expected to develop into one of the main tourist regions in Russia
and its proximity to the border with China is expected to give rise
to substantial opportunities for cross-border tourism.

In November 2007, MAI acquired an initial 10.1% stake in TAV Airports
Holding ("TAV") which currently operates a total of six highly
efficient, managed airports with significant growth potential. MAI
will benefit not only from the expected future growth of these
airports but also from the general cooperation agreement relating to
new projects which was entered into with TAV. TAV continues to be an
active investor in its core target markets and recently qualified for
the second stage of the tender for the development and operation of
Abu Dhabi airport, one of the leading and fastest growing airports in
the Middle East.

In addition to the above, MAI acquired stakes in two airport
consulting companies, AD-M and ACV Management Services, during 2007.

Adjusted profit after taxation of approximately EUR 1.49 million

MAI´s revenues in 2007 amounted to EUR 0.81 million. In addition, in
2007 the Company received interest income of EUR 15.9 million from
the proceeds generated from the Company's IPO in April 2007 which had
not been invested during 2007. The Company had operational expenses
of EUR 11.8 million, leading to an adjusted profit after taxation in
2007 of approximately EUR 1.5 million. MAI´s unadjusted loss of EUR
8.4 million includes EUR 9.9 million in respect of the revaluation of
MAI´s option to acquire a further shareholding in TAV.

Dynamic expansion has continued into 2008

MAI has continued its dynamic expansion into 2008. In February 2008,
MAI was successful in the tender for the transformation and
development of a former military airport into the second largest
commercial airport in the Warsaw region of Poland. The planned
airport in Sochaczew, which is scheduled to commence operation by
2012, is expected to be attractive to low cost carriers. MAI believes
this airport has significant growth potential, as Poland is currently
demonstrating the highest rate of growth in air traffic worldwide.
Moreover, the existing airport for the Warsaw region is forecast to
reach capacity in the near future. Sochaczew is also the Company´s
first "greenfield project" and hence represents an important
milestone in MAI´s development.

In March 2008, MAI completed a second transaction in Poland with the
acquisition of a stake in the regional airport of Bydgoszcz in
Northern Poland. Bydgoszcz airport was transformed from a military
airport and newly built in 2004 and is therefore one of the most
modern airports in Poland. As in the case of Lake Baikal Airport in
Russia, the Company is the first foreign investor to have acquired a
stake in an operating commercial airport in Poland.

In May 2008, MAI was awarded the tender for the privatization of
Parma airport in Italy and will acquire a 67% stake in the airport
through a capital increase. The transaction remains subject to
approval by the Italian Ministry of Transport. MAI recognizes that
Parma airport is not located within its main target regions of
Central and Eastern Europe, Southeastern Europe or the CIS, however
MAI has always stated that geography should not restrict the
Company's ability to take advantage of attractive opportunities as
they arise. Parma represents an excellent investment opportunity as
the surrounding region is one of the main tourist regions in Italy
and is currently not served sufficiently by any airport. Significant
growth in passengers has been demonstrated during the first five
months of 2008, with the airport handling approximately 110,500
passengers compared to 50,200 during the same period last year.

MAI´s total portfolio as of today comprises 7 strategic investments,
with 5 of these being investments in airports or airport operations,
which is an impressive achievement in the relatively short time
period since the Company's IPO. Clearly, MAI´s business model is
different from other airport investment companies in the market. The
Company does not generally invest in mature airport operations, but
focuses instead on earlier stage airports with significant future
growth opportunities. MAI´s investors will benefit as these
investments continue to mature.

Strategic review expected to be completed prior to the AGM

In April 2008, MAI conducted an investors´ road show to update
investors on its recent operational achievements and to gauge
investors´ view of MAI´s development both on the operational side and
in the stock market. While most of the investors acknowledged MAI´s
operational achievements in the first 15 months of operation, a
number of investors expressed concerns regarding the Company's recent
share price performance and certain corporate governance issues. As a
result of the road show, MAI´s Board of Directors initiated a
thorough strategic review taking into consideration many of the
investors´ suggestions. MAI expects to be able to announce the
results of this and its finalised proposals in advance of the
forthcoming AGM.

Meinl Airports International Limited, 26 New Street, St. Helier,
Jersey, JE2 3RA, Jersey Company Registry 93803

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

Further inquiry note:

Nadine Gilles

mailto:gilles@meinlairports.com

Mobile: 00421 911 500 730

Branche: Real Estate
ISIN: AT0000A053N4
WKN:
Index: other listings
Börsen: Wiener Börse AG / Third Market