EANS-News: Meinl Airports International Ltd. / Board of Directors convenes two Extraordinary General Meetings (EGM) in Vienna for April 22, 2009

Board to receive authorisation to return free cash to certificate
holders – Further future returns shall be made possible by sale of
AI’s portfolio of assets – Second EGM only for formal change of the
name of the Company to AI Airports International Limited

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air transport/EGM

St, Helier Jersey (euro adhoc) - Jersey, 27 March 2009 - The Board of
AI Airports International (AI) announces that it convenes, in
accordance with the requisition of a group of certificate holders,
two EGMs in Vienna for 22 April 2009, the first at 10 am and the
second following after the conclusion of the first EGM. While the
second EGM´s only agenda item is a decision on the change of the name
of the Company to AI Airports International Limited, the proposed
resolutions for the first EGM cover several topics, including a
material change of the Company´s strategy.

The resolutions presented to certificate holders at the first EGM
include:

• an authorisation of the Board to return free cash to certificate
holders in one or more tranches, with the expectation of an initial
return of approx. EUR 300 million in total or such other amount as
can be lawfully and economically distributed, • a change to the
investment objectives of the Company whereby the Board is authorised
to sell or otherwise dispose of all or any assets of the Company and
no investments in new projects can be made without certificate
holders´ approval, • an authorisation of the Board to distribute to
certificate holders proceeds of the sale of the Company´s assets.

"These proposed changes enable us to fulfil what we have promised to
our certificate holders before our election as independent Board of
Directors: To minimise the losses of our certificate holders caused
by the previous board and the Meinl Bank Group", the Chairman of the
Board of Directors, Wolfgang Vilsmeier, explains. "The Board has
finished its thorough review of the existing portfolio assets and has
taken into consideration the dramatically changed economic and
investment conditions compared to those prevailing at the time of the
initial public offering."

The Board has drawn two main conclusions: First, the original
strategy to act as a long-term investor in the airports sector is no
longer the most appropriate course for the Company which means that
excess capital should be returned to certificate holders rather than
being invested in new projects. Second, that AI is not ideally suited
to act as a long-term investor for its investments. Especially the
current downturn in the global and European aviation industry
significantly prolongs the timeframe in which the AI assets could be
turned into profitable businesses.

Wolfgang Vilsmeier adds that against the backdrop of current economic
conditions he is convinced that now is not the right time to be
buying additional assets with the remainder of the certificate
holders´ funds. "We believe that it´s in the best interest of
certificate holders that - by returning excess capital - they are
enabled to decide by themselves in which manner their funds are being
invested or otherwise made use of."

With regards to AI's current investments Wolfgang Vilsmeier comments:
"We are very focused on improving the financial performance of our
investment portfolio. But as a result of the deficient investment
policy of the former Board, our investment portfolio assets have not
generated positive returns so far which caused us to significantly
write-down the carrying values of the investments during Q3 2008.
Nevertheless, in the last months we have implemented an efficient
portfolio management and have undertaken great efforts to optimise
the airports in Ulan Ude, Bydgoszcz and Parma as well as the
development project in Sochaczew. Our active management approach
should lead to an improvement of their performance in the long-term,
which should enable us to realize the maximum cash value in the sales
process."

In addition the proposed resolutions cover, amongst others, changes
to the Articles of Association of the Company and the election of a
smaller Board of Directors. Several of the proposed resolutions will
also require the consent of the Jersey Financial Services Commission.
Detailed information on the content of all proposed resolutions will
be available at the Company's website www.airportsinternational.eu.

Finally Vilsmeier invites all certificate holders of AI to take part
at the EGMs. As the Company is subject to Jersey Company Law all
certificate holders who intend to attend and vote at the EGMs have to
complete and sign the Form of Proxy that will be available for
download - both in German and English - on the website of the Company
www.airportsinternational.eu.

More information on AI Airports International is available at:
www.airportsinternational.eu

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:

Please address any inquiries to:

Investor Relations and Public Relations

Hochegger Financial Relations GmbH;

Dieter Riedlinger

T: +43 (01) 504 69 87 344;

M: d.riedlinger@hochegger.com

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