EANS-Adhoc: Meinl Airports International Ltd. / Board of Directors decided on initial repayment to AI certificate holders

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ad-hoc disclosure transmitted by euro adhoc with the aim of a Europe-wide
distribution. The issuer is solely responsible for the content of this
announcement.
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25.05.2009

Board of Directors decided on initial repayment to AI certificate
holders

Jersey, May 25, 2009 - The Board of Directors of AI Airports
International Limited announces that it has decided on the initial
tranche for the capital repayment to certificate holders. This
decision came after the Jersey Financial Services Commission
confirmed the validity of the resolutions passed at the Extraordinary
General Meetings on April 22, 2009. The company had previously
indicated a first interim payment of EUR3.50 per share. However, the
current Board has now determined, after careful analysis, that the
maximum first interim distribution justifiable at this time is
EUR2.25 per share. This new figure is lower than indicated before and
during the EGM on 22 April, 2009 as a result of a re-evaluation of
contingent liabilities and the potential expenditure that could be
required in order to maximise value and the ultimate repayments to
certificate holders. The Board currently expects that the shortfall
in the current distribution is a timing difference rather than an
indication of value erosion.

The board also anticipates additional repayments in the future with a
second interim repayment completed as soon as it is prudently able to
do so. The timing and quantum of these future repayments will be made
according to the progress of the ongoing sales process, realising
value in other potential assets of the Company including the
resolution of litigation, and from the resolution of the Company´s
contractual liabilities and other valid claims.

The capital repayment (except in respect of certificates held by the
company) will be transferred to the shareholders of the company,
including Oesterreichische Kontrollbank Aktiengesellschaft ("OeKB")
on or about June 1, 2009. OeKB holds 69,999,997 shares in the company
on account of the certificate holders. OeKB has been instructed to
transfer the capital repayment received (except in respect of
certificates held by the company) to the account holding banks on or
about June 2, 2009, based on the deposit account balances as of June
1, 2009. The account holding banks will then credit the capital
repayment to the accounts of the individual certificate holders. No
action on part of certificate holders is necessary to enable this
capital repayment.

The ADCs of AI will trade ex-capital repayment from June 2, 2009 on.

All certificate holders are encouraged to take their own tax advice
regarding the tax treatment of the capital repayment.

Further information about AI Airports International is available at:
www.airportsinternational.eu

AI Airports International Limited is regulated by the Jersey
Financial Services Commission. The registered office is at 17 The
Esplanade; St. Helier, Jersey JE4 9NY; Channel Islands

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:

Investor Relations and Public Relations

Hochegger Financial Relations GmbH, Dieter Riedlinger-Baumgartner,

T: +43 1 504 69 87 344, M: d.riedlinger@hochegger.com

Branche: Real Estate
ISIN: AT0000A053N4
WKN:
Index: other listings
Börsen: Wien / Third Market