EANS-News: AI Airports International Limited / Annual General Meeting Approves All Resolutions with an Overwhelming Majority

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Annual & Special Corporate Meetings

St Helier, Jersey, Channel Islands (euro adhoc) - Jersey/Vienna, June
22, 2010 - All proposed resolutions on the agenda of the Annual
General Meeting (AGM) of AI Airports International Limited (AI) held
today, Tuesday, in Vienna, were approved by a majority of about 99%.

At the AGM, the Board of Directors confirmed the guidance of the
anticipated further capital distribution to certificate holders to a
range between EUR 1.75 to EUR 2.70 per certificate[1], as originally
announced on May 29, 2010. Including the amount of EUR 2.95 which has
already been paid out to certificate holders, the total capital
repayment will range between EUR 4.70 and EUR 5.65 per certificate.

Furthermore, the Board of Directors reported to the Annual General
Meeting on the sale of the company´s stake in the Polish airport of
Bydgoszcz to a co- owner. The stipulated selling price was PLN 16.5m,
equal to about EUR 4.0m at the currency translation date, which is
above the book value of this minority shareholding.

As the Articles of Association of AI require that each director shall
retire at each AGM, the current Board of Directors put themselves
forward for re- election. James Shinehouse, Richard Boléat, George
Baird and Murdoch McKillop were re-elected as directors of AI. James
Shinehouse was also re-elected to the position of Managing Director
of AI.

In addition, the AGM also approved the AI´s annual accounts, the
directors` report and the auditor´s report for the period January 1,
2009 to December 31, 2009. BDO Alto Limited, Jersey, was appointed as
auditor to the company.

Shareholders´ equity less minority interest as at the balance sheet
date of December 31, 2009 totalled EUR 187.6m (previous year: EUR
386.8m). Cash and cash equivalents amounted to EUR 199.9m (previous
year: EUR 369.3m) at the balance sheet date. The net asset value
(NAV) at year end was EUR 2.77 per certificate[1] (following capital
repayment of EUR 2.95 per certificate1 to date). Management costs of
the company in 2009 were reduced to EUR 17.2m. In the 2008 fiscal
year (until the beginning of August 2008 under the previous
management), costs were still EUR 31.0m. No management, license or
market maker fees were paid to the Meinl Bank Group in 2009.

The Board of Directors also presented to the AGM the preliminary
financial results of AI (parent company only) for the five month
period ending May 31, 2010. Shareholders´ equity amounted to EUR
184.7m. Cash and cash equivalents totalled EUR 190.9m. The management
costs of the company should be considerably further reduced, and
amounted to EUR 2.4m in the first five months of 2010.

It was announced at the AGM that the next step would be a further
cash distribution of EUR 1.10 per certificate[1], as soon as a
conclusive and binding agreement is reached concerning Parma Airport
and confirmation is received from the auditor of the company. In
addition, efforts for the sale of the airport stake Ulan Ude and the
Sochaczew development project are continuing, as well as the disposal
of AI´s stakes in two consulting companies. The aims being pursed by
management are the liquidation of the company and the distribution of
the remaining capital as instructed by certificate holders.

With respect to the current legal disputes with Meinl Bank AG, AI
notified certificate holders of the continuation of the Austrian
arbitration proceedings initiated in the previouis year on grounds of
excessively high fees. The other litigation in Jersey and the UK is
also being continued.

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

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[1] Excluding treasury certificates

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

Further inquiry note:

Metrum Communications GmbH

Mick Stempel

T: +43 1 504 69 87-385

M: m.stempel@metrum.at

Michaela Lipa

T: +43 1 504 69 87-341

M: m.lipa@metrum.at

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