euro adhoc: Austrian Airlines AG / Capital measures / Austrian Airlines Österreichische Luftverkehrs-Aktiengesellschaft contemplates capital increase

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Disclosure announcement transmitted by euro adhoc.
The issuer is responsible for the content of this announcement.
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03.10.2006

In order to implement an ordinary capital increase later this year,
Austrian Airlines Österreichische Luftverkehrs-Aktiengesellschaft
intends to invite its shareholders to an extraordinary Shareholders’
Meeting at the Austria Center Vienna at 10.00 a.m. on 2 November
2006. The agenda will provide for resolutions regarding an ordinary
capital increase under sections 149 et seq. of the Austrian Stock
Corporation Act (Aktiengesetz) with a maximum volume of up to 68
million bearer shares with no par value and a simplified capital
reduction under sections 182 et seq. of the Austrian Stock
Corporation Act. By means of the simplified capital reduction the
calculated notional amount per share of EUR 7.27 is intended to be
reduced to EUR 3.00. The capital increase is intended to be
implemented by way of an ‘at market bookbuilt offering’. The Austrian
syndicated shareholders support the contemplated capital increase.

Disclaimer: This ad hoc release constitutes neither an offer to sell
nor a solicitation to buy any securities. A public offer of shares by
Austrian Airlines Österreichische Luftverkehrs-Aktiengesellschaft has
not yet taken place. Any securities orders received prior to the
commencement of the offer period will be rejected. If a public offer
is made in Austria, a prospectus will be published in accordance with
the Austrian Capital Market Act. This ad hoc release is not being
issued in the United States of America (USA) and must not be
distributed to "U.S. persons" (as defined in Regulation S of the U.S.
Securities Act of 1933, as amended) or publications with a general
circulation in the USA.

This ad hoc release does not constitute an offer or invitation to
purchase any securities in the USA. The securities of Austrian
Airlines Österreichische Luftverkehrs-Aktiengesellschaft have not
been registered under the Securities Act and may not be offered, sold
or delivered within the USA or to U.S. persons absent from
registration under or an applicable exemption from the registration
requirements of the United States securities laws.

end of announcement euro adhoc 03.10.2006 07:16:08
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ots Originaltext: Austrian Airlines
Im Internet recherchierbar: http://www.presseportal.de

Further inquiry note:
Konzernkommunikation:
Johannes Davoras
Johann Jurceka
Tel.: 051766-1231

Investor Relations
Dr. Prisca Havranek-Kosicek
Tel.: 051766 - 3700

Branche: Air Transport
ISIN: AT0000620158
WKN: 875224
Index: WBI, ATX Prime, ATX
Börsen: Wiener Börse AG / official dealing