EANS-Adhoc: Air Berlin PLC / Air Berlin PLC announces the result and the economic effects of the partial ac-quisition of the 2009 9% convertible bond

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ad-hoc disclosure pursuant to section 15 of the WpHG 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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9% covertible bond

12.11.2010

London, 12 November 2010 - After the period in which holders of the
125m Euro 9% convertible bond issued by Air Berlin Finance B.V. in
2009 (ISIN DE000A1ALH01) could offer the sale of their outstanding
bonds to Air Berlin PLC expired on 11 November 2010 (see the ad hoc
notifications dated 1 and 9 November 2010), Air Berlin gives notice
that it will acquire bonds in an aggregate nominal amount of 109.45m
Euro at a rate of 123%. The purchase price amounts to 61,500 Euro
plus accrued but unpaid interest for each of the 2,189 bonds in a
nominal amount of 50,000 Euro. As bonds in an aggregate nominal
amount of 119.25m Euro have been offered to the company at a rate of
123%, it will exercise its right to accept these offers on a pro-rate
basis. In consequence, it will purchase approximately 92% of all
bonds offered and with an aggregate purchase price of approximately
134.6m Euro it will not exceed the envisaged maximum total purchase
price of 135m Euro plus accrued but unpaid interest. In accordance
with IFRS, this results in one time expenses of effectively 28.6m
Euro and has a one time impact on Air Berlin PLC´s equity of -22.1m
Euro. The purchase reduces the company´s financing costs by in total
76.1m Euro for the years 2011 through 2014 in accordance with IFRS.
As per today the number of ordinary shares in which the holders may
convert their outstanding bonds is reduced from approximately 31.2m
to approximately 3.9m. The company points out that Air Berlin Finance
B.V. intends to exercise its right to redeem the remaining bonds at
their nominal amount of 50,000 Euro together with accrued but unpaid
interest, as the aggregate principal amount of the bonds outstanding
is less than 20% of the aggregate principal amount originally issued.

Air Berlin PLC The Hour House 32 High Street Rickmansworth WD3 1ER
Hertfordshire Great Britain WKN AB1000 (Share) on the Frankfurt Stock
Exchange (Regulated Market, Prime Standard) WKN A0NQ9H (Wandelanleihe
2007) Euro MTF Market on the Luxembourg Stock Exchange WKN A1A LH0
(Convertible Bond 2009) Open Market on the Frankfurt Stock Exchange
WKN AB 100A (Anleihe 2010) segment Bondm of the Open Market on the
Stuttgart Stock Exchange

Not for release, publication or distribution in the United States,
Canada, Australia and Japan and in any other jurisdiction in which
offers or sales of securities of Air Berlin PLC (the "Securities")
are prohibited by applicable law. This document does not constitute
an offer to sell or a solicitation of an offer to purchase securities
of Air Berlin PLC. The Securities may not be offered or sold in the
United States under the U.S. Securities Act of 1933, as amended,
absent registration or an exemption from registration. No public
offering of Securities will be made in the United States. This
document is not for general publication, release or distribution in
the United Kingdom and may only be distributed in the United Kingdom
to persons who (i) are investment professionals falling within
article 19 (5) of the U.K. Financial Services and Markets Act 2000
(Financial Promotion) Order 2005, in its current version (the
"Order"), or (ii) are high net worth entities or other persons to
whom it may lawfully be communicated falling within article 49 (2)
(a) to (d) of the Order (all such persons will be termed "Relevant
Persons" below). Anyone in the United Kingdom who is not a Relevant
Person may not act on the basis of this press release or its
contents. Any investment or investment activity to which this press
release refers is only available to Relevant Persons and is only
carried out with Relevant Persons.

end of announcement euro adhoc
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ots Originaltext: Air Berlin PLC & Co Luftverkehrs KG
Im Internet recherchierbar: http://www.presseportal.de

Further inquiry note:

Ingolf Hegner

Head of Investor Relations

+49 (0)30 3434 1532

ihegner@airberlin.com

Branche: Air Transport
ISIN: GB00B128C026
WKN: AB1000
Index: SDAX, Classic All Share, Prime All Share
Börsen: Frankfurt / regulated dealing/prime standard
Berlin / free trade
Hamburg / free trade
Stuttgart / free trade
Düsseldorf / free trade
München / free trade