EANS-Adhoc: Jungfraubahn Holding AG / Jungfrau Railway Group to invest in new aerial cableway system

--------------------------------------------------------------------------------
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.
--------------------------------------------------------------------------------

Strategic management decisions
19.12.2012

The Jungfrau Railway Group aims to improve access to the Kleine
Scheidegg-Männlichen ski area and the Jungfraujoch and ensure the
long-term competitiveness of the ski area. It is to invest a total of
around 160 million francs in a new aerial cableway system.

In July 2011, the Jungfrau Railway Group announced that together with
the Grindelwald-Männlichen Gondola Cableway, it wants to build an
aerial cableway to increase the attractiveness of the Kleine
Scheidegg-Männlichen ski area and also reduce travelling time to the
Jungfraujoch. In the meantime, various options have been examined and
their feasibility clarified. The Jungfrau Railway Group and the
Grindelwald-Männlichen Gondola Cableway have now decided to construct
a V-cableway. Two aerial gondola cableways will travel from one
valley station at Grindelwald Grund to Männlichen and to
Eigergletscher. The branch to Eigergletscher, where guests can change
to the Jungfrau Railway, will be operated by the Jungfrau Railway
Group and the one to Männlichen by the Grindelwald-Männlichen Gondola
Cableway. At the same time, the Jungfrau Railway Group will replace
old rolling stock and purchase new trains for the Wengernalp Railway
(WAB) and Jungfrau Railway. The investment of around 160 million
francs planned by the Jungfrau Railway Group will be spread across
the years 2013 to 2017. In addition, the Grindelwald-Männlichen
Gondola Cableway will invest around 35 million francs.

The new cableway system will fulfil skiers' requirements for faster
and easier transport. Travelling time will be considerably reduced.
The Jungfrau Railway Group will thus create the prerequisites to
reach its target of carrying one million guests to the Jungfraujoch
every year. The company will be able to organize its railway
operation with greater efficiency.

At 13.30 h on 19 December 2012, the Jungfrau Railway Group, with the
Grindelwald-Männlichen Gondola Cableway, Canton Bern and the
Grindelwald Municipality will hold a media conference in Interlaken
and provide detailed information on the planned aerial cableway. At
the media conference, the impact on the railway and road
infrastructure will be addressed and perspectives for improved public
transport services illustrated.

Further inquiry note:
Urs Kessler, CEO
+41 79 407 90 52

end of announcement euro adhoc
--------------------------------------------------------------------------------

issuer: Jungfraubahn Holding AG
Harderstrasse 14
CH-3800 Interlaken
phone: +41 (0)33 828 71 11
FAX: +41 (0)33 828 72 64
mail: jb@jungfraubahn.ch
WWW: www.jungfraubahn.ch
sector: Railway
ISIN: CH0017875789
indexes: SPI
stockmarkets: Domestic Standard: SIX Swiss Exchange
language: English