EANS-News: Air Berlin PLC Successfully Places Convertible Bonds

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Corporate news transmitted by euro adhoc. The issuer/originator is solely
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Company Information

Berlin, (euro adhoc) - The order book for the placement of Air Berlin
PLC's convertible bonds, announced today, has been closed after only
3 hours. Strong demand allowed to increase the issue size of 120
million euros by 20 million euros to 140 million euros.

"We were able to close the order book after only a very short time
and place the convertible bonds successfully on the market and even
exceeded the issue amount. After our success in ending our past
financial year with a net profit, the placement of the bonds
demonstrates as much more the confidence of institutional investors
to our future development and our intensified turnaround programme,"
said airberlin Chief Financial Officer, Ulf Hüttmeyer.

The convertible bonds, which can be converted into Air Berlin PLC
ordinary shares, are issued at 100 per cent of nominal value with an
annual interest rate of 6 per cent. The conversion price will be EUR
2.82. Air Berlin PLC intends to use the revenue from the sale of
these convertible bonds for working capital and general business
purposes. Major shareholder and strategic partner Etihad Airways has
subscribed to 29.2 per cent of the convertible bonds, corresponding
to its stake in Air Berlin PLC. Credit Suisse Securities (Europe)
Limited was mandated as sole lead manager and sole bookrunner for the
bonds with Commerzbank and quirin Bank as Co-Managers.

Further inquiry note:
Mathias Radowski
Press Officer
Tel.: +49 (0)30/3434-1500
E-Mail: Mathias.Radowski@airberlin.com

end of announcement euro adhoc
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company: Air Berlin PLC
The Hour House, High Street 32
UK-WD3 1ER Rickmansworth, Herts
phone: +49 (0)30 3434 1500
FAX: +49 (0)30/3434-1509
mail: abpresse@airberlin.com
WWW: http://www.airberlin.com
sector: Air Transport
ISIN: GB00B128C026
indexes: SDAX, Classic All Share, Prime All Share
stockmarkets: free trade: Berlin, München, Hamburg, Düsseldorf, free trade/Bondm:
Stuttgart, regulated dealing/prime standard: Frankfurt
language: English