Fraport to Manage Retail Malls at Four U.S. Airports / Fraport Acquires U.S.-based Airmall Group That Oversees Retailing Space at Baltimore, Boston, Cleveland and Pittsburgh Airports

Frankfurt (ots) - Effective August 1, the Fraport Group has
expanded its international portfolio in the global airport market by
acquiring 100 percent of U.S.-based AMU Holdings Inc., which owns
Airmall USA Holdings Inc. (Airmall). One of the leading
airport-concessions developers in North America, Airmall markets
space at the aviation hubs of Baltimore (BWI), Boston (BOS),
Cleveland (CLE) and Pittsburgh (PIT). Together, these four hubs serve
a total of about 70 million passengers per year. Airmall currently
oversees about 34,000 square meters (366,000 square feet) of space in
the passenger terminals at the four airports - with about 270 retail
and food and beverage outlets operated by international, national,
regional and local tenants.

Fraport AG's executive board chairman Dr. Stefan Schulte welcomed
the acquisition deal: "The retailing business at our Frankfurt
home-base has always been a growth engine and we have repeated this
success story consistently over the years at our other Group airports
worldwide. With the acquisition of Airmall, we have established a
promising platform for developing our U.S. business in the future."

Dr. Matthias Zieschang, Fraport AG's executive board member for
finance (CFO), as well as acquisitions and investments, explained:
"On the one hand, Airmall has developed a solid business at the four
U.S. airports, whereby investing makes good business sense. On the
other hand, Airmall will give us a presence at these four airports
for further expanding our brand reputation in the U.S. market." This
will give Fraport the right prerequisites for further growth on the
continent and in other parts of the world.

Airmall's headquarters will remain at Pittsburgh's international
airport. The addition of Airmall in the Fraport global portfolio will
help provide new two-way synergistic benefits -- a win-win business
relationship. Both Airmall and Fraport are dedicated to enhancing the
passenger experience at airports. Thanks to its successful
concessions model in North America, Airmall has one of the highest
per-passenger spends on the continent.

Furthermore, Airmall offers substantial expertise in the U.S.
marketplace and industry leadership as an innovator. For example,
the company was honored in the 2013 ARN Best Airports and
Concessionaires Awards (by Airport Revenue News) for best practices
in concessions design, customer service, unique services, and overall
concessions programs. The craft brew pubs at Airmall's CLE and BWI
airport malls were recently recognized in GQ Magazine?s 2014
America?s Best Airport Beer Bars ranking.

Print-quality photos of Fraport AG and Frankfurt Airport are
available for free downloading via the photo library located in our
Press Center on the Fraport Web site. For TV news and information
broadcasting purposes only, we also offer free footage material for
downloading.

About Fraport AG and Frankfurt Airport

Fraport AG - which ranks among the world's leading companies in
the global airport business - offers a full range of integrated
airport management services. Boasting subsidiaries and investments on
four continents, In 2013, the Fraport Group generated sales of EUR
2.56 billion, EBITDA of EUR 880.2 million and a profit of about EUR
236 million. Last year, more than 103 million passengers used
airports arround the world in which Fraport has a majority stake.

At its Frankfurt Airport (FRA) home base, Fraport welcomed more
than 58 million passengers in 2013 and handled some 2.1 million
metric tons of cargo (airfreight and airmail). For the current flight
timetable, FRA is served by 108 passenger airlines flying to some 295
destinations in 105 countries worldwide. More than half of FRA's
destinations are intercontinental (beyond Europe) - underscoring
Frankfurt's role as a leading hub in the global air transportation
system. In Europe, Frankfurt Airport ranks first in terms of cargo
tonnage and is the third-busiest for passenger traffic. With well
over 50 percent of all passengers using Frankfurt as a connecting
hub, FRA also has the highest transfer rate among the major European
hubs.

Frankfurt Airport City has become Germany's largest job complex at
a single location, employing more than 78,000 people at about 500
companies and organizations directly on site. The FRA Airport City
also serves as a magnet for other companies located throughout the
economically vital Frankfurt/Rhine-Main-Neckar region. Thanks to
synergies associated with the region's dynamic and diverse
industries, plus networked expertise and outstanding intermodal
transportation infrastructure, Frankfurt Airport meets the increasing
needs of the flourishing export-oriented economies of the State of
Hesse as well as Germany as a whole, for optimal connections to
growth markets around the globe. Likewise, FRA is also a strategic
gateway for companies wanting to access the huge European
marketplace. Thus, Frankfurt Airport - which is strategically located
in the heart of Europe, is one of the most important hubs in the
world and a major infrastructure site for Germany and Europe.

Major new real estate developments - such as The Squaire, the
Gateway Gardens business park, and the Mönchhof Logistics Park, etc.
- are creating an exciting new dimension and range of services at the
evolving Frankfurt Airport City of the 21st century.

Contact:

Fraport AG
Robert A. Payne
International Spokesman P
ress Office, Corp.Communications
60547 Frankfurt, Germany

Telefon: +49 69 690-78547
E-mail: r.payne@fraport.de

Internet: www.fraport.com
Facebook: www.faceebook.com/FrankfurtAirport