Supreme Court of the Philippines Rules that PIATCO is Entitled to Compensation for Manila Terminal Project

Frankfurt (ots) - Fraport AG welcomes the decision of the Supreme
Court of the Philippines in Manila of September 8, 2015, that the
government of the Philippines must pay a compensation to the PIATCO
project company in the amount of US$510 million. This amount takes
into account a previous advance payment of about US$59 million made
in 2006 by the Philippine government to PIATCO (including interest as
of December 31, 2014) in connection with the Terminal 3 project at
Manila Airport.

The decision is not yet final. It remains to be seen whether the
parties involved will seek any legal recourse against the ruling.
The date, when the Philippine government will meet its liability to
pay compensation to PIATCO, will depend upon the further progress of
the proceedings. Only then can Fraport AG also receive a
compensation payment.

The Philippine government declared the concession contract with
the PIATCO project company (in which Fraport has a 30 percent share)
null and void and, in 2004, took away the newly PIATCO-built terminal
in the capital city of Manila. To date, the Philippine government
has not yet paid full compensation for PIATCO's investments, although
the new terminal today is being used by more than 13 million
passengers per year and generates corresponding revenues.

Print-quality photos of Fraport AG and Frankfurt Airport are
available for free downloading via the photo library located in our
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Fraport AG - which ranks among the world's leading companies in
the global airport business - offers a full range of integrated
airport management services and boasts subsidiaries and investments
on five continents. In 2014, the Fraport Group generated sales of
EUR2.4 billion and profit of about EUR252 million. Last year more
than 108.5 million passengers used airports around the world in which
Fraport has more than a 50 percent stake.

At its Frankfurt Airport (FRA) home base, Fraport welcomed about
60 million passengers and handled some 2.2 million metric tons of
cargo (airfreight and airmail) in 2014. For the current winter
timetable, FRA is served by 98 passenger airlines flying to some 250
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 about
55 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 80,000 people at some 500
companies and organizations on site. Major new real estate
developments - such as The Squaire, the Gateway Gardens business
park, and the Mönchhof Logistics Park - are creating an exciting new
dimension and range of services at the evolving Frankfurt Airport
City of the 21st century.

Almost half of Germany's population lives within a 200-kilometer
radius of the FRA intermodal travel hub - the largest airport
catchment area in Europe. 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 industries, networked expertise, and
outstanding intermodal transportation infrastructure, FRA's world
route network enables Hesse's and Germany's export-oriented
businesses to flourish in global growth markets.

Frankfurt Airport meets the increasing needs of the
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 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 global logistics chain.

Pressekontakt:
Fraport AG
Robert A. Payne
International Spokesman
Press Office, Corp.Communications
Telephone: +49 69 690-78547
E-mail: r.payne@fraport.de
60547 Frankfurt, Germany
Internet: www.fraport.com
Facebook: www.facebook.com/FrankfurtAirport