EANS-Adhoc: Flughafen Wien AG / Ad-hoc information from Flughafen Wien AG on the increase of its holding in Malta Airport

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Mergers - Acquisitions - Takeovers/increase of stake / outlook
30.03.2016

Ad-hoc information from Flughafen Wien AG on the increase of its
holding in Malta Airport

Flughafen Wien AG hereby announces the fulfilment of the closing
conditions and thus the legally valid closing of the share purchase
agreement to acquire SNC- Lavalin Group Inc.'s indirect stake in MMLC
Holdings Malta Limited (formerly, SNC-Lavalin (Malta) Limited, "SNCL
Malta"). SNCL Malta has a 38.75% interest in Malta Mediterranean Link
Consortium Limited ("MMLC"), which in turn has a 40% interest in
Malta International Airport plc ("Malta Airport"). As of today, the
total consolidated holding of Flughafen Wien AG in Malta Airport
amounts to more than 48%.

The total value of the transaction amounts to approximately EUR 64
million, equivalent to EUR 3.00 per Malta Airport share plus
adjustments to net working capital.

Before the transaction, Flughafen Wien AG's total direct and indirect
holding in Malta Airport equalled 32.94%. By acquiring SNC-Lavalin
Group Inc.'s indirect stake in MMLC, Flughafen Wien AG has now
increased its total indirect holding in Malta Airport by a further
15.5%. Thus, Flughafen Wien AG's total consolidated holding in Malta
Airport reaches more than 48%.

Since the privatisation of Malta Airport in the year 2002, Flughafen
Wien AG has held a 57.1% stake in MMLC up until now via its
subsidiary VIE (Malta) Limited. MMLC has been responsible for the
operating management of Malta Airport up until now, and reported the
airport as a subsidiary fully consolidated in its consolidated
subgroup financial statements.

Due to the acquisition of the indirect stake held by SNC-Lavalin
Group Inc., Flughafen Wien AG's shareholding in MMLC has increased to
more than 95%.

The changed recognition of Flughafen Wien Group's strategic
investment in MMLC as of the closing positively affects the outlook
of the Flughafen Wien Group for the 2016 financial year (before
revaluation effects related to the acquisition). EBITDA is now
expected to total at least EUR 310 million instead of at least EUR
280 million, and the net profit for the period before non-controlling
interests is now forecast to rise from at least EUR 105 million to at
least EUR 115 million. The revaluation of the strategic investment is
also likely to lead to a positive change in the equity of the
Flughafen Wien Group, which will be reported as a one-off effect in
its consolidated income statement too.

Further inquiry note:
Investor Relations:
Mag. Judit Helenyi (+43-1)7007-23126; j.helenyi@viennaairport.com
Mario Santi (+43-1)7007-22826; m.santi@viennaairport.com

end of announcement euro adhoc
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issuer: Flughafen Wien AG
Postfach 1
A-1300 Wien-Flughafen
phone: +43 1 7007 - 22826
FAX: +43 1 7007 - 23806
mail: investor-relations@viennaairport.com
WWW: http://viennaairport.com/unternehmen/investor_relations
sector: Transport
ISIN: AT0000911805
indexes: ATX Prime
stockmarkets: official market: Wien
language: English