Austrian board agrees to re-capitalise

16th Nov 2006

With the agreement of the Supervisory Board, the Board of Management of Austrian Airlines has resolved to implement a capital increase with the
issue of up to 51,680,000 new shares at a maximum offer price of EUR 8.12 per share.The Austrian
Financial Market Authority (FMA) has approved the prospectus for the public offer of Austrian Airlines
on 15 November 2006. The new shares are issued subject to protection of the legal subscription right
of shareholders in Austrian Airlines ?-sterreichische Luftverkehrs-Aktiengesellschaft.
The result forecast for the full year 2006, that the adjusted EBIT will improve compared to the
previous year, remains valid. The EUR 87 million cost of the necessary restructuring of long-haul that
is not included in the adjusted EBIT, some EUR 16 million of which is already set as reserves in the
balance sheet, is to be charged against the unadjusted EBIT in the account balance to approximately
EUR 71 million. As a result the unadjusted EBIT will be significantly negative.


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