Mohamed Bin Issa Al Jaber, the Austrian Saudi-Arabian businessman and owner of hotels in Vienna
(including the recently opened luxury hotel ‘The Ring’), has announced his interest in acquiring
a strategic participation for approximately EUR 150 million in Austrian Airlines AG.Intensive
negotiations are currently underway, although no resolutions have yet been passed. The
Management Board will provide the Supervisory Board with comprehensive details of the
situation at the next Supervisory Board meeting on 12 March 2008. Such investment could be
realized by way of shareholders resolution on a capital increase excluding the subscription
rights. One precondition for such an investment is the safe-guarding of an Austrian majority
within the syndicate managed by ?-IAG.
A strategic investment of this nature would be to support the expansion strategy of Austrian
Airlines AG in the Middle East.
At the same time, the companies will strive to conclude a cooperation agreement in the tourist
sector, where the corporate group JJW Hotels & Resorts, belonging to the investor, is active.