Continental Airlines-KLM Codeshare Agreement Benefits Frequent Flyers Of Both Airlines

The codeshare
agreement between KLM Royal Dutch Airlines (NYSE: KLM; AEX: KLM) and
Continental Airlines (NYSE: CAL), which goes into effect on January 15, 2002
(subject to government approval), offers major benefits to both carriers`
frequent flyers.

Members of the two airlines` frequent flyer programs, Continental`s
OnePass and KLM`s Flying Dutchman, can earn points or miles on all flights
operated by the other carrier effective December 1, 2001 and redeem miles or
points on the other carrier`s flights effective January 1, 2002.  To celebrate
the agreement, between January 1 and March 31, 2002 Flying Dutchman members
can earn double points on all Continental flights and OnePass members can earn
double miles on all KLM flights.

KLM and Continental have also agreed to offer their passengers access to
each other`s airport lounges.  Effective January 15, 2002 (subject to
government approval of the codeshare agreement), Continental`s BusinessFirst
customers and Presidents Club members will have access to KLM`s Business Class
lounge at Amsterdam/Schiphol, while KLM`s Business Class passengers and
Royal/Silver Wing members will have access to Continental`s President Club
lounges at New York/Newark.

As announced earlier, subject to government approval, effective
January 15, 2002 Continental will place its “CO*” code on selected flights to
more than 35 European and selected Middle Eastern and African destinations
operated by KLM and KLM Cityhopper beyond its Amsterdam hub which connect with
Continental`s flights between New York/Newark and Amsterdam.  At the same
time, KLM will place its “KL*” code on Continental`s flights between New
York/Newark and Amsterdam, as well as on selected flights to U.S. destinations
operated by Continental beyond its New York/Newark and Houston hubs which
connect to KLM`s flights between Amsterdam and these cities.  The codeshare
flights will be available for sale effective December 15, 2001.
KLM Royal Dutch Airlines ( ) and its partners serve over
400 cities in 78 countries on six continents with a fleet of 130 aircraft from
its home base Amsterdam Schiphol in the Netherlands, one of the world`s most
modern hub airports.  KLM is the core airline of the KLM Group, further
comprising KLM cityhopper, KLM uk, and Transavia.
KLM and Northwest Airlines operate the world`s fourth largest airline
alliance.  Through this alliance and close cooperation with a wide range of
European and intercontinental network and route partners, KLM offers
passengers and shippers more than 130,000 city-pair connections throughout the
world via one or more hubs.
KLM, the world`s oldest airline still operating under its original name,
has built a solid reputation worldwide as a leading carrier in its core
business activities, the transportation of passengers and cargo.  In fiscal
2000/2001 KLM carried more than 16.1 million passengers and 502,000 tons of

Continental Airlines ( ), the world`s sixth largest
airline, operates more than 1,900 departures daily to 122 U.S. and
89 international destinations—more international cities than any other U.S.
carrier.  In Europe and the Middle East, Continental serves 16 cities in
11 countries, operating up to 129 departures weekly to its U.S. gateway hubs
at New York/Newark and Houston, with onward connections to cities throughout
North America, Latin America and the Caribbean.  Continental operates a six-
times-weekly non-stop service between Amsterdam and New York/Newark.
Continental was named the 2001 Airline of the Year by Air Transport World,
making it the only carrier to receive this honor twice in five years.
Continental also won five awards, more than any other airline, at the OAG
Airline of the Year Awards 2001, including Best Trans-Atlantic Airline and
Best Long-Haul Executive/Business Class.  Continental`s alliance carriers in
Europe include Air Europa, Air France, KLM Royal Dutch Airlines and Virgin
Atlantic Airways.