euro adhoc: Austrian Airlines AG / other / ÖIAG starts tender process for shares in Austrian Airlines AG

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Disclosure announcement transmitted by euro adhoc. The issuer is responsible
for the content of this announcement.
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13.08.2008

Austrian Airlines will support the process

With announcements in the Austrian daily paper "Wiener
Zeitung" and the European issue of the English paper
"Financial Times", Österreichische Industrieholding
Aktiengesellschaft (ÖIAG) has started today the tender process for
selling the 42.75% shareholding in Austrian Airlines. The
Austrian Government has given the go-ahead yesterday for the search
for an appropriate investor by issuing the privatization
mandate. The privatization mandate entitles ÖIAG to sell up to
100% of its shares, ensuring an Austrian core shareholder
structure with a participation of 25% plus one share. Austrian
Airlines will support the process

ÖIAG has retained the international investment bank Merrill Lynch as
exclusive financial advisor with regard to the potential sale of its
interest in Austrian Airlines to an appropriate investor.
Interested parties are invited to submit a written statement of
their interest in the Transaction to Merrill Lynch by no later than
August 24, 2008. After the signing of a Confidentiality Agreement,
an Information Package pertaining to the Company and the
Process Letter detailing the terms and conditions for participation
will be made available to interested parties. Consequently,
within the scope of the privatization mandate, obtaining
strategic concepts in the context of indicative offers, the
selection of individual investors based on submitted indicative
offers, further due diligence audits and closing negotiations of
contracts with the remaining investors are planned.

Die Angaben zur Offenlegung gemäß §§ 24 und 25 Mediengesetz
sind unter www.austrian.com auffindbar / Please find further
information concerning the disclosure according to §§ 24 and 25
Media Act on www.austrian.com

end of announcement euro adhoc
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ots Originaltext: Austrian Airlines
Im Internet recherchierbar: http://www.presseportal.de

Further inquiry note:

Corporate Communications:

Livia Dandrea-Böhm

Tel.: 051766-11231

Investor Relations

Dr. Prisca Havranek-Kosicek

Tel.: 051766 - 13311

Branche: Air Transport
ISIN: AT0000620158
WKN: 875224
Index: WBI, ATX Prime
Börsen: Wiener Börse AG / official market