euro adhoc: Austrian Airlines AG / Capital measures / Austrian Airlines Österreichische Luftverkehrs AG announces resolution on capital increase Austrian Financial Market Authority approves prospectus

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Disclosure announcement transmitted by euro adhoc. The issuer is responsible
for the content of this announcement.
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15.11.2006

With the agreement of the Supervisory Board, the Board of
Management of Austrian Airlines Österreichische
Luftverkehrs-Aktiengesellschaft 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 Österreichische
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.

Disclaimer: This adhoc-release constitutes neither an offer to
sell nor a solicitation to buy any securities. A prospectus is
published in accordance with the Austrian Capital Market Act.,
which is available free of charge at Austrian Airlines
Österreichische Luftverkehrs AG, Fontanastraße 1, A-1107 Wien,
Austria, Fax: +43 (0)1 688 55 01 and at Bank Austria Creditanstalt
AG, Vordere Zollamtsstrasse 13, A-1030 Wien; Am Hof 2,
A-1010 Wien and Schottengasse 6, A-1010 Wien, Austria. Any
securities orders received prior to 16 November 2006 will be
rejected.

This adhoc-release is not being issued in the United States of
America (USA) and must not be distributed to "U.S. persons" (as
defined in Regulation S of the U.S. Securities Act of 1933, as
amended) or publications with a general circulation in the USA.
This adhoc-release does not constitute an offer or invitation
to purchase any securities in the USA. The securities of Austrian
Airlines Österreichische Luftverkehrs-Aktiengesellschaft have
not been registered under the Securities Act and may not be
offered, sold or delivered within the USA or to U.S. persons
absent from registration under or an applicable exemption from
the registration requirements of the United States securities
laws.

end of announcement euro adhoc 15.11.2006 15:12:33
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ots Originaltext: Austrian Airlines
Im Internet recherchierbar: http://www.presseportal.de

Further inquiry note:
Konzernkommunikation:
Johannes Davoras
Johann Jurceka
Tel.: 051766-1231

Investor Relations
Dr. Prisca Havranek-Kosicek
Tel.: 051766 - 3700

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


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