euro adhoc: Austrian Airlines AG / Capital measures / Capital Increase with approximately EUR 367 million offer volume successfully completed

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Disclosure announcement transmitted by euro adhoc. The issuer is responsible
for the content of this announcement.
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01.12.2006

Offer price fixed at EUR 7.10 per new share

Following the expiry of the subscription and offer periods for the
public offer in Austria of up to 51,680,000 new ordinary bearer
shares with no par value of Austrian Airlines Österreichische
Luftverkehrs-Aktiengesellschaft, the company announces the
successful completion of the offering.

Result of the ordinary capital increase - overview

Volume of the capital increase

(calculated notional amount) EUR 3 divided into 51,680,000 new ordinary
bearer shares with no par value
Final offer price EUR 7.10 per new share
Offer volume EUR 366,928,000

Commencement of trading of the
new shares on the Vienna
Stock Exchange expected for 5 December 2006

Demand was strong amongst both international institutional investors
as well as retail and institutional investors in Austria. The
principal shareholder, ÖIAG, and the other shareholders
represented in the Austrian Syndicate also participated in the
offering (as previously announced), and continue to hold a total
share of 50% plus one share in the company. Merrill Lynch and
Bank Austria Creditanstalt acted as underwriters and advised
Austrian Airlines Österreichische Luftverkehrs-Aktiengesellschaft
in connection with the implementation of the capital increase.

Austrian Chief Executive Officer Alfred Ötsch commented as
follows on the successful capital increase: 'With the
successful completion of our transaction, we have taken an
important step in our restructuring program. I would like to
thank our institutional and retail investors for the confidence
they have shown in the company. The fact that we were able to place
all of the offered new shares in the current volatile market
environment of the airline industry underlines the acceptance of
our corporate strategy. We also believe that it reflects the
investors' confidence in the company's future prospects as it
continues to assert itself as a specialist carrier in the European
airline market.

The proceeds from the offering will enable us to boost our earning
power as a leading airline in air traffic to Eastern Europe, and to
strengthen our capital structure. In addition, the proceeds
will allow us to speed up the restructuring measures already
introduced with the aim of achieving profitable growth as a quality
airline and ultimately returning to profitability.'

Disclaimer: This ad hoc release constitutes neither an offer to
sell nor a solicitation to buy any securities. The securities have
already been sold.

This ad hoc release and the information contained therein are not
designed for circulation in the United States of America (USA) or
within the USA, and may not be distributed or conveyed to "U.S.
persons" (as defined in Regulation S of the U.S. Securities Act
of 1933 in the currently valid version) or to publications
with a general distribution in the USA.

The new shares and purchase rights have not been registered
either in accordance with the United States Securities Act of 1933
("Securities Act") or with other securities supervisory authorities
of the USA. Purchase rights may not be exercised by or for persons
in the USA. Persons outside the USA may only exercise purchase
rights in "offshore transactions" and subject to application of
Regulation S of the Securities Act.

end of announcement euro adhoc 01.12.2006 16:23:33
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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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