euro adhoc: Austrian Airlines AG / Buybacks / Publication subject to § 82, Section 9, in connection with § 82, Section 10 of the Stock Exchange Act and Publication Regulation 2002

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Disclosure announcement transmitted by euro adhoc. The issuer is responsible
for the content of this announcement.
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21.11.2007

Austrian Airlines AG

At the 52nd Annual General Meeting of Shareholders of Austrian
Airlines AG on 4 May 2007, the General Meeting of Shareholders
adopted a resolution authorising the Board of Management, for a
period of 18 months from the authorisation, to acquire own shares
in the company up to the highest legally admissible extent of 10%
of the issued share capital including those own shares already
acquired. The lowest equivalent value to be paid in the
acquisition is EUR 5.00 per share, and the highest equivalent
value to be paid in the acquisition is EUR 20.00 per share.

The Board of Management of Austrian Airlines AG has now
decided to take advantage of this authorisation to acquire its own
shares. It envisages the programme for the acquisition as follows:

1. The day on which the General Meeting of Shareholders adopted the resolution
authorising the acquisition, subject to § 65, Section 1, Point 8 of the
Austrian Stock Corporation Act (Aktiengesetz), was 4 May 2007.

2. The day on which the General Meeting of Shareholders published this
resolution in the Amtsblatt zur Wiener Zeitung, subject to § 65, Section 1a
of the Austrian Stock Corporation Act (Aktiengesetz), was 8 May 2007.

3. The acquisition programme begins on 27 November 2007, and is expected to
end on 29 February 2008.

4. The acquisition programme relates to ordinary bearer shares of Austrian
Airlines AG with no nominal value.

5. Intended volume: up to 2,570,400 own shares, which is equivalent of up to
3% of the current issued share capital. The company currently holds
1,700,000 already acquired own shares, so that the company would hold 4.98%
of the current issued share capital, if the total intended volume would be
used.

6. According to the resolution of the General Meeting of Shareholders on 4 May
2007 the lowest equivalent value to be paid in the acquisition is EUR 5.00,
and the highest equivalent value to be paid in the acquisition is EUR
20.00.

7. a) Type of acquisition: the acquisition is to take place via the Stock
Exchange.

b) Purpose: the shares acquired can be used for all purposes, which are
covered and authorised by the resolution of the General Meeting of
Shareholders on 4 May 2007. The company particularly reserves the right to
possibly use the acquired shares for an employee participation programme,
or possibly for the Stock Option Programme 2007 or to dispose the shares if
necessary via the stock exchange or by means of a public offer. Trading in
own shares must not be the purpose of the acquisition.

8. Possible effects of the acquisition programme on the stock exchange listing
of the shares of the issuer: none.

9. The number and distribution of share options granted to employees, managers
and members of the Board within the framework of Stock Options Plans (SOP),
indicating the respective obtainable number of shares, whereby one share
option is equivalent to one share:

SOP 2002

Alfred Ötsch -
Vagn Soerensen 170,940
Josef Burger 119,664
Thomas Kleibl 119,664
Walter Bock 119,664

Total Board of Management 529,932
Total Management (incl. subsidiaries) 917,828
Total options granted 1,447,760

SOP 2007

Alfred Ötsch 150,000
Thomas Kleibl 150,000

Total Board of Management 300,000
Total Management (incl. subsidiaries) 871,000
Total options granted 1,171,000

Austrian Airlines AG intends to fulfil its duties of publication
subject to §§ 6 and 7 of the Publication Regulation through
the publication of the information via the publicly accessible
internet website of Austrian Airlines AG (www.austrian.com).

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 21.11.2007 19:33:45
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ots Originaltext: Austrian Airlines
Im Internet recherchierbar: http://www.presseportal.de

Further inquiry note:
Konzernkommunikation:
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, ATX
Börsen: Wiener Börse AG / official market