euro adhoc: Austrian Airlines AG / Capital measures / Austrian Airlines AG launches capital increase based on resolutions passed at the Annual Shareholders' Meeting on 7 May 2008

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Disclosure announcement transmitted by euro adhoc. The issuer is responsible
for the content of this announcement.
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22.08.2008

Based on the resolutions passed by the Ordinary Annual Shareholders´
Meeting of Austrian Airlines AG on 7 May 2008, after the entry of
these resolutions in the Commercial Register and the withdrawal of
all legal challenges, the company will launch the capital
increase by issuing up to 57,120,000 new bearer shares. The
subscription period starts on 25 August and ends on 8 September 2008,
12.00 p.m., CET. The exact volume of the capital increase will be
determined after the expiration of the subscription period.

New bearer shares will be issued with full subscription rights of
the existing shareholders. Those shares not allocated to
existing shareholders which exercise their subscription rights,
will be allocated to "JJW Central & Eastern Europe
Beteiligungsverwaltungs GmbH" (the company of investor Al Jaber) in
an amount corresponding to 20% of the shares in Austrian Airlines,
after taking into consideration the subscription rights exercised by
the Company's existing shareholders.

There will be no trade of the subscription rights. The company did
not publish a prospectus and did not instruct any third person to
conduct a trade of the subscription rights.

Disclaimer: This adhoc-release constitutes neither an offer to
sell nor a solicitation to buy any securities. 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
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.

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