EANS-Adhoc: Air Berlin PLC places convertible bond offering

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ad-hoc disclosure pursuant to section 15 of the WpHG transmitted by euro
adhoc with the aim of a Europe-wide distribution. The issuer is solely
responsible for the content of this announcement.
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placement convertible bonds

20.08.2009

London, 20 August 2009 - Air Berlin PLC priced and placed convertible
bonds today in an aggregate principal amount of 125 million Euro with
institutional investors outside the United States, Canada, Australia
and Japan. The convertible bonds, which will be guaranteed by Air
Berlin PLC, will be issued by Air Berlin Finance B.V. and will be
convertible into shares of Air Berlin PLC. The pre-emptive rights of
Air Berlin PLC's shareholders are excluded. . The convertible bonds
denominated into units with a nominal value of 50,000 Euro will have
a maturity of 5 years and a coupon of 9%. The conversion price per
share was agreed between Air Berlin PLC and the institutional
investors and was set at 4.01 Euro. The convertible bonds will be
issued at 100% of their principal amount and will be redeemed at 100%
of their principal amount on 24 August 2014, subject to prior
conversion into shares of Air Berlin PLC or early redemption.
Settlement and closing are expected to occur on or about 25 August
2009. Air Berlin PLC intends to list the convertible bonds in the
open market (Freiverkehr) of the Frankfurt Stock Exchange at the
latest by the end of September 2009. Air Berlin intends to use
proceeds from the sale of the convertible bonds for refinancing
(including buyback of outstanding 2007/2027 convertible bonds) and
general corporate purposes. Morgan Stanley Bank AG and quirin bank AG
have acted as Joint Bookrunners and Lead Managers of the bond issue.

Air Berlin PLC
The Hour House
32 High Street
Rickmansworth WD3 1ER
Hertfordshire Great Britain
WKN AB1000 (Share)
on the Frankfurt Stock Exchange
(Regulated Market, Prime Standard)
WKN A0NQ9H (Wandelanleihe 2007)
Euro MTF Market
on the Luxembourg Stock Exchange
WKN A1A LH0 (Convertible Bond 2009)
Open Market on the Frankfurt Stock Exchange

Not for release, publication or distribution in the United States,
Canada, Australia and Japan and in any other jurisdiction in which
offers or sales of securities of Air Berlin PLC (the "Securities")
are prohibited by applicable law. This document does not constitute
an offer to sell or a solicitation of an offer to purchase securities
of Air Berlin PLC. The Securities may not be offered or sold in the
United States under the U.S. Securities Act of 1933, as amended,
absent registration or an exemption from registration. No public
offering of Securities will be made in the United States. This
document is not for general publication, release or distribution in
the United Kingdom and may only be distributed in the United Kingdom
to persons who (i) are investment professionals falling within
article 19 (5) of the U.K. Financial Services and Markets Act 2000
(Financial Promotion) Order 2005, in its current version (the
"Order"), or (ii) are high net worth entities or other persons to
whom it may lawfully be communicated falling within article 49 (2)
(a) to (d) of the Order (all such persons will be termed "Relevant
Persons" below). Anyone in the United Kingdom who is not a Relevant
Person may not act on the basis of this press release or its
contents. Any investment or investment activity to which this press
release refers is only available to Relevant Persons and is only
carried out with Relevant Persons.

end of announcement euro adhoc
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ots Originaltext: Air Berlin PLC & Co Luftverkehrs KG
Im Internet recherchierbar: http://www.presseportal.de

Further inquiry note:

Ingolf Hegner

Head of Investor Relations

+49 (0)30 3434 1532

ihegner@airberlin.com

Branche: Air Transport
ISIN: GB00B128C026
WKN: AB1000
Index: SDAX, Classic All Share, Prime All Share
Börsen: Frankfurt / regulated dealing/prime standard
Berlin / free trade
Hamburg / free trade
Stuttgart / free trade
Düsseldorf / free trade
München / free trade