EANS-News: AI Airports International Limited / Annual General Meeting Approves Winding up of the Company

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Annual & Special Corporate Meetings

St Helier, Jersey, Channel Islands (euro adhoc) - Jersey/Vienna, July
12, 2012 - All proposed resolutions on the agenda of the Annual
General Meeting (AGM) of AI Airports International Limited (AI)
- including the winding up of the Company - held today, Thursday, in
Vienna, were approved by a majority of approximately 99%.

As the Articles of Association of AI require that each director shall
retire at each AGM, the current Board of Directors put
themselves forward for re- election. James Shinehouse, Richard
Boléat, George Baird and Murdoch McKillop were re-elected as
directors of AI. James Shinehouse was also re-elected to the
position of Managing Director of AI.

In addition, the AGM also approved AI's annual accounts, the
directors' report and the auditor's report for the period January 1,
2011 to December 31, 2011. BDO Limited, Jersey, was appointed as
auditor to the Company.

Moreover, the Board of Directors was authorised to return further
capital to shareholders. The Board of Directors intends to repay an
additionall EUR 0.10 per certificate as soon as practicable
following the AGM. Furthermore, the BoD intends to repay additional
amounts as circumstances permit. The Board of Directors'
guidance of anticipated potential further repayments, after the
repayment of EUR 0.10 per certificate noted above, ranges between EUR
0.08 and EUR 0.12 per certificate, excluding treasury certificates.

Furthermore, the AGM approved the winding up of the Company in
accordance with Jersey Law. However, there can be no definitive
timescale for the finalisation of the winding up process and the
dissolution of the Company because the timing of the completion of
the litigation matters cannot be predicted. The directors believe,
however, that commencing the winding up process at this time
will provide the Company with the flexibility to wind up quickly upon
completion of the litigation matters.

Further information on AI Airports International is
available at: www.airportsinternational.eu

Further inquiry note:
Investor Relations and Public Relations
Metrum Communications GmbH
Mick Stempel
T: +43 1 504 69 87-385
M: m.stempel@metrum.at

end of announcement euro adhoc
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company: AI Airports International Limited
17 The Esplanade
A-JE4 9NY St Helier, Jersey, Channel Islands
mail: vavercakova@airportsinternational.eu
WWW: www.airportsinternational.com
sector: Real Estate
ISIN: AT0000A053N4
indexes: other listings
stockmarkets: Third Market: Wien
language: English