Deutsche Lufthansa AG / Mergers & Acquisitions 03.12.2008 Release of a Adhoc News, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- Today, the Supervisory Board of Deutsche Lufthansa AG ('Lufthansa') has approved the acquisition of up to 100 per cent of the shares in Austrian Airlines AG ('AUA'). The 41.56 per cent shareholding in AUA held by Österreichische Industrieholding AG ('ÖIAG') is to be acquired at a price of TEUR 366 together with an earn-out option (Besserungsschein). In accordance with this option, Lufthansa will pay an amount of up to EUR 162 million depending on AUAs future economic performance and on the outperformance of the Lufthansa share price. The ÖIAG Supervisory Board meeting to approve the proposed transaction is to be held on 5 December 2008. Thereafter, the parties intend to sign the related contracts. Execution of these contracts is subject to, among other things, the conditions precedent (i) of obtaining anti-trust approval, (ii) of obtaining approval by the European Commission of the EUR 500 million restructuring aid to be granted by the Republic of Austria and (iii) that Lufthansa, after the end of the initial acceptance period for the public tender offer, holds over 75 per cent of the shares in AUA. In the course of the time periods as set forth by Austrian takeover law, Deutsche Lufthansa AG will publish a public offer to AUA's free float shareholders and will also apply to the Austrian Takeover Commission for a maximum extension of the notification period. The offer price will correspond to the weighted average market price of the AUA shares over the six months prior to this announcement (subject to review by the Takeover Commission EUR 4,44 per share) and amount to a further EUR 215 million approximately. DGAP 03.12.2008 --------------------------------------------------------------------------- Language: English Issuer: Deutsche Lufthansa AG Von-Gablenz-Str. 2-6 50679 Köln Deutschland Phone: +49 (0)69 696 28002 Fax: +49 (0)69 696 90990 E-mail: investor.relations@dlh.de Internet: www.lufthansa-financials.de ISIN: DE0008232125, DE0008232125 WKN: 823212 Indices: DAX Listed: Regulierter Markt in Berlin, Frankfurt (Prime Standard), Hannover, Düsseldorf, Hamburg, München, Stuttgart; Terminbörse EUREX End of News DGAP News-Service ---------------------------------------------------------------------------
DGAP-Adhoc: Deutsche Lufthansa AG: Lufthansa Supervisory Board approves acquisition of Austrian Airlines
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