International Cons Airlines Group Statement on possible cash offer for Aer Lingus (0944D)

TIDMIAG TIDMAERL

RNS Number : 0944D

International Cons Airlines Group

26 January 2015

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF THAT JURISDICTION.

THIS ANNOUNCEMENT IS NOT AN ANNOUNCEMENT OF A FIRM INTENTION TO MAKE AN OFFER UNDER RULE 2.5 OF THE IRISH TAKEOVER PANEL ACT, 1997, TAKEOVER RULES 2013 ("IRISH TAKEOVER RULES") AND THERE CAN BE NO CERTAINTY THAT AN OFFER WILL BE MADE, NOR AS TO THE TERMS ON WHICH ANY OFFER WILL BE MADE.

STATEMENT ON POSSIBLE CASH OFFER FOR AER LINGUS GROUP PLC ("AER LINGUS")

International Consolidated Airlines Group, SA ("IAG") confirms it has submitted an improved proposal to make an offer for Aer Lingus. The proposal consists of an offer of EUR2.55 per share, structured as a cash payment of EUR2.50 per share, payable upon completion, in addition to an ordinary dividend of EUR0.05 per share. The proposal is subject to certain pre-conditions.

There can be no certainty that any further proposal or offer will be forthcoming. A further statement will be made if and when appropriate.

IAG Investor Relations

26 January 2015

The Directors of IAG accept responsibility for the information contained in this announcement. To the best of their knowledge and belief (having taken all reasonable care to ensure that such is the case), the information contained in this announcement for which they accept responsibility is in accordance with the facts and does not omit anything likely to affect the import of such information.

This announcement does not constitute an announcement of a firm intention to make an offer under Rule 2.5 of the Irish Takeover Panel Act, 1997, Takeover Rules 2013 (Irish Takeover Rules). A person interested in (as defined in the Irish Takeover Rules) 1% or more of any class of relevant securities of Aer Lingus may have disclosure obligations under Rule 8.3 of the Irish Takeover Rules, effective from the date of this announcement.

A copy of this announcement will be available on the IAG website at www.iagshares.com.

This information is provided by RNS

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