To all Shareholders of Vienna Airport

You can now accept the partial Offer for shares in Vienna Airport

€ 34.00 cum dividend per share

Best and final price: Vienna Airport shareholders can now accept the Offer to purchase shares made by Airports Group Europe S.à r.l. (Airports Group Europe), an indirect subsidiary of IFM Global Infrastructure Fund (IFM GIF).

The improved Offer price of EUR 34.00 cum dividend per share implies a premium of 29.3% compared to the closing price of the last trading day prior to the announcement of the Offer on 13 June 2022. Best and final price: The Offer price continues to represent an attractive premium for shareholders, considering the continued high levels of uncertainty for the aviation industry and European markets.

Shareholders will now have the possibility to accept the Offer, on a contractual basis, during the Extended Acceptance Period of 10 trading days, which runs from 26 January 2023 to 8 February 2023 at 5.00pm (Vienna time). This will be the last opportunity for shareholders to accept this voluntary partial offer.

The Offer

Airports Group Europe S.à r.l. (Airports Group Europe), an indirect subsidiary of IFM Global Infrastructure Fund (IFM GIF), is making a voluntary partial public Offer to all shareholders for approximately 9.99% of shares in Flughafen Wien Aktiengesellschaft (ISIN AT00000VIE62).

Based on public statements made on behalf of the City of Vienna, the State of Lower Austria and the Employee Foundation, Airports Group Europe expects that the Offer will only be accepted by free float shareholders. We are not seeking control of Vienna Airport under this Offer.

IFM Investors is a global infrastructure specialist owned by not-for-profit Australian pension funds, with more than 600 institutional clients worldwide, investing the retirement savings of 120 million working people, including nurses, teachers, construction and hospitality workers.

We recommend that shareholders who wish to accept the Offer contact their bank as soon as possible. Shareholders may only accept this Offer by means of a written declaration of acceptance addressed to their bank. (More details in How to Sell and the amended Offer Document.)

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    The Price

    The improved Offer price of EUR 34.00 cum dividend per share corresponds to:

    • a premium of 29.3% compared to the closing price of the last trading day prior to the announcement of the Offer on 13 June 2022, and
    • a premium of 25.0% compared to the volume weighted average price (VWAP) of the last six months prior to the announcement on 13 June 2022

    We believe the Offer represents an attractive financial proposition for free-float shareholders.

    The Extended Acceptance Period ends on 8 February 2023 and will be the last opportunity for shareholders to accept this voluntary partial offer.

    Werner Kerschl

    Werner Kerschl

    Executive Director,

    Infrastructure, IFM Investors

    “We believe the offer price represents an attractive premium for shareholders, considering the continued high levels of uncertainty for the aviation industry.”

    “We also believe that the offer is a liquidity event for shareholders to sell their shares in an otherwise relatively illiquid stock at an attractive price.”

    “As an existing shareholder in Flughafen Wien for over eight years, and a long-term investor on behalf of pension funds and institutional investors, we continue to recognize Austria as an attractive place to invest.”

    “We remain committed to working with all stakeholders of Flughafen Wien and supporting Management in the interests of local communities, passengers, airline customers, employees and the broader economy.”

    Offer Document

    The amended  Offer Document sets out the full terms and conditions of the Offer.

    The Offer Document and its amendment were reviewed and not prohibited by the Austrian Takeover Commission.