Fraport AG Commended for Its First Post-IPO Annual General Meeting

Frankfurt/Main, Germany 27. 6. 2002 (PROTEXT/ots) - Over 2,000shareholders and shareholder representatives attended FraportAG's regular Annual General Meeting (AGM) today, the first AGMsince the company's initial public offering (IPO) on June 11,2001. Held at the Jahrhunderthalle in Frankfurt-Hoechst, theAGM ran from 10:00 in the morning until shortly after 20:00. In their speeches, different shareholder representativesexplicitly supported the airport expansion plans of Fraport AGand the Hesse state government. Executive board chairman Dr.Wilhelm Bender repeatedly earned demonstrative applause for hisarguments in favor of strengthening Frankfurt Airport (FRA) andits positive impact on the prosperity of the Frankfurt/Rhine-Mainregion. Fraport shareholders also responded favorably tolearning that Lufthansa recently made a clear statementconfirming FRA's role as the airline's main hub airport. Among other agenda items covered during the generaldiscussions, the AGM voted in favor of a dividend payment of0.40 per share: with 99.99 percent "yes" votes (agenda itemtwo). Shareholders ratified the executive board's actions infiscal year

2001 with 99.97 percent "yes" votes (agenda item three).Subsequently, the shareholders ratified the supervisory board'sactions with 99.97 percent "yes" votes (agenda item four). KPMG Deutsche Treuhand-Gesellschaft AGWirtschaftsprüfungsgesellschaft (Frankfurt am Main) was electedas Fraport's auditor for fiscal year 2002: with 99.98 percent"yes" votes (agenda item five). As recommended by the supervisory board, the AGM elected Dr.Manfred Bischoff, Christian Strenger, Prof. Karel Van Miert, andJoachim Vandreike to the supervisory board for the remaining termof members who recently left the board (agenda item six) with99.98 percent "yes" votes. Roland Koch, prime minister of the German federal state ofHesse and chairman of Fraport AG's supervisory board moderatedthe AGM. Fraport AG's executive board chairman Dr. Wilhelm Benderpresented the fiscal year 2001 results and an overview of thecurrent business year. Some 79 percent of the subscribed capitalwas represented at the AGM, which accounted for 71,270,490 of thetotal 90,211,058 shares issued.

ots Originaltext: Fraport AG Frankfurt Airport ServicesWorldwide Im Internet recherchierbar: http://www.presseportal.de Contact: For More Information, Please Contact: Fraport AG FrankfurtAirport Services Worldwide Attn: Robert A. Payne - ManagerInternational Press 60547 Frankfurt am Main, Germany Tel.: +49 69690 -78547 Fax: +49 69 690 -60548 E-Mail: r.payne@fraport.deInternet: www.fraport.com

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