Fraport Receives Takeover Offer for Its Share in Manila Business

FRANKFURT 26. 8. 2005 (PROTEXT) - A Philippine company hasmade a preliminary $200 million offer to purchase Fraport AGsshares in PIATCO, the operating company of Manila internationalairports Terminal 3, and its shares in the other joint- venturecompanies: PTI, PTH and PAGS. Fraport AG accepted this offer onAugust 26. A corresponding shareholding purchase contract now has to benegotiated and completed within 15 working days. The purchaseprice for Fraports shareholdings has to be paid in two tranches.The first tranche in the amount of $50 million has to be paidshortly after the purchase contract has been signed. The secondtranche in the amount of $150 million has to be paid within sixmonths of the contract signing. The transfer of Fraports sharesand various rights and claims will take place once the secondtranche has been received. The transaction is conditional on approval from Fraport AGssupervisory board. Furthermore, the other joint- ventureshareholders have to relinquish their buy-first option. A Fraport spokesperson stated that the company has beenstriving for a long time to exit Manila with as much financialcompensation as possible. Now, here is a possibility forachieving a pragmatically acceptable exit from Manila. Thisopportunity should be utilized. For More Information, Please Contact: Fraport AG, Robert A.Payne, B.A.A, Intl. Press Office (Dept. UKM-PS), CorporateCommunications (UKM), 60547 Frankfurt am Main, Germany; Tel.: +4969.690.78547; Fax: +49.69.690.60548; E-mail: r.payne@fraport.de;Internet: www.fraport.de

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