AIR FRANCE - KLM: Availability of the prospectus relating to the capital increases reserved to China Eastern Airlines and Delta Air Lines

Paris, on 18 August 2017

Air France-KLM (the « Company ») announces that the prospectus relating to the Company's capital increases without preferential subscription rights, for a total amount of EUR 750,548,200 (including share issue premium), has been approved by the French Financial Markets Authority (Autorité des marchés financiers), on 17 August 2017, under number 17-441. Such capital increases are reserved to China Eastern Airlines and Delta Air Lines in the context of the strengthening of the group's strategic partnerships announced on 27 July 2017.

The prospectus includes:

-           the Company's registration document (document de référence), filed with the Autorité des marchés financiers (the « AMF ») on 31 March 2017 under number D.17-0287;
-           the update to the registration document filed with the AMF on 17 August 2017 under number D.17-0287-A01;
-                       a securities note (note d'opération); and
-                       a summary of the prospectus (included in the securities note).

The French language Prospectus is available free of charge from the Company at its registered office as well as from the website of the Company (www.airfranceklm.com/finance) and of the AMF (www.amf-france.org). An English translation is also available on the Company's website.

The Company draws the public's attention to the risk factors included in Chapter 3 of the registration document, Chapter 6 of the update to the registration document and Chapter 2 of the securities note.

About Air France-KLM

Air France-KLM is the air transport leader in terms of international traffic on departure from Europe. In 2016, it offered customers a network covering 320 destinations across 114 countries, thanks to its four brands, Air France, KLM Royal Dutch Airlines, Transavia and HOP! Air France. With a fleet of 534 aircraft in operation and 93.4 million passengers carried in 2016, Air France-KLM operates up to 2,200 flights a day, principally on departure from the Group's Paris-Charles de Gaulle and Amsterdam-Schiphol hubs.

Its Flying Blue frequent flyer program ranks amongst the leaders in Europe and numbers more than 27 million members.

With its partners Delta Air Lines and Alitalia, Air France-KLM operates the largest trans-Atlantic joint-venture with 270 daily flights.

Air France-KLM is also a member of the SkyTeam alliance bringing together 20 airlines and offering access to a global network of more than 16,270 daily flights to 1,057 destinations in 179 countries.

Disclaimer

This press release does not and shall not be considered as an offer to the public, an offer to sell or to subscribe or aimed at soliciting a purchase or subscription order in any jurisdiction.

No communication and no information in respect of this transaction may be distributed to the public in any jurisdiction where a registration or approval is required. No steps have been or will be taken in any jurisdiction where such steps would be required. The issue, the subscription for or the purchase of Air France-KLM's shares may be subject to specific legal or regulatory restrictions in certain jurisdictions. Air France-KLM assumes no responsibility for any violation of any such restrictions by any person.

This press release does not constitute an offer or incitation to sell or purchase, or a solicitation of any offer to purchase or subscribe for, any securities of Air France-KLM in the United States of America. Securities may not be offered, subscribed or sold in the United States of America absent registration under the U.S Securities Act of 1933, as amended (the "U.S Securities Act"), except pursuant to an exemption from, or in a transaction not subject to, the registration requirement thereof. The securities of Air France-LKM have not been and will not be registered under the U.S Securities Act and Air France-KLM does not intend to make a public offer of its securities in the United States of America.