AI Airports International Limited

7 Bond Street St Helier, Jersey JE2 3NP Channel Islands

IN LIQUIDATION

INFORMATION FOR CERTIFICATE HOLDERS

Jersey Court Gives its Decision in Litigation with Former Director

Jersey/Vienna January 24, 2013 - The Board of Directors of AI Airports International Limited (AI) announces that it has been informed of the decision of the Royal Court of Jersey in the proceedings brought by former director Björn Pirrwitz for a payment on his removal from the Board of Directors of the Company at the extraordinary general meeting of April 2009, in the amount of EUR 600,000 plus interest and costs. AI defended that claim, on various grounds, and also brought a third party claim against the former chairman of the Board of Directors of the Company, Wolfgang Vilsmeier, seeking an indemnity from him in the event that the Company was held to be liable to Mr. Pirrwitz. AI also filed a counter-claim against Mr. Pirrwitz for breach of fiduciary duty in relation to his role as a director of SOGEAP, the owner and operator of the airport in Parma, Italy. The Court decided in favor of Mr. Pirrwitz both in relation to his claim for a payment pursuant to his removal from the Board of Directors, and the Company's counterclaim with respect to breach of fiduciary duty. The Court also decided against AI regarding its third party claim with its former chairman.
The Board of Directors is disappointed with this outcome, and considers it entirely inconsistent with all advice it received. The Board is considering its options with respect to these matters and will inform the certificate holders when further information is available.

Further information about AI Airports International is available at: www.airportsinternational.eu

Please address any inquiries to:

Investor Relations and Public Relations

Metrum Communications

Mick Stempel

T: +43 1 504 69 87-385

M: m.stempel@metrum.at

AI Airports International Limited is regulated by the Jersey Financial Services Commission.

The registered office is at 7 Bond Street; St. Helier, Jersey JE2 3NP; Channel Islands Page 1 of 1

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