OREANDA-NEWS. August 05, 2013. International Consolidated Airlines Group, S.A. ("IAG"), in compliance with article 82 of Law 24/1988, of 28 July, on the Securities Market, hereby announces that, as disclosed by the Spanish National Securities Market Commission on this date, the tender offer for 100% of the shares of Vueling Airlines, S.A. ("Vueling") launched by IAG's wholly-owned subsidiary, Veloz Holdco, S.L. (Sociedad Unipersonal) ("Veloz Holdco") for its delisting from the Barcelona, Bilbao, Madrid and Valencia Stock Exchanges (the "Offer"), has had a positive result as it has been accepted by 2,095,901 shares of Vueling, representing 73.86% of the shares subject to the Offer and 7.01% of Vueling's share capital.

The number of acceptances of the Offer is below 90% of all the shares to which it was addressed, and, thus, lower than the threshold that would enable Veloz Holdco to exercise the squeeze-out right in accordance with the provisions of section 60 quater of Law 24/1988, of July 28, on the Securities Market and article 47 of the Royal Decree 1066/2007, of July 27, on the rules for public tender offers for securities.

The consideration payable by Veloz Holdco for the purchase of the shares of Vueling tendered in the Offer is € 19,387,084.25.

Accordingly, following completion of the Offer IAG will reach an indirect participation of 97.52% of the share capital of Vueling.