IAG: Statement on possible cash offer for Aer Lingus

International Airlines Group (IAG) notes recent press speculation and confirms it submitted a revised proposal to make an offer for Aer Lingus on 29 December 2014, which has been rejected by the Board of Aer Lingus. The revised proposal consisted of a cash offer of €2.40 per Aer Lingus share, subject to certain pre-conditions, representing an improvement to the €2.30 per Aer Lingus share that IAG had originally submitted.

There can be no certainty that any further proposal or offer will be forthcoming. A further statement will be made if and when appropriate.