IAG: Tender offer for the shares of Vueling Airlines

International Consolidated Airlines Group, S.A., in compliance with article 82 of Law 24/1988, of July 28, on the Securities Markets, hereby announces that its wholly-owned subsidiary, Veloz Holdco, S.L. (Sociedad Unipersonal) (“Veloz Holdco”), in relation with the tender offer it has launched for 100% shares of Vueling Airlines, S.A. (“Vueling”) (the “Offer”), has resolved:

- To increase the consideration offered in the Offer of 7 euros per share of Vueling to 9.25 euros per share.
- To extend the Offer acceptance period from 39 to 48 calendar days.
- To reduce the Offer’s minimum acceptance condition from 90% of those Vueling voting rights not owned by Iberia to 1,244,029 Vueling shares, which represent 4.16% of Vueling’s share capital.

Veloz Holdco will submit the documentation relating to the amended Offer with the Spanish National Securities Markets Commission (CNMV) for its authorisation on or before 3 April 2013.