INTERNATIONAL AIRLINES GROUP CAPITAL MARKETS DAY

At its Capital Markets Day today (November 15, 2013) IAG will update the market with the following information:

· IAG is targeting a €1.8 billion operating profit in 2015, up from €1.6 billion through:

o Impact of Vueling integration and performance
o Improved margins in British Airways increasing the 2015 operating profit target from £1.1 billion to £1.3 billion
o Iberia recovery plan on track with improvement expected
o Additional contribution coming from British Airways and Vueling growth

· Aiming for a level of EPS ≥ €0.54 (RoIC ≥ 12 per cent)
· Keeping 2015 leverage at around 55 per cent (pre IAS19)
· Heading for a business model that could sustain organic growth levels of 2-3 per cent (excluding Vueling) beyond 2015

o Assuming capex of €2.0 – €2.2 billion per year
o Providing market level returns for our shareholders