Gate Gourmet Sells Portugal Operations

ZURICH, April 4, 2011 - Gate Gourmet, a member of gategroup, has sold its interests in Portugal
to Newrest effective immediately. Details of the agreement remain
confidential.

Gate Gourmet operated a wholly owned facility at the Lisbon airport and
was in a 50/50 partnership at Funchal Airport in Madeira, the Portuguese
resort island in the Atlantic Ocean. Under the agreement, Gate Gourmet's
ownership interests in both operations have fully transferred to Newrest. The
transaction is not subject to any further regulatory or shareholder
approvals.

Gate Gourmet stated that after careful analysis the decision was made to
divest the Portuguese operation as it does not fit with the network strategy
going forward. As the operations and workforce have transferred to the new
owner in their entirety, the transfer will be without consequence to airline
customers.

John Bronson, Gategroup Corporate Communications, +41-43-812-2048, jbronson at gategroup.com