Airport Charges: Fraport and Airlines Sign Agreement

FRANKFURT, December 1 - Fraport AG and airline representatives have agreed on the
future schedule of airport charges at Frankfurt Airport (FRA) during a
hearing held by the Hesse economics ministry. A corresponding agreement was
signed today by representatives of Fraport AG, the airlines and airline
associations in the presence of Hesse economics minister Dieter Posch.

"In view of the enormous capital investments to be realized by
Fraport in the coming years and the currently difficult economic situation
faced particularly by the airlines, we have reached a result that provides
the planning security we require," explained Fraport executive board chairman
Dr. Stefan Schulte. At the same time, it is the declared goal of the contract
partners also to reach agreement quickly on the series of fee increases for
the years up to and including 2015.

The agreement signed covers the years 2010 and 2011.
Specifically, it stipulates that charges will increase by four percent on
July 1, 2010, and by three percent on October 1. Effective April 1, 2011,
charges will again be raised by 3 percent and six months later, on October 1,
2011, by 2.5 percent. Thus airport charges will go up by a total of 12.5
percent over the coming two years.

This new charges regulation will only become effective if the
aviation partners reach consensus by February 19, 2010, on the development
of airport charges between 2012 and 2015, based on different
traffic scenarios. If no consensus is reached, the partners may cancel the
agreement. This would result in a one-time rise in airport charges of 8.4
percent effective April 1, 2010.

Schulte announced that Fraport will immediately hold further
talks with the airlines. "We will hold these talks in a constructive and
target-oriented way with the intention of reaching consensus on a regulation
for the development of airport charges between 2012 and 2015, based on
different traffic scenarios and thus achieve medium-term planning security,"
explained Fraport's CEO.

Schulte emphasized the need for raising charges. "The increase
in airport charges is an essential element for financing the immense capital
expenditures for FRA's future viability and competitiveness. By staggering
the increase well into 2010, we have also taken into account the currently
difficult economic situation faced by the airlines - provided we can agree on
the subsequent years and the phased increase becomes effective", stated
Schulte.

Fraport is currently investing about EUR1 billion annually in
the modernization and expansion of its airside facilities - including the
Frankfurt Airport Expansion Program. "The additional capacities thus created
will ultimately benefit the airlines and their customers as much as they
strengthen the competitiveness of Germany as an aviation base. However, it is
important to note that each billion euro Fraport is spending requires about
EUR100 million in additional expenditures per year for interest and
depreciation. These expenditures must first be earned: through the expected
traffic growth, through additional airport charges, and through increasing
proceeds from retailing," Schulte concluded.

Print-quality photos of Frankfurt Airport and Fraport AG are
available free for downloading via the Internet at www.fraport.com
(Menu: select Press Center > then Photo Service). For TV news and information
broadcasting purposes only, we also offer free footage material for
downloading via fraport.cms-gomex.com.

    For Further Information, Please Contact:
    Fraport AG Frankfurt Airport Services Worldwide
    Robert A. Payne, B.A.A. - Sr. Manager International Press
    Press Office (Dept. UKM-PS), Corporate Communications
    60547 Frankfurt am Main, Germany
    Tel.: +49-69-690-78547; Fax: +49-69-690-60548;
    E-mail: r.payne@fraport.de; Internet: www.fraport.com

For Further Information, Please Contact: Fraport AG Frankfurt Airport Services Worldwide, Robert A. Payne, B.A.A. - Sr. Manager International Press, Press Office (Dept. UKM-PS), Corporate Communications, 60547 Frankfurt am Main, Germany, Tel.: +49-69-690-78547; Fax: +49-69-690-60548; E-mail: r.payne at fraport.de