Fraport Annual General Meeting 2010: Traffic Figures Climbing Again - Stable Dividend of 1.15 Euros Recommended

Schulte: "We Have Weathered the Storm Well"

FRANKFURT, June 2, 2010 - "Extraordinary times are also exciting times that
offer new opportunities," said Fraport AG executive board chairman Dr. Stefan
Schulte at the company's ninth regular Annual General Meeting (AGM) for
shareholders today in Frankfurt-Hochst. Summarizing the company's development
in 2009 as well as during the first months of this year, Schulte stressed
that the airport management group had weathered the storm well during the
financial crisis - which severely impacted the air transportation industry
last year - and took advantage of the time to implement far-reaching
decisions for the future. "Despite all of its difficulties, 2009 was a year
for setting a fundamental and positive course for the company's future," said
Schulte.

Schulte called the construction launch of Frankfurt Airport's
(FRA) new Runway Northwest an essential step for the company's future
development. The FRA capacity expansion program started last year is fully on
schedule, with inauguration of new runway planned for the beginning of the
2011/12 Winter Timetable. Currently, preparations are underway for pouring
the concrete of Runway Northwest. Simultaneously, work is progressing on the
taxiway bridges that will link Runway Northwest with the airport apron.

In 2009, Fraport established the basis for successfully
concluding negotiations with the airlines on airport charges. Schulte
described further milestones such as the basic agreement for passenger
security control staff and, above all, the "Pact for the Future" for the
company's aviation ground services division. These important business areas
remain a vital part of the company and allow FRA to provide attractive
services in the highly competitive environment of international aviation
hubs.

This is the same goal of Fraport's new "Great to Have You
Here" service initiative, which strives to create further improvements in
service offerings by enhancing comfort and enjoyment in the terminals. The
heightened expectations of international passengers for comfortable airport
ambience will be met by expanding the retail offerings at FRA. Now taking
shape, the new Pier A-Plus with a huge marketplace will offer a 9,000 square
meter outstanding shopping experience for the approximately 25 million
passengers per year that will be using Pier A and the new Pier A-Plus.
Fraport is linking its growth with the goal of sustainable development. In
particular, Fraport started preparations last year for a measurable reduction
in noise emissions - in order to present along with partners an effective
package of measures for active noise abatement.

Schulte emphasized that last year's 4.7 percent fall in
passenger traffic at FRA, as well as the 10.6 percent reduction in cargo
tonnage, are now history. Meanwhile, traffic has recovered and, in the case
of cargo, has been clearly over compensated for. Nevertheless, in fiscal year
2009 the traffic slump led to revenue dropping by 6.1 percent to about EUR2
billion. Decisive factors here also included Fraport's divestiture of its
holdings in ICTS Europe and Frankfurt-Hahn Airport.

EBITDA (earnings before interest, tax, depreciation and
amortization) slipped by about eight percent to EUR553 million. Through
adjustments in personnel costs, as well as savings in non-staff costs and tax
on investments, it was possible to counteract the effects of the crisis.
Thus, the company was able to realize savings of EUR28 million. Goup profit
fell by some 20 percent to EUR157.3 million - primarily because of higher
capital costs for realizing FRA's expansion program.

The optimism at the end of 2009 - which could be particularly
felt because of the noticeable economic recovery in the Far East and the
resulting rise in traffic volumes - has been confirmed by traffic during the
first months of 2010, although this period was also characterized by
extraordinary events. A longer and harder winter, a pilot strike and finally
clouds of ash from Iceland's Eyjafjalla Volcano in April did not prevent the
exceptionally positive 30 percent surge in cargo tonnage
at FRA since the beginning of the year. Despite traffic drops, Frankfurt
Airport still managed to record a 3.9 percent gain in passenger figures
during the first quarter of 2010. The multi-day standstill in European air
traffic in April pushed FRA's passenger figures into the 1.9 minus range for
the first four months of the year.

Schulte further explained that the satisfying development of
the company's external business was also driving Fraport's future. Currently,
Fraport is active at 13 airports worldwide, either as a full airport operator
or by providing management staff under concession contracts. These airports
served a total of 174 million passengers in 2009. Fraport's latest project is
Pulkovo Airport in St. Petersburg, Russia. The wide range of Fraport's
airport projects helped cushion the impact of the air traffic slump during
the global financial crisis and the geographically-limited special
developments caused by strikes, weather and ash clouds.

Thus, Schulte said he was pleased to announce to the AGM that
the company was recommending a stable dividend of EUR1.15 per share for
fiscal year 2009. For the current year, he expects revenue to rise thanks to
the recovery in air traffic and the positive development of the Group's
airports - which should result in about an EUR80 million improvement in
EBITDA to EUR635. million. Despite the ash clouds, the current outlook is
that passenger traffic will grow by one to two percent for 2010.

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    For Further Information, Please Contact:

    Fraport AG Frankfurt Airport Services Worldwide
    Robert A. Payne, B.A.A. - Senior Mgr. International Press & PR
    International Spokesman, 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. - Senior Mgr. International Press & PR, International Spokesman, 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; Internet: www.fraport.com