Fraport Files New Request for Arbitration Against the Republic of the Philippines With the ICSID

FRANKFURT, Germany, April 1, 2011 - Fraport AG has filed for a new request for the
institution of arbitration proceedings against the Republic of the
Philippines at the World Bank's International Centre for Settlement of
Investment Disputes (ICSID) in Washington, D.C. On December 23, 2010, an
ICSID ad hoc committee unanimously decided to annul the ICSID award of August
16, 2007. In the annulled award the tribunal had decided, based on a
two-to-one vote, that it did not have jurisdiction to hear Fraport's case.
Thus, Fraport had now the right to resubmit its case to a new ICSID tribunal.
Fraport's access to the ICSID arbitration system is based on the bilateral
investment treaty between the Federal Republic of Germany and the Republic of
the Philippines. This treaty provides foreign investors with the option of
legal recourse to an ICSID tribunal for divergences resulting from an
expropriation or from unfair or illegal treatment. In the new arbitration
proceedings, Fraport shall again claim compensation of about US$425 million
plus interest for its terminal project at Ninoy Aquino International Airport
(NAIA) in the Philippine's capital Manila. Fraport's project was expropriated
by the Philippine state, just as the terminal was nearing completion. The
Manila airport authority has been using the passenger terminal for domestic
and international flights since mid-2008. Except for partial payment of some
US$59 million made to the project company, the Philippine government still
has not paid any compensation to Fraport.

    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; E-mail: r.payne@fraport.de;
    mailto: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; E-mail: r.payne at fraport.de; mailto:r.payne at fraport.de