EANS-News

FACC AG planning IPO in 2014

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Strategic management decisions/IPO

- One of the largest pure play composite Tier I suppliers aims for
listing on the regulated market of the Vienna Stock Exchange

- FACC is well positioned to benefit from the original equipment
"super- cycle" due to significant production share with respect to
all modern commercial aircraft programs and increased use of
composite materials in new aircraft

- Global technological leadership, operational excellence and an
experienced management team form the basis for long-term market
leadership

- J.P. Morgan and Morgan Stanley are managing the IPO as Joint Global
Coordinators and Joint Bookrunners

The globally active Tier I supplier of composite components and
assemblies, FACC, targets to be listed on the regulated market of the
Vienna Stock Exchange. The issuer will be FACC AG (currently
Aerospace Innovation Investment GmbH, and with the current FACC AG
being converted into FACC Operations GmbH), headquartered in Ried im
Innkreis, Austria.

It is envisaged to place existing shares held by the current owner,
FACC International Company Limited, which is an indirect subsidiary
of Aviation Industry Corporation of China ("AVIC") as well as new
shares from a capital increase in the amount of EUR 150m. The shares
will be publicly offered to retail and institutional investors in
Austria, and to institutional investors internationally by ways of a
private placement. FACC plans to use the expected net proceeds from
the capital increase to (i) fund future growth, (ii) enhance the
capability to develop complete primary structures, (iii) focus on
innovation for new aircraft programs, (iv) expand international
cost-competitive sourcing, and (v) pursue selected add-on-acquisition
opportunities. Subject to market conditions, the stock exchange
listing is planned for 2014.

FACC develops and produces composite components for aerostructures,
engines & nacelles and cabin interiors of commercial aircraft. The
company is headquartered in Ried im Innkreis, Austria and employs
around 3,000 people worldwide. In 2009 Aviation Industry Corporation
of China ("AVIC") acquired FACC from its previous owners.

Walter Stephan, CEO of FACC, says: "The FACC management team and
employees have done an extraordinary job during the past years to
develop our company into the great enterprise it is today. Our unique