Compensation Payment to PIATCO for the Manila Terminal Project

Frankfurt (ots) - Fraport AG Frankfurt Airport Services Worldwide
welcomes the Philippine government's compensation payment made to
PIATCO for the expropriated terminal project at Manila airport. This
payment is in keeping with the Philippine Supreme Court's decision of
September 8, 2015, which was again reaffirmed in April of 2016. The
Supreme Court stipulated that the government of the Philippines must
pay compensation because it declared the concession contract with
PIATCO null and void and, in 2004, expropriated PIATCO's newly built
airport terminal in the capital city of Manila.

Following the decision of the Philippine Supreme Court, PIATCO has
received compensation payments for the expropriated terminal project
in Manila. Based on this compensation, PIATCO has already made a
partial payment to Fraport AG. Furthermore, Fraport AG intends to
sell its shareholdings in companies in the Philippines and will no
longer purse claims in connection with the expropriation of the
terminal project at Manila airport.

Fraport AG's share of the total transaction amounts to about 270
million US dollars.

From the compensation inflows, Fraport AG is required to repay the
German federal government up to some EUR40 million, which the company
received in fiscal year 2008 under Germany's GKA (Bundesgarantie für
Kapitalanlagen im Ausland) foreign-investment guarantee program.

The rest of Fraport's compensation sum will primarily impact the
Group EBITDA, EBIT, and EBT in the current fiscal year and - taking
into account taxes to be paid - will have correspondingly positive
impact on the Group result.

In due time, the Fraport AG executive board will recommend to the
supervisory board whether and to what extent the gain should be
reflected in the dividend payment to the shareholders of Fraport AG.

Originaltext: Fraport AG
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ISIN: DE0005773303

Contact:
Fraport AG
Robert Payne
Spokesperson
Press Office, Corp. Communications
60547 Frankfurt, Germany
Telephone: [phone]
E-mail: [e-mail]
Internet: www.fraport.com
Facebook: www.facebook.com/FrankfurtAirport