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Tender offer to delist Vueling shares

This document does not constitute an offer to purchase, sell or exchange or the solicitation of an offer to purchase, sell or exchange any securities, nor shall there be any purchase, sale or exchange of securities or such solicitation in any jurisdiction in which such offer, solicitation or sale or exchange would be unlawful prior to the registration or qualification under the laws of such jurisdiction.
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International Airlines Group's (IAG) subsidiary Vueling has called a general shareholders' meeting on June 27, 2013 to approve the delisting of Vueling's shares from the Spanish stock exchanges.

The delisting tender offer will be €9.25 per share. Vueling will be delisted from the Barcelona, Bilbao, Madrid and Valencia stock exchanges upon successful completion of the offer.

Since April 26 2013, IAG Group has owned 90.51 per cent of Vueling. This follows a cash tender offer for the Vueling shares that were not already owned by IAG's subsidiary Iberia which has a 45.85 per cent holding. Acceptance of the original cash tender offer of €9.25 euro per share was recommended by the Vueling board on April 9, 2013.

Vueling is a Spanish low cost carrier based in Barcelona. It will remain a standalone operating company within IAG with its chief executive Alex Cruz reporting into IAG chief executive Willie Walsh.

May 24, 2013 IAG17
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