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Exercise of British Airways convertible bonds

This notification follows on from the relevant fact of 16 August 2013, in relation to the exercise by British Airways Plc of its option to redeem all of its outstanding £350,000,000 5.80 per cent. convertible bonds due 2014 (the “Bonds”).

In connection with this, International Consolidated Airlines Group, S.A. (“IAG”) announces that on the date hereof it has received a request from British Airways Plc for the issue of a total of 48,124,333 new ordinary shares in IAG in order to effect the conversion requests received from holders of the Bonds. On the date hereof, IAG will execute the corresponding public deed recording the issue of such shares.