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Director/PDMR Shareholding

INTERNATIONAL CONSOLIDATED AIRLINES GROUP, S.A.

SHARE PLAN AWARDS

International Consolidated Airlines Group, S.A (the "Company" or "IAG") discloses that the Executive Directors and Persons Discharging Managerial Responsibilities ("PDMR") of the Company have received conditional awards of shares of the Company under the IAG Performance Share Plan ("IAG PSP 2014") and the IAG Incentive Award Deferral Plan ("IAG IADP 2014") on 6 March 2014 in accordance with the following breakdown.

Name

Position

IAG PSP 2014

Number of Awards

IAG IADP 2014

Number of Awards

Willie Walsh

Director

379,310

149,353

Enrique Dupuy de Lôme

Director

137,931

50,862

Keith Williams

PDMR

224,138

77,047

Luis Gallego Martin

PDMR

178,967

-

Robert Boyle

PDMR

120,000

44,250

Ignacio de Torres Zabala

PDMR

115,862

37,897

Julia Simpson

PDMR

69,793

25,736

Chris Haynes

PDMR

63,448

24,454

Alex Cruz

PDMR

137,931

16,954

Steve Gunning

PDMR

85,517

24,800

The vesting of the IAG PSP 2014 award, at the end of the three-year performance period, is dependent on performance measures determined by IAG. For this award, 50% will be subject to a Total Shareholder Return (TSR) relative to the MSCI European Transportation Index, and 50% will be subject to an Earnings Per Share (EPS) performance condition.

The awards under the IAG IADP 2014 (which is half of the annual incentive award deferred into shares for three years for the 2013 performance period) may be subject to forfeiture if the executive leaves during the three-year deferral period.

No consideration is payable for the making or vesting of the awards by the beneficiaries.

Both schemes and the IAG PSP 2014 performance conditions are more fully described in the IAG Annual Report and Annual Accounts for the period ending 31 December 2013 which can be accessed online at IAG´s website: www.iagshares.com.

Notification is made under Disclosure Rule 3.1.4.

6 March 2014

IAG Investor Relations