News Release

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Conversion of Securities

 

 

20 June 2016

Total conversion and cancellation of listing and admission to trading of International Consolidated Airlines Group, S.A. €390,000,000 1.75 per cent. convertible bonds due 2018 (ISIN XS0933556952)

International Consolidated Airlines Group, S.A. (the "Company") announces that, in accordance with the terms and conditions of its €390,000,000 1.75 per cent. convertible bonds due 2018 (ISIN XS0933556952) (the "Bonds"), the Company has received bondholder conversion notices in respect of all previously outstanding Bonds. As such, no Bonds will be redeemed pursuant to the Optional Redemption Notice dated 6 May 2016 (in which the Company announced its intention to redeem any outstanding Bonds on 21 June 2016).

Notice is hereby given of the Company's intention, having received bondholder conversion notices in respect of all previously outstanding Bonds, to cancel the listing of the Bonds on the Official List maintained by the UK Listing Authority and the admission to trading of the Bonds on the Professional Securities Market of the London Stock Exchange on 18 July 2016 (being more than 20 business days after today's date).

This notification is made in accordance with Listing Rule 5.2.8R.

Enrique Dupuy de Lôme
Chief Financial Officer