Statement re UK Competition Appeal Tribunal

DUBLIN, Ireland & LONDON--()--

Aer Lingus Group plc

ISE: EIL1 LSE: AERL

UK Competition Appeal Tribunal rejects Ryanair’s challenge to the Competition Commission’s decision forcing Ryanair to sell-down minority stake in Aer Lingus

Dublin & London, 7 March 2014: Aer Lingus Group plc (“Aer Lingus”) welcomes today’s decision by the UK Competition Appeal Tribunal ("CAT") rejecting Ryanair's appeal against the UK Competition Commission's (“CC”) decision that Ryanair must sell down its 29.82% stake in Aer Lingus to 5%.

On 28 August 2013 the CC issued its Final Report concluding its investigation into Ryanair’s minority shareholding in Aer Lingus. Following a detailed investigation the CC found that Ryanair’s shareholding in Aer Lingus is anti-competitive and that it must sell down its 29.82% stake in Aer Lingus to 5%. The CC’s Final Report also limits Ryanair’s ability to re-acquire shares.

Ryanair appealed the CC’s Final Report on a number of grounds, all of which have been rejected by the CAT today.

This decision represents the latest in an even longer line of judgments adverse to Ryanair in its attempts to prevent the UK competition authorities reviewing its minority shareholding in Aer Lingus.

Colm Barrington, Chairman of Aer Lingus, said:

“Today’s CAT judgment is a key milestone on the path toward removing Ryanair from the Aer Lingus share register.”

Investors & Analysts      
Declan Murphy Aer Lingus Investor Relations Tel: +353 1 886 2228
Jonathan Neilan FTI Consulting Tel: +353 1 663 3686
Media
Declan Kearney Aer Lingus Communications Tel: +353 1 886 3662
International Media
Matthew Fletcher Powerscourt Tel: +44 207 250 1446

matthew.fletcher@powerscourt-group.com

Irish Media
Sheila Gahan Wilson Hartnell Public Relations Tel: +353 87 234 2409

sheila.gahan@ogilvy.com

Brian Bell Wilson Hartnell Public Relations Tel: +353 87 243 6130

brian.bell@ogilvy.com

ENDS

Short Name: Aer Lingus Group Plc
Category Code: STR
Sequence Number: 410051
Time of Receipt (offset from UTC): 20140307T163150+0000

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