On 10 October Sir Michael Bishop on behalf of the
BBW Partnership Ltd. exercised an option which requires
Lufthansa to purchase 50 per cent plus one share in
British Midland PLC (bmi). This represents the entire
shareholding in bmi currently owned by the BBW Partnership
Ltd. The option is part of the existing shareholders
agreement of bmi dated 9 November 1999. The completion
of the exercise is expected to take place not before
12 January 2009. It is subject to anti-thrust approval
and regulatory requirements. Discussions regarding
the future structure and options are ongoing between
Lufthansa, Sir Michael Bishop and bmi.
Otherwise no events have occured that have a
material effect on the Group’s earnings, financial and
assets position.