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DGAP-Adhoc: Deutsche Lufthansa AG: Deutsche Lufthansa AG confirms advanced talks with the Economic Stabilization Fund on the concrete design of a stabilization package

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DGAP-Ad-hoc: Deutsche Lufthansa AG / Key word(s): Financing
Deutsche Lufthansa AG: Deutsche Lufthansa AG confirms advanced talks with
the Economic Stabilization Fund on the concrete design of a stabilization
package

21-May-2020 / 01:06 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation
(EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

Deutsche Lufthansa AG confirms that management is currently in advanced
discussions with representatives of the Economic Stabilization Fund (WSF) of
the Federal Republic of Germany on the concrete design of a stabilization
package.

The concept, which has not yet been finalized, provides for stabilization
measures in the amount of up to EUR 9 billion, of which EUR 3 billion is in
the form of a KfW loan. In addition, the WSF is to provide a silent
participation. By way of a capital increase at the nominal value per share,
potentially reduced by a capital cut, excluding the subscription rights of
existing shareholders with a corresponding dilution effect, the WSF is also
to obtain a stake in shares of Deutsche Lufthansa AG amounting to 20% of the
increased share capital. In addition, a convertible bond is to be agreed
with the WSF, which can be exchanged for a further 5% plus one share also at
the nominal value in the event of a public takeover offer by a third party.
The convertible bond may be freely sold at any time without this
restriction. The WSF intends to exercise the voting rights associated with
the shares as a whole only in exceptional cases such as protection against a
takeover.

An Extraordinary General Meeting is to decide on the capital increases. The
granting of the silent participation and the granting of the loan are
subject to the feasibility of the capital increase.

The expected conditions relate in particular to the waiver of future
dividend payments and restrictions on management remuneration. In addition,
two seats on the Supervisory Board are to be filled in agreement with the
Federal Government.

Deutsche Lufthansa AG is continuing its talks with the WSF with the aim of
reaching a conclusion promptly in order to secure the company's solvency in
the long term. The stabilization package requires the approval of the WSF
Committee as well as the Company's Executive Board and Supervisory Board. It
is also subject to approval by the European Commission.

Responsible: Dennis Weber, Head of Investor Relations, Phone +49 69 696
28000

21-May-2020 CET/CEST The DGAP Distribution Services include Regulatory
Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de
Language: English
Company: Deutsche Lufthansa AG
Venloer Str. 151-153
50672 Cologne
Germany
Phone: +49 (0)69 696 28000
Fax: +49 (0)69 696 90990
E-mail: investor.relations@dlh.de
Internet: www.lufthansagroup.com/investor-relations
ISIN: DE0008232125, DE0008232125
WKN: 823212
Indices: DAX
Listed: Regulated Market in Dusseldorf, Frankfurt (Prime Standard),
Hamburg, Hanover; Regulated Unofficial Market in Tradegate
Exchange
EQS News ID: 1052481

End of Announcement DGAP News Service

1052481 21-May-2020 CET/CEST



(END) Dow Jones Newswires

May 20, 2020 19:06 ET ( 23:06 GMT)
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