DGAP-Ad hoc: Air Berlin plc

Imminent insufficiency of assets with respect to Air Berlin PLC & Co. Luftverkehrs KG

Disclosure of inside information according to Article 17 of the Regulation (EU) No 596/2014 (Market Abuse Regulation, MAR)

Amsterdam, 1 November 2017 - Air Finance B.V. announces that the custodian of the insolvency proceedings opened today over the assets of Air Berlin PLC & Co. Luftverkehrs KG, attorney-at-law Lucas F. Flöther, notified the local district court of Berlin-Charlottenburg today that the assets are expected not to be sufficient to satisfy the existing priority claims against the estate that go beyond the costs for the insolvency proceedings as and when they fall due (so-called imminent insufficiency of assets (drohende Masseunzulänglichkeit), §§ 208 paragraph 1 sentence 2, 285 of the German Insolvency Code (Insolvenzordnung)).

Person making the notification:
Michelle Johnson, Director
Email: ir@airberlin.com

Air Berlin Finance B.V., De entree 99 - 197, 1101 HE Amsterdam, Netherlands; ISIN DE000A1HGM38 (Convertible Bonds 2013), Open Market Frankfurt Stock Exchange; ISIN DE000A19DMC0 (Convertible Bonds 2017), Open Market Frankfurt Stock Exchange