Københavns Lufthavne

Earnings Release • May 13, 2015

Early Easter affected April traffic

The early Easter with major travel days falling in March affected April
traffic, causing a 3.9% drop in passenger numbers at Copenhagen Airport. The
year-to-date increase in passenger numbers was 0.1%.

For the first time in exactly two years, Copenhagen Airport saw a decline in
passenger numbers. A drop of approximately 85,000 passengers compared with
April of last year was equivalent to a 3.9% decline.

"All the big travel days before Easter were in March this year, and in April
last year the rate of increase in passenger numbers was unusually high at 17%.
We were not able to repeat that growth this year, and altogether this resulted
in an expected, but hopefully short-lived, interruption in two years of
continuous growth," said Thomas Woldbye, CEO of Copenhagen Airports A/S.

European traffic was down by 4.1%, intercontinental traffic was 0.4% lower than
in April 2014, while domestic traffic was down by 5.3%. Two-thirds of all
domestic travellers are business travellers, and the decline was therefore to
be expected as business travel is obviously low during Easter.

Year-to-date traffic was up by 0.1%, and a total of 7.5 million passengers
travelled through Copenhagen Airport in the first four months of the year.