Københavns Lufthavne

Regulatory Filings • Aug 5, 2014

Company Announcement 2014
Copenhagen, 05 August 2014

Airlines and Copenhagen Airports A/S (CPH) have signed a new charges agreement
that will follow the consumer price index over the next four years. The
agreement means that the necessary level of investment in the airport can be
ensured.

Under the charges agreement between the airlines and Copenhagen Airports A/S
for the period 1 April 2015 – 31 March 2019, the price for using the airport
runways, terminals and services will be linked to the Danish consumer price
index corresponding to a real flat charges development. This means that
Copenhagen Airport will retain its competitive position in the most economical
third of the major European airports, which will help ensure that consumers can
enjoy flights at attractive fares to and from Copenhagen.

"The new charges agreement means that the airlines know their costs for the
next four years, and that the airport will have stable earnings. The agreement
supports CPH's long-term investments in the airport and ensures that we can
continue to execute our World Class Hub strategy, which is to retain and
develop Copenhagen Airport as the most important and attractive hub of northern
Europe,” said Thomas Woldbye, CEO of Copenhagen Airports A/S.

In the next few years, CPH plans to invest in an expansion of Pier C, which
handles large aircraft. CPH continues to analyse how additional expansions can
be implemented efficiently in the coming years.

The new charges agreement will enable CPH to establish the framework for
realizing the Expanding CPH growth vision that sees Copenhagen Airport as
having up to 40 million passengers per year.

The agreement also includes investments in facilities that will help the
airlines reduce their overall operating costs. As requested by airlines, part
of the airside security restricted area will be changed to make it easier and
more economical for airlines to service their aircraft.

Airlines also want to strengthen their domestic product and make operations
more efficient. Therefore domestic and international traffic will be merged
next year. Both initiatives will strengthen CPH's strategic focus on reducing
the airlines' operational costs.

Furthermore CPH will continue to focus on other initiatives aimed at reducing
airline operating costs, such as automated check-in, bag-drops and boarding as
well as initiatives designed to make the turnaround process more efficient for
airlines.

The new charges agreement, which will now be submitted to the Danish Transport
Agency for approval, will take effect on 1 April 2015 and run for four years.
As the agreement does not come into force until next year, it will have no
effect on CPH's financial outlook for the current financial year.

Note: Independent consultants Leigh Fisher and the industry organization
Airport Council International each year compare European airports in terms of
quality and price. In the latest comparison, Copenhagen Airport was in the best
third. CPH believes that the new charges agreement will not change that
ranking.

P.O. Box 74
Lufthavnsboulevarden 6
DK-2770 Kastrup
Contact: CFO
Lars Jønstrup Dollerup
Phone: +45 3231 2800
Company reg. (CVR)
14 70 72 04