Airbus SE — Board/Management Information 2013

Apr 2, 2013

News Details

Ad-hoc | 2 April 2013 18:30

European Aeronautic Defence and Space Company EADS N.V.: New EADS Board of Directors Elects Chairman, Committee Members and Approves Launch of Share Buyback Programme

European Aeronautic Defence and Space Company EADS N.V. / Key word(s): Share Buyback/Change of Personnel

02.04.2013 18:30

Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.

---

Ad-hoc release, 2 April 2013

New EADS Board of Directors Elects Chairman, Committee Members and Approves
Launch of Share Buyback Programme

• Denis Ranque elected Chairman of the EADS Board of Directors, Tom
  Enders Reappointed Chief Executive Officer

• Board approves share buyback programme of up to EUR 3.75 billion

• Buyback earnings per share (EPS) accretive

At its first formal meeting following today's completion of the corporate
governance changes previously announced pursuant to the Multiparty
Agreement entered into by the Company and certain other parties on 5
December 2012, the new EADS Board of Directors has elected Denis Ranque as
its Chairman and has reappointed Tom Enders as Chief Executive Officer. The
Board also approved an 18-month share repurchase programme up to EUR 3.75
billion.

Share Buyback Programme

The Share Buyback Programme (the 'Buyback') is to be carried out in
accordance with the authority conferred by the Company's shareholders at
the Extraordinary General Meeting held on 27 March 2013 for a repurchase of
up to 15% of EADS's issued and outstanding share capital and at a maximum
price of EUR 50 per share.

The programme reflects current market conditions as well as EADS' balanced
approach to organic and external growth while preserving a conservative
financial policy and sustainable returns to shareholders.

The Buyback is planned to be financed by cash available on the balance
sheet. It is also expected to be earnings accretive.

'The Share Buyback Programme emphasizes our commitment to create value for
all shareholders. It also underlines our confidence in the equity story of
EADS and our business plans. The Share Buyback Programme represents good
use of company funds in the interest of EADS and its shareholders and it
preserves, at the same time, our strategic flexibility and a sound balance
sheet', said EADS Chief Executive Officer Tom Enders.

The Buyback may be carried out by any means, including on stock exchange,
in private purchase or via derivative products, subject to market
conditions, applicable legal requirements, and other applicable laws. EADS
will disclose the results of the Buyback in accordance with its disclosure
obligations.

The Buyback will enable EADS to repurchase shares from all its
shareholders.

Shares acquired through the Buyback will be cancelled .

New Board Composition

Besides the appointment of the new Chairman as well as the reappointment of
the CEO, the new Board of Directors also elected the members of the
Audit Committee and the Remuneration & Nomination Committees.

Based on their strong experience in recent years, Sir John Parker and
Hermann-Josef Lamberti were elected to continue serving as Chairmen of the
Remuneration & Nomination Committee and Audit Committee respectively.

Joining Sir John Parker in the Remuneration & Nomination Committee as
members are Jean-Claude Trichet, Lakshmi N. Mittal and Hans-Peter Keitel.

Besides Hermann-Josef Lamberti, the Audit Committee is composed of Anne
Lauvergeon, Michel Pébereau and Josep Piqué i Camps.

Disclaimer: EADS is at no times obliged to engage in transactions to
repurchase its own shares and the Share Buyback Programme does not
constitute a tender offer, or, more generally, any offer or solicitation to
purchase or to sell EADS shares or other securities.

About EADS

EADS is a global leader in aerospace, defence and related services. In
2012, the Group - comprising Airbus, Astrium, Cassidian and Eurocopter -
generated revenues of EUR 56.5 billion and employed a workforce of over
140,000.

Contacts:

Martin Agüera +49 175 227 4369
Rod Stone +33 6 3052 1993
Matthieu Duvelleroy +33 6 2943 1564
Gregor Kursell +49 (0)89 607 34255

02.04.2013 DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de

---

Language: English
Company: European Aeronautic Defence and Space Company EADS N.V.
P.O. Box 32008
2303 DA Leiden
Netherlands
Phone: 00 800 00 02 2002
Fax: +49 (0)89 607 - 26481
E-mail: ir@eads.net
Internet: www.eads.com
ISIN: NL0000235190
WKN: 938914
Indices: MDAX
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, Düsseldorf, Hamburg, Hannover, München, Stuttgart

End of Announcement DGAP News-Service

---