Københavns Lufthavne — Earnings Release 2012

Mar 12, 2012

New monthly record at Copenhagen Airport

A significant increase in transfer traffic has strengthened Copenhagen
Airport's position as the hub of northern Europe. Copenhagen Airport had more
than 1.6 million passengers in February, a 6.5% year-on-year increase.

A total of 1,621,373 passengers travelled through Copenhagen Airport in
February, which was a new monthly record for the airport. The record was
achieved due to a significant increase in the number of international
passengers by 8.6% and, not least, growth in the number of transfer passengers
by as much as 14.3%, mainly driven by a significant increase in traffic from
Finland. Conversely, domestic traffic declined.

"Domestic traffic has grown by about 20% over the past three years due to
increased competition and resulting in lower fares. However, we have recently
seen a decline in domestic traffic due to reductions in the number of
frequencies and in capacity," said Carsten Nørland, VP, Sales and Marketing for
Copenhagen Airports A/S.

The leap day in February generated some additional traffic – supported by the
fact that the previous February record was reached in 2008, which was also a
leap year.