Process expected to be completed by the end of 2005

The Swiss company AirTrust AG has initiated a squeeze-out procedure with respect to the remaining publicly held SWISS shares. Following completion of the squeeze-out procedure, the SWISS shareholders affected by the squeeze-out will receive the same compensation for their shares as those shareholders who tendered their shares to AirTrust AG during the offer period. SWISS expects the squeeze-out process to be completed by the end of this year.   

The Civil Court of Basel-Stadt announced today in the Swiss Official Gazette of Commerce that AirTrust AG has initiated a squeeze-out procedure with respect to the remaining publicly held SWISS shares and on all other outstanding rights to acquire SWISS shares. SWISS has requested the court to approve the squeeze-out action of AirTrust AG. 

Following completion of the squeeze-out procedure, the SWISS shareholders affected by the squeeze-out will receive the same compensation for their shares as those shareholders who tendered their shares to AirTrust AG during the offer period. SWISS shareholders who have deposited their shares with a bank will automatically receive a credit of CHF 8.96 per share automatically following completion of the squeeze-out procedure. SWISS shareholders who keep their shares at home will be required to contact the SWISS Share Register to receive such compensation.     

For further information please contact:

Deutsche Lufthansa AG
Corporate Communications
Phone+49 69 696 – 51014
Fax+49 69 696 – 95428F
http://media.lufthansa.com

Swiss International Air Lines Ltd.
Corporate Communications
Phone +41 848 773 773
Fax +41 44 564 2127
communications@swiss.com