GENERAL: AIA: Market update - Auckland Airport advises NQA milestones

7 Jul 2010 12:24 pm

AIA 07/07/2010 GENERAL

REL: 1224 HRS Auckland International Airport Limited

GENERAL: AIA: Market update - Auckland Airport advises NQA milestones

Auckland Airport advises NQA performance milestones

Auckland Airport welcomed the decision today by North Queensland Airports (NQA) to make available to Auckland Airport investors the new performance milestones for their business.

Auckland Airport chief executive Simon Moutter, said, "Since Auckland Airport became a minority shareholder in Cairns and Mackay Airports in early January 2010, we have been very aware that our own investors wanted to understand more of the financial and operational targets for this investment."

"Prior to the recent completion of a comprehensive business-planning process involving other NQA shareholders, it had not been possible to provide this information. Now that the full business planning process is complete, and NQA is in a position to do so, we welcome this opportunity to share with you their performance milestones and express our commitment to helping NQA deliver them."

See attached for PERFORMANCE MILESTONES FOR NQA table.

Ends

For further information, please contact:

Richard Llewellyn Senior communications manager +64 9 255 9089 +64 27 477 6120 End CA:00197037 For:AIA Type:GENERAL Time:2010-07-07:12:24:20

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