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Press Releases – Sapo UPDATE PRESS RELEASE - 06/02/09 on SAPO - Longstock SAPO is still negotiating for SkyEurope takeover. Additionally, SAPO has confirmed the immediate availability of a EUR 12.5 M letter of Guarantee from a reputed UK based bank for the release of funds owned to SkyEurope by E Clear (A Credit Card Processor). PRESS RELEASE - 06/02/09 on SAPO - Longstock SAPO withdraw from the Joint Venture agreement with Longstock setting independent course. SAPO announced today that it has withdrawn from the Joint Venture agreement with Longstock Portugal due to non performance and credibility of the latter. Regardless, all negotiations performed until today Friday 6th February with el presidente Mr. Vitor de Costa has collapsed due to crucial financial incredibility of the same. PRESS RELEASE – 06/01/09 SAPO International SA has received a letter of interest guarantee loan from Exim Bank, USA for finance of 4 aircrafts B737-700 worth of 125 M USD to commence the operations of SAPOAir based in Athens-Greece. PRESS RELEASE – 04/01/09 Exim Bank, USA has renewed a 115 M USD Letter of interest guarantee loan to SAPO International S.A for building the 7 stars SAPO Club resort in the Maldives. A breathtaking property of 200 Suites bungalows at the Hudufushi island. Resuming construction will start immediately after transfer of full property shares expected latest February 2009 and completion is scheduled for July 2010. The expected opening is in early winter 2010. SAPO will launch a bid for hotel management tender in April 2009. PRESS RELEASE – 04/01/09 SAPO Club on-line Payment is launched on sapo.com as of 12/1/09 A newly developed, user friendly application has been added on www.sapo.com corporate website supporting on line payment for SAPO Club Members & Associates . sapo.com visitors and partners may settle all relevant payments on-line with credit card secured processing of VISA, MATSERCARD and AMERICAN EXPRESS. This new application is in line with SAPO Club global rebranding and is available to agents, corporate clients and third party contractors as well. For further information on this application kindly contact: For existing SAPO Club Members: [email protected] For Corporate Accounts: [email protected] For Third Party: [email protected] PRESS RELEASE – 12/12/08 SAPO International S.A. based in Athens-Greece represented by its Chairman Mr. Georges Samaha and Longstock Financial Group based in Lisbon-Portugal represented by its President Mr. Vitor Costa announced today their newly developed partnership formatting Longstock SAPO Ltd. based in Gibraltar. The new company intends to acquire a controlling interest in SkyEurope Holding AG based in Vienna subject to regulatory approval. Due to the current financial situation of SkyEurope, Longstock Sapo plans to inject fresh capital in the company. Longstock SAPO does not intent to launch a mandatory takeover bid for SkyEurope but to apply for the restructuring privilege under the Austrian Takeover Act. SkyEurope is one of Europe’s low cost-low fare passenger airlines ( LCCs), with a focus on services to and from Central and Eastern Europe. From its bases in Bratislava, Prague, Vienna and Kosice, offers convenient, short-haul “point-to point” scheduled services to 41 cities in 19 European countries. SkyEurope operates the most modern fleet in Europe, consisting of 15 brand new 149-seat Boeing 737-700 (Next Generation) aircraft. It was recently awarded by Skytrax Research of London, that is primarily specialized in measuring the airlines services quality, as the best low-cost airline in Eastern Europe. The results of the survey for 2007/2008 represent the opinion of more than 90 nationalities world-wide. According to the survey SkyEurope was also ranked the 3rd best low-cost airline in the whole Europe. Relevant links: SAPO Takeover – http://wbag.archiv.apa.at/act/adhocdb/volltext.htm?doc=OTA_20081212_OTA0002&suc h=; http://en.wienerborse.at/ http://www.skyeurope.com/Documents/investor_news_20081211_en.pdf .
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