Fraport Casa-Voluntary Property Compensation Program!

[White Cap]

Time: 11:12
Date: January 24,2005
Sender Name: PR Newswire

"Fraport Casa " Voluntary Property Compensation Program Launched (Shortened Version)

In connection with the planned Northwest landing runway for Frankfurt Airport (FSE: FRA), Fraport AG is launching a voluntary program for purchasing residential properties or compensating owners of homes, which will be overflown at extremely low altitudes after FRA's expansion.

More than 1,200 homes in Florsheim am Main will be eligible for the Fraport Casa program. Fraport is aware that a new landing runway and expanded airport capacity will create additional blight, which previously could not be anticipated. The Fraport Casa program was designed to compensate residents for these burdens.

For reasons of non-discrimination, the voluntary program will also apply for some residential areas in Raunheim (south of Florsheim am Main), which are already overflown at low altitudes today, as well as about five to ten houses in Kelsterbach.

The affected overflight zone is defined according to a flight altitude of 350
meters above ground level. Featuring a 180-meter wide core zone and 60-meter wide transition zones - both to left and right - the total zone affected is 420 meters wide.

Owners of residential properties - who purchased or constructed their homes before June 10, 2002, assuming that their homes were not located in proximity to the landing path - enjoy the so-called protection of confidence. The above date marked the day that the Regional Planning Evaluation Report was presented in conclusion of the regional planning procedure, which declared the northwest landing runway to be the preferred site for FRA's new runway.

Owners of homes in the defined core zone at Florsheim am Main can request Fraport to purchase their homes or provide compensation payment in the amount of EUR150 per square meter of living space - provided their ownership started before June 10, 2002. For entitled homeowners in the transition zones, Fraport pays EUR100 and EUR50 respectively per square meter.

Homeowners in the affected areas in Florsheim am Main as well as homeowners in Raunheim who acquired or built their homes after June 10, 2002, are entitled to a compensation of EUR100 per square meter, if located in the core zone or transition zone 1, and to EUR50 per square meter if located in transition zone 2.

For More Information, Please Contact:

Fraport AG Frankfurt Airport Services Worldwide
Robert A. Payne, B.A.A. - Manager International Press
Press Office (Dept. UKM-PS), Corporate Communications (UKM)
60547 Frankfurt am Main, Federal Republic of Germany
Tel.: +49-69-690-78547; Fax: +49-69-690-60548;
E-mail: [email protected]; Internet: http://www.fraport.de

Cheers,
White Cap