Aer Lingus: Possible Offer Update

26-Jan-2015 The Board of Directors of Aer Lingus (the "Board") confirms that it has received a revised proposal from International Consolidated Airlines Group, S.A. ("IAG") which values each Aer Lingus share at €2.55 comprising an all cash offer for the Company of €2.50 per share and a cash dividend of €0.05 per share (the "Revised Proposal"). The Revised Proposal remains conditional on, amongst other things, confirmatory due diligence, the recommendation of the Board of Aer Lingus and the receipt of irrevocable commitments from Ryanair Limited and the Minister for Finance of Ireland to accept the offer.