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2014 Compact

Weimar: ... Do you mean noise abatement? There have been considerable advancements over the past few years in this area. Schulte: Yes, we have played a leading role worldwide here, including in our responsibil- ity to our neighbors. Together with the Ger- man Air Navigation Services and Lufthansa, the innovative ground-based augmentation system GBAS was introduced, which will help to refine approach and takeoff routes. The initial test phases for the new noise break models will start in 2015. Aircraft movements will be bundled on certain takeoff and landing runways or departure and arrival routes in such a way that there will be breaks from the noise for people living in the vicinity of the routes not being used. Overall, we have strict demands when it comes to noise abatement, also because there are always new methods that need to be tested. But we are moving in the right direction. However, we are not satisfied with gate avail- ability and the proportion of bus boardings, especially for intercontinental flights. We need to take action here, or it’s not only our pas- senger satisfaction that will suffer. This can be solved through the construction of Terminal 3. Weimar: We also discussed this topic intensely on the Supervisory Board and adopted a num- ber of resolutions. The two independent opin- ions forecasting further growing passenger numbers for the next few years strengthens our resolve. It is very positive, but forces us to take action. The approvals are there, the plans are well advanced. As Fraport AG’s largest share- holder, the State Government has also since published its review report of the expansion project. In a special meeting of the Supervisory Board in April, we discussed Terminal 3 again and decided on construction. Schulte: The State Government’s reports provide quality assurance, and of course we analyzed them extensively. They confirm our basic assumptions. With the renewed resolu- tion by the Supervisory Board to construct Terminal 3, initial civil engineering will start in 2015. Fortunately, we have an excellent team of employees we can rely on to implement the project. It’s a strength that also distinguishes our company in many other areas at home and abroad. This team will do everything to ensure that Terminal 3 becomes a calling card for the Rhine-Main Region and far beyond. It will raise customer service and the passenger experi- ence to a new level. The numerous options for energy-efficient construction are an important added benefit, helping us to achieve our goals in environmental management. In energy management, we are certainly addressing our existing buildings and systems as well, for example, by using LED technology. Weimar: Nevertheless, we have set ambitious internal targets in the approved business plan. It shows how much the company can do under its own steam. Schulte: We have made good headway here in recent years. Earnings in 2014 met expecta- tions. With EBITDA of some €790 million and EBIT of around €483 million, we once again significantly surpassed the previous year’s figures – as announced. The Group result also reported an increase of €252 million. The important free cash flow also continues to develop in the right direction. The positive development will continue in 2015. Weimar: In the Supervisory Board, we have recognized the positive development and have reflected it in the dividend proposal to the AGM. After four years without an increase, the shareholders can now look forward to a 10 cent increase to €1.35 per share held. In any case, it’s still all go here, and not only in Frankfurt. The Group continues to grow, after all: with the acquisition of AMU Holdings, Fraport has taken over the center management for retail business of four American airports and as a result has established a first foothold in the USA. In addition, we were able to take over the operator company of the airport of Slovenia’s capital city, Ljubljana. Schulte: Yes, we expanded our international portfolio considerably in 2014. The integra- tion phase for the new additions to our Fraport Group is now underway, and the aim will then be to develop the investments successfully. Among these acquisitions are our plans in Greece. There, we are working on concluding the contract for the operation of 14 regional airports, which we are expecting for the end of 2015/start of 2016. Weimar: These are interesting developments which are also described in detail in our annual report. I initially found it hard to forgo having a printed version. Schulte: It’s undoubtedly unusual, but a sensible step. The annual report keeps getting more and more extensive, while the demand for printed versions has been decreasing sharply. We have gone down a different path and now offer the complete report in electronic form only. At the same time, we have brought together the major topics of the sustainability and annual report in a con- densed form. We will offer a printed version of the new format of “2014 Compact – Fraport. Finance. Sustainability” report. We will also publish further information in accordance with the Global Reporting Initiative standard (GRI) in a separate report on our website. To- gether, the reports also describe the progress achieved in terms of the 10 principles of the UN Global Compact, which we have expressly recognized since 2007. I am confident that these changes will be well-received by our stakeholders. Dr Stefan Schulte Chairman of the Executive Board Karlheinz Weimar Chairman of the Supervisory Board 32014 Compact Foreword

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