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Press conference - Aerodrom Ljubljana, d.d.

IN ITS 40TH YEAR OF OPERATION AERODROM LJUBLJANA PLANS TO INCREASE THE NUMBER OF PASSENGERS

Although the number of passengers in 2002decreased compared to the previous year, the Company earned a profit of SIT 1.5 billion. A 6% rise in the volume of traffic is anticipated in 2003, to be achieved thanks to an increased share of foreign air carriers in total traffic, active co-operation with tour operators and state institutions, as well as close alliance with local communities aimed at attracting low cost carriers, more Russian guests through the Moscow-based company Kompas-Hit and by co-operation with other airports.

In 2002, Aerodrom Ljubljana recorded 28,571 aircraft movements, 872,966 passengers and slightly over 12,000 tonnes of cargo were handled. The Companys operating income amounted to SIT 4.6 billion, whilst operating expenses totalled SIT 3.8 billion. Net profit of the Company was SIT 1.5 billion SIT. In 2002, the following air carriers operated at Ljubljana Airport: Adria Airways, Swiss International Air Lines, Aeroflot, ČSA, JAT, Montenegro Airlines, Alpe Air, Solinair and others. There were fewer passengers evidently both globally and domestically. Aerodrom Ljubljana recorded a 2.4% drop in 2002 compared to the previous year. The number of passengers flying with the domestic air carrier fell by slightly less than 1%, while the number of those transported by foreign airlines dropped by as much as 17.5%. This year the downward trend in the number of passengers is expected to weaken, therefore a 6% increase in global traffic is anticipated by the industry.

»Due to Slovenia's accession to the EU and globalisation of air traffic, the Management Board will be proactive and strive to increase the market share of the airport. We will endeavour to increase the share of foreign air carriers in total traffic through the Ljubljana Airport, focusing on airlines from so far uncovered markets (smaller and regional air companies). In addition, there will be more charter flights by foreign air carriers. Of course, this increase will have no negative impact on our good co-operation with the domestic air carrier Adria Airways,« explained their plans Vinko Može, the President of the Management Board of Aerodrom Ljubljana.

In 2003, Aerodrom Ljubljana plans to invest SIT 1.8 billion. The major investment is the construction of a hangar and an apron for general aviation. The works are expected to be finished by autumn this year. By then the technical project documentation will have been completed and designs for a new passenger terminal will be introduced to the public.

This year the project of extending the main taxiway will be completed, in addition to some minor investments and ground works.

Aerodrom Ljubljana

Management Board

Brnik, 6 March, 2003