00910358 - QANTAS STATEMENT SYDNEY 3 December 2008 In...

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Qantas Airways Limited ABN 16 009 661 901 Further information and media releases can be found at the Qantas website: qantas.com SYDNEY, 3 December 2008: In response to recent media speculation, Qantas Airways Limited confirms that it is exploring a potential merger with British Airways plc via a dual-listed company structure. There is no guarantee that any transaction will be forthcoming and a further announcement will be made in due course, if appropriate. Any transaction would also comply fully with Qantas’ obligations under the Qantas Sale Act and Australia’s international Air Services Agreements. Dealing Disclosure Requirements The proposed combination is subject to the United Kingdom’s City Code on Takeovers and Mergers (the ‘Code’). Under the provisions of Rule 8.3 of the Code, if any person is, or becomes, 'interested' (directly or indirectly) in 1% or more of any class of 'relevant securities' of British Airways or of Qantas, all 'dealings' in any 'relevant securities' of those companies (including by means of an option in
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