Obligation Fraport AG Frankfurt Airport Services Worldwide 5.25% ( XS0447977801 ) en EUR

Fraport AG Frankfurt Airport Services Worldwide

100.007 % ▲

Allemagne

XS0447977801 ( en EUR )

5.25% par an ( paiement annuel )

09/09/2019 - Obligation échue

Prospectus brochure de l'obligation Fraport AG Frankfurt Airport Services Worldwide XS0447977801 en EUR 5.25%, échue

1 000 EUR

800 000 000 EUR

L'Obligation émise par Fraport AG Frankfurt Airport Services Worldwide ( Allemagne ) , en EUR, avec le code ISIN XS0447977801, paye un coupon de 5.25% par an.
Le paiement des coupons est annuel et la maturité de l'Obligation est le 09/09/2019

Prospectus
dated 24 August 2009

Fraport AG Frankfurt Airport Services Worldwide
(a stock corporation incorporated under the laws of the Federal Republic of Germany,
having its corporate domicile in Frankfurt am Main, Federal Republic of Germany)

Euro-denominated Fixed Rate Notes due 2019

Fraport AG Frankfurt Airport Services Worldwide, Frankfurt am Main, Federal Republic of Germany (the "Issuer",
"Fraport AG" or "Fraport") will issue on or about 10 September 2009 (which date may be postponed up to two weeks,
the "Issue Date") l l % fixed rate notes due 2019 (the "Notes"). The Notes will be redeemed at par on 10 September
2019. The Notes will bear interest from and including 10 September 2009 to, but excluding, 10 September 2019 at a rate
of l % per annum, payable annually in arrear on 10 September in each year, commencing on 10 September 2010.

This prospectus (the "Prospectus") constitutes a prospectus within the meaning of Article 5.3 of the Directive
2003/71/EC of the European Parliament and the Council of 4 November 2003 (the "Prospectus Directive"). This
Prospectus will be published in electronic form together with all documents incorporated by reference on the website of
the Luxembourg Stock Exchange (www.bourse.lu). This Prospectus has been approved by the Commission de
Surveillance du Sector Financier of the Grand Duchy of Luxembourg (the "CSSF") in its capacity as competent authority
under the Luxembourg law relating to prospectuses (Loi relative aux prospectus pour valeurs mobilières), which
implements Directive 2003/71/EC of the European Parliament and the Council of 4 November 2003. The Issuer has
requested the CSSF to provide the competent authority in the Federal Republic of Germany ("Germany"), The
Netherlands, and the Republic of Austria with a certificate of approval attesting that the Prospectus has been drawn up
in accordance with the Luxembourg law relating to prospectuses for securities (the "Notification").

Application has been made to list the Notes on the official list of the Luxembourg Stock Exchange and admit the Notes
to trading on the regulated market of the Luxembourg Stock Exchange, a market appearing on the list of regulated
markets issued by the E.C. pursuant to Directive 2004/39/EC of 21 April 2004 on markets in financial instruments.

The Notes are issued in bearer form with a denomination of 1,000 each.

The Notes have been assigned the following securities codes: ISIN XS0447977801, Common Code 044797780, WKN
A1A55A.

The final offer price and amount, the interest rate, the issue proceeds, the commissions, the yield and the expenses of
the issue will be included in the Pricing Notice (as defined in "SUBSCRIPTION, SALE AND OFFER OF THE NOTES"
below) which will be published on the website of the Luxembourg Stock Exchange (www.bourse.lu) on or prior to the
Issue Date of the Notes.

Joint Lead Managers

Deutsche Bank

DZ BANK AG

Commerzbank Corporates & Markets

Landesbank Baden-Württemberg

2
RESPONSIBILITY STATEMENT
The Issuer with its registered office in Germany accepts responsibility for the information contained in
this Prospectus and hereby declares that, having taken all reasonable care to ensure that such is the
case, the information contained in this Prospectus is, to the best of its knowledge, in accordance with
the facts and contains no omission likely to affect its importance.

The Issuer further confirms that (i) this Prospectus contains all information with respect to the Issuer
and its subsidiaries and affiliates taken as a whole (the "Fraport Group" or the "Group") and to the
Notes which is material in the context of the issue and offering of the Notes, including all information
which, according to the particular nature of the Issuer and of the Notes is necessary to enable
investors and their investment advisers to make an informed assessment of the assets and liabilities,
financial position, profits and losses, and prospects of the Issuer and the Fraport Group and of the
rights attached to the Notes; (ii) the statements contained in this Prospectus relating to the Issuer, the
Fraport Group and the Notes are in every material particular true and accurate and not misleading; (iii)
there are no other facts in relation to the Issuer, the Fraport Group or the Notes the omission of which
would, in the context of the issue and offering of the Notes, make any statement in the Prospectus
misleading in any material respect; and (iv) reasonable enquiries have been made by the Issuer to
ascertain such facts and to verify the accuracy of all such information and statements.

NOTICE
No person is authorised to give any information or to make any representations other than those
contained in this Prospectus and, if given or made, such information or representations must not be
relied upon as having been authorised by or on behalf of the Issuer or the Managers (as defined in
"SUBSCRIPTION, SALE AND OFFER OF THE NOTES"). Neither the delivery of this Prospectus nor
any offering, sale or delivery of any Notes made hereunder shall, under any circumstances, create any
implication (i) that the information in this Prospectus is correct as of any time subsequent to the date
hereof or, as the case may be, subsequent to the date on which this Prospectus has been most
recently amended, or supplemented, or (ii) that there has been no adverse change in the financial
situation of the Issuer which is material in the context of the issue and sale of the Notes since the date
of this Prospectus or, as the case may be, the date on which this Prospectus has been most recently
amended or supplemented, or the balance sheet date of the most recent financial statements which
are deemed to be incorporated into this Prospectus by reference or (iii) that any other information
supplied in connection with the issue of the Notes is correct at any time subsequent to the date on
which it is supplied or, if different, the date indicated in the document containing the same.

This Prospectus contains certain forward-looking statements, including statements using the words
"believes", "anticipates" "intends", "expects" or other similar terms. This applies in particular to
statements under the caption "GENERAL INFORMATION ABOUT THE ISSUER - Business" and
statements elsewhere in this Prospectus relating to, among other things, the future financial
performance, plans and expectations regarding developments in the business of the Issuer. These
forward-looking statements are subject to a number of risks, uncertainties, assumptions and other
factors that may cause the actual results, including the financial position and profitability of the Issuer,
to be material y different from or worse than those expressed or implied by these forward-looking
statements. The Issuer does not assume any obligation to update such forward-looking statements
and to adapt them to future events or developments.

Neither the Managers nor any other person mentioned in this Prospectus, except for the Issuer, is
responsible for the information contained in this Prospectus or any other document incorporated
herein by reference, and accordingly, and to the extent permitted by the laws of any relevant
jurisdiction, none of these persons accepts any responsibility for the accuracy and completeness of
the information contained in any of these documents. The Managers have not independently verified
any such information and accept no responsibility for the accuracy thereof.

Each investor contemplating purchasing any Notes should make its own independent investigation of
the financial condition and affairs, and its own appraisal of the creditworthiness of the Issuer. This
Prospectus does not constitute an offer of Notes or an invitation by or on behalf of the Issuer or the
Managers to purchase any Notes. Neither this Prospectus nor any other information supplied in

3
connection with the Notes should be considered as a recommendation by the Issuer or the Managers
to a recipient hereof and thereof that such recipient should purchase any Notes.

This Prospectus does not constitute, and may not be used for the purposes of, an offer or solicitation
by anyone in any jurisdiction in which such offer or solicitation is not authorised or to any person to
whom it is unlawful to make such offer or solicitation.

The offer, sale and delivery of the Notes and the distribution of this Prospectus in certain jurisdictions
is restricted by law. Persons into whose possession this Prospectus comes are required by the Issuer
and the Managers to inform themselves about and to observe any such restrictions. In particular, the
Notes have not been and will not be registered under the United States Securities Act of 1933, as
amended (the "Securities Act") and are subject to U.S. tax law requirements. Subject to certain
limited exceptions, the Notes may not be offered, sold or delivered within the United States or to U.S.
persons.

For a further description of certain restrictions on offerings and sales of the Notes and distribution of
this Prospectus (or of any part thereof) see "SUBSCRIPTION, SALE AND OFFER OF THE NOTES -
Selling Restrictions."

The legally binding language of this Prospectus is English. Any part of the Prospectus in German
language constitutes a translation, except for the conditions of issue of the Notes in respect of which
German is the legal y binding language.

IN CONNECTION WITH THE ISSUE OF THE NOTES, DEUTSCHE BANK AG, LONDON BRANCH
(OR PERSONS ACTING ON ITS BEHALF) MAY OVER-ALLOT NOTES OR EFFECT
TRANSACTIONS WITH A VIEW TO SUPPORTING THE PRICE OF THE NOTES AT A LEVEL
HIGHER THAN THAT WHICH MIGHT OTHERWISE PREVAIL. HOWEVER, THERE IS NO
ASSURANCE THAT DEUTSCHE BANK AG, LONDON BRANCH (OR PERSONS ACTING ON ITS
BEHALF) WILL UNDERTAKE STABILISATION ACTION. ANY STABILISATION ACTION MAY BEGIN
AT ANY TIME AFTER THE ADEQUATE PUBLIC DISCLOSURE OF THE TERMS OF THE OFFER
OF THE NOTES AND, IF BEGUN, MAY BE ENDED AT ANY TIME, BUT IT MUST END NO LATER
THAN THE EARLIER OF 30 CALENDAR DAYS AFTER THE DATE OF THE RECEIPT OF THE
PROCEEDS OF THE ISSUE BY THE ISSUER AND 60 CALENDAR DAYS AFTER THE DATE OF
THE ALLOTMENT OF THE NOTES. SUCH STABILISING SHALL BE IN COMPLIANCE WITH ALL
LAWS, DIRECTIVES, REGULATIONS AND RULES OF ANY RELEVANT JURISDICTION.

4

TABLE OF CONTENTS

Summary.................................................................................................................................................. 5
German Translation of the Summary..................................................................................................... 10
Risk Factors ........................................................................................................................................... 16
Use of Proceeds .................................................................................................................................... 25
General Information about the Issuer .................................................................................................... 26
Conditions of Issue ................................................................................................................................ 50
Taxation ................................................................................................................................................. 65
Subscription, Sale and Offer of the Notes ............................................................................................. 69
General Information / Incorporation by Reference ................................................................................ 73
Names and Addresses........................................................................................................................... 75

5
SUMMARY
The following constitutes the summary (the "Summary") of the essential characteristics of and risks
associated with the Issuer and the Notes. This Summary should be read as an introduction to this
Prospectus. It does not purport to be complete and is taken from, and is qualified in its entirety by, the
remainder of this Prospectus. Any decision by an investor to invest in the Notes should be based on
consideration of this Prospectus as a whole. Where a claim relating to the information contained in this
Prospectus is brought before a court, the plaintiff investor might, under the national legislation of such
court, have to bear the costs of translating the Prospectus before the legal proceedings are initiated.
Civil liability attaches to the Issuer who has tabled this Summary including any translation thereof, and
applied for its notification, but only if the Summary is misleading, inaccurate or inconsistent when read
together with the other parts of this Prospectus.

Summary in respect of the Notes

Words and expressions defined in the Conditions of Issue of the Notes reproduced elsewhere in this
Prospectus shall have the same meanings in this Summary.

Issuer:
Fraport AG Frankfurt Airport Services Worldwide

Joint Lead Managers:
Deutsche Bank AG, London Branch
DZ BANK AG Deutsche Zentral-Genossenschaftsbank, Frankfurt
am Main
Commerzbank Aktiengesellschaft
Landesbank Baden-Württemberg

Principal Paying Agent:
Deutsche Bank Aktiengesellschaft

Luxembourg Listing and
Deutsche Bank Luxembourg S.A.
Paying Agent:

Determination of Principal
The final issue price and principal amount, the interest rate, the
Amount and Issue Price,
issue proceeds, the commissions, the yield and the expenses of the
etc.:
issue will be included in the Pricing Notice (as defined in
"SUBSCRIPTION, SALE AND OFFER OF THE NOTES" below)
which will be published on the website of the Luxembourg Stock
Exchange (www.bourse.lu) on or prior to the Issue Date of the
Notes.
Principal Amount:
l

Issue Price:
l %
Issue Date:
10 September 2009
Subject to market conditions, the Issue Date may be postponed up
to two weeks. Prospective investors will be informed of such
postponement in the manner described in the section "Subscription,
Sale and Offer of the Notes".
Denomination:
The Notes will be issued in a denomination of 1,000 each.
Form of Notes:
The Notes will initially be represented by a temporary global bearer
Note (the "Temporary Global Note") without interest coupons
which will be kept in custody by a common safekeeper on behalf of
both, Clearstream Banking société anonyme, Luxembourg and
Euroclear Bank SA/NV (together, the "Clearing System"). Notes
represented by the Temporary Global Note will be exchangeable for
Notes represented by a permanent global bearer Note (the
"Permanent Global Note", and each of the Temporary Global Note

6
and the Permanent Global Note, a "Global Note") without interest
coupons not earlier than 40 days after the Issue Date in accordance
with the provisions set out in the Conditions of Issue. In particular
such exchange and any payment of interest on Notes represented
by the Temporary Global Note shall only be made upon delivery of
certifications as to non-U.S. beneficial ownership in accordance
with the rules and operating procedures of the Clearing System.
Payments on the Temporary Global Note will only be made against
presentation of such certifications. No definitive Notes or interest
coupons will be issued.
Interest:
The Notes will bear interest from and including 10 September 2009
to, but excluding, 10 September 2019 at a rate of l % per annum,
payable annual y in arrear on 10 September in each year,
commencing on 10 September 2010.
Taxation:
Principal and interest shall be payable without withholding or
deduction for or on account of any present or future taxes or duties
of whatever nature imposed or levied by or on behalf of Germany or
by or on behalf of any political subdivision or authority thereof or
therein having power to tax (the "Withholding Taxes"), unless such
withholding or deduction is required by law. In such event, the
Issuer will, subject to the exceptions set out in the Conditions of
Issue, pay such additional amounts as shall be necessary in order
that the net amounts received by the Holders of the Notes after
such withholding or deduction shall equal the respective amounts of
principal and interest which would otherwise have been receivable
in respect of the Notes in the absence of such withholding or
deduction.
Early Redemption for
Early redemption of the Notes for reasons of taxation will be
Taxation Reasons:
permitted, if as a result of any change in, or amendment to, the laws
or regulations (including any amendment to, or change in, an official
interpretation or application of such laws or regulations) of Germany
or any political subdivision or taxing authority thereto or therein
affecting taxation or the obligation to pay duties of any kind, the
Issuer will become obligated to pay additional amounts on the
Notes, all as more fully set out in the Conditions of Issue.
Status of the Notes:
The obligations under the Notes constitute unsecured and
unsubordinated obligations of the Issuer ranking pari passu among
themselves and pari passu with all other unsecured and
unsubordinated obligations of the Issuer, unless such obligations
are accorded priority under mandatory provisions of statutory law.
Negative Pledge:
In the Conditions of Issue the Issuer agrees not to provide any
security for any Capital Market Indebtedness.
Events of Default:
The Notes will provide for events of default entitling Holders to
demand immediate redemption of the Notes, all as more fully set
out in the Conditions of Issue.
Cross Default:
The Conditions of Issue do not contain a cross default clause in
relation to non-payment of indebtedness.
Governing Law:
The Notes will be governed by German law.
Jurisdiction:
Non-exclusive place of jurisdiction for any legal proceedings arising
under the Notes is Frankfurt am Main.

7
Schuldverschreibungsgesetz The Conditions of Issue provide that Holders may agree by majority
2009 (Law on Debt
vote to amendments of the Conditions of Issue and appoint a
Securities):
noteholders' representative for all Holders for the preservation of
their rights (§ 5 subparagraph 1 sentence 1 SchVG) pursuant to the
Schuldverschreibungsgesetz 2009 (Law on Debt Securities,
SchVG). Resolutions will be adopted in a noteholders' meeting.
Listing and admission to
Application has been made for admission to trading of the Notes on
trading:
the regulated market of the Luxembourg Stock Exchange and for
listing of the Notes on the official list of the Luxembourg Stock
Exchange.
Selling Restrictions:
The offer and the sale of the Notes and the distribution of offering
materials are subject to specific restrictions. The relevant
restrictions applicable in the European Union, the USA and the
United Kingdom of Great Britain and Northern Ireland as well as
Japan are set out under "SUBSCRIPTION, SALE AND OFFER OF
THE NOTES".
Clearance and Settlement:
The Notes will be accepted for clearing through the Clearing
System.
Availability of documents:
This Prospectus and the documents incorporated by reference
herein can either be found on the website of the Luxembourg Stock
Exchange (www.bourse.lu) or are obtainable in printed form at the
address of the Paying Agent in Luxembourg, Deutsche Bank
Luxembourg S.A., 2 Boulevard Konrad Adenauer, 1115
Luxembourg, Luxembourg.

Summary in respect of the Issuer

Fraport AG is a stock corporation (Aktiengesellschaft) incorporated under the laws of Germany and
registered in the commercial register of the local court (Amtsgericht) of Frankfurt am Main under HRB
7042. Fraport AG is the parent company of the Fraport Group. Pursuant to § 2 of its articles of
association, the object of the Issuer is, in particular, the operation, maintenance, development and
expansion of Frankfurt/Main Airport.
The major shareholders of Fraport AG are the State of Hesse (31.52 %), Stadtwerke Frankfurt am
Main Holding GmbH (20.13 %), Julius Bär Holding AG (10.33 %) and Deutsche Lufthansa AG
(9.93 %).
The Issuer, established in 1924 operates the Frankfurt/Main Airport and other airports throughout the
world. Fraport with its registered office in Frankfurt am Main generated consolidated revenues on a
group wide basis of 2.1 billion in the fiscal year 2008.

Frankfurt/Main Airport handled a passenger volume of 53.5 million in 2008; and a cargo volume of
2,111,116 metric tons. The range of services offered by Fraport does not just include all services
relating to flight operations, the Group is also active in retailing, real estate development and ground
handling. As a full service provider in the airport business, Fraport is represented on four continents
with shareholdings and subsidiaries. In 2008, the Group had 23,079 employees as an annual average.

Since 1 January 2009 the business activities of the Fraport Group are divided into four segments:
Aviation, Retail &Real Estate, Ground Handling and External Activities & Services. The strategic
business units of Fraport are clearly assigned to these segments and Executive Board members.

The current members of the Issuer's Executive Board are Prof. Dr. Wilhelm Bender, Dr. Stefan
Schulte, Herbert Mai and Dr. Matthias Zieschang. As per 31 August 2009 Prof. Dr. Bender will retire
as Chief Executive Officer and will be succeeded by Dr. Stefan Schulte. New member of the Executive
Board will be Peter Schmitz as per 1 September 2009.

8
The auditors of the Issuer for the fiscal year 2008 onwards are KPMG AG
Wirtschaftsprüfungsgesellschaft, Frankfurt am Main.

The following table sets out the key financial information about the Fraport Group:

Fiscal year
Fiscal year
First half 2009
First half 2008
2008
2007

( million)
Total Revenue.................................................2,201.9
2,425.8
988.9
1,098.5
EBITDA ........................................................... 600.7
580.5
255.4
285.4
Group profit for the period ............................... 180.2
213.7
70.1
101.8*
Cash flow from operating activities .................. 468.0
478.6
158.6
102.9*
Total assets.....................................................6,494.1
5,704.7
7,362.5
6,578.4**
Shareholders' Equity ................................
2,510.0
2,493.3
2,497.4
2,568.2**
* In accordance with the new accounting of IAS 23 as of 1 January 2009 the figures for 2008 were adjusted for comparative
purposes.
** Figures as of 31 December 2008. Figures were also adjusted in line with IAS 23.

Summary in respect of Risk Factors

Summary of Risk Factors regarding the Issuer
Fraport's business, and as a result, the value of the Notes, are exposed to a number of risks. The
following contains a description of certain risks, which may materially adversely affect Fraport's
financial position and results of operations.
- Weakening economic conditions or other factors, such as exchange rate and oil and kerosene
price fluctuations, or a decrease in air traffic or lower than expected growth of air traffic could
reduce Fraport's revenues and earnings from customers in all of Fraport's business segments
or hinder Fraport's abilitiy to increase such revenues and earnings. In particular Fraport's
activities in its business segment External Activities & Services are also subject to political and
economic risks. A substantial part of the fees Fraport generates is regulated and the ability of
Fraport to change such fees is therefore limited.
- Fraport is exposed to market risks such as increased competition from the low-cost airline
segment on the traditional carriers which use hub-systems operated at airports such as
Frankfurt/Main Airport and the creation of new hub systems in the Middle East and an
increasing number of direct flights from other airports reducing the hub function of airports
such as Frankfurt/Main Airport. Fraport is also dependent on its business relationship with
Deutsche Lufthansa and its Star Alliance partners. A deterioration of this relationship could
have a significantly negative impact on Fraport. Generally, Fraport's business agreements are
subject to short termination periods.
- Recent amendments to the German Aircraft Noise Act may result in substantial expenses for
Fraport. The increasing market and competitive pressures on aviation customers may make it
difficult for Fraport to recover such and other investment expenses in full or partially from fee
increases.
- The planned liberalisations of ground handling services in the EU may have a negative impact
on the revenue and profitability of Fraport's ground handling activities. A future loss of
contracts in the aviation security business as a result of future tendering of such services at
Frankfurt/Main Airport could have a negative impact on Fraport and its aviation security
subsidiary FraSec GmbH.
- A delay or other impediments to the planned expansion of Frankfurt/Main Airport could
significantly impact Fraport's future revenue and earning capacity, in particular if airlines such
as Lufthansa relocate their flights or operations to other airports as a result thereof, and impair
Fraport's substantial capitalised capital expenditures for the expansion, or if the development
of additional retail areas is delayed or impeded.
- Fraport requires substantial debt financing and is therefore susceptible to changes in
particular in interest rates, credit risks and foreign exchange rates. Fraport has deposited

9
significant funds with commercial banks and therefore bears a respective counterparty risk.
- Fraport is exposed to legal risks, in particular in connection with the planned expansion of
Frankfurt/Main Airport and in connection with its investment in an airport terminal project in
Manila, Philippines. Fraport is also exposed to taxation risks as a result of tax audits.
- Fraport's business operations could be adversely affected by accidents, terrorist attacks, wide-
spread diseases and technological and IT breakdowns.
- A possible withdrawal of Fraport from the supplementary benefits program for municipalities
and municipal associations in Wiesbaden (ZVK) could obligate it to make large equalisation
payments. In addition, there is the risk for Fraport AG in the case of a material decrease of
new members for which contributions are paid to the ZVK (Bestandsaustrocknung), to have to
make compensation payments in significant amounts to ZVK.
- The public authorities of the State of Hesse and the City of Frankfurt which hold a majority
stake in Fraport AG have decisive influence over the Issuer.
- Fraport's business operations significantly depend on the granting and continuation of
regulatory approvals. Regulatory changes and decisions by competent authorities including
courts could result in additional expenses for Fraport or reduce earning capacity.

Summary of Risk Factors regarding the Notes
An investment in the Notes involves certain risks associated with the characteristics of the Notes
which could lead to substantial losses that Holders would have to bear in the case of selling their
Notes or with regard to receiving interest payments and repayment of principal. Those risks include
that:
-
the Notes may not be a suitable investment for any investor;
- prior to the issue, there has been no public market for the Notes and there can be no
assurance that a liquid secondary market for the Notes will develop or, if it does develop, that
it will continue; in an illiquid market, an investor might not be able to sell his Notes at any time
at fair market prices;
- the price of the Notes falls as a result of changes in market interest rates;
- market value of the Notes could decrease if the creditworthiness of the Fraport Group worsens
or the shareholder structure of Fraport changes or as a result of changes in IFRS and
HGB/German Commercial Code standards applicable to Fraport;
- the Notes may be subject to early redemption at the principal amount, if the Issuer becomes
obligated to bear withholding taxes which are or will be leviable on payments of principal or
interest in respect of the Notes; if the Issuer calls and redeems the Notes in such case, the
noteholders may only be able to reinvest the redemption proceeds in securities with a lower
yield;
-
a Holder is subject to the risk to be outvoted and to loose rights towards the Issuer against his
will in the case that Holders agree pursuant to the Conditions of Issue to amendments of the
Conditions of Issue by majority vote according to the Schuldverschreibungsgesetz 2009 (Law
on Debt Securities). In the case of an appointment of a noteholders' representative for all
Holders a particular Holder may loose, in whole or in part, the possibility to enforce and claim
his rights against the Issuer regardless of other Holders;
- the euro denominated Notes could represent a currency risk for a Holder if the euro
represents a foreign currency to such Holder; in addition governments and competent
authorities could impose exchange controls in the future; and
- there is no restriction on the amount of debt which the Issuer may incur in the future.
The realisation of any of the risks described above may affect the Issuer's ability to fulfil its payment
obligations under the Notes and/or lead to a decline in the market price of the Notes.

10
GERMAN TRANSLATION OF THE SUMMARY
ZUSAMMENFASSUNG
Der folgende Abschnitt stellt die Zusammenfassung (die "Zusammenfassung") der wesentlichen
Merkmale und Risiken der Emittentin und der Schuldverschreibungen dar. Die Zusammenfassung ist
als Einleitung zu diesem Prospekt zu verstehen. Sie ist keine vollständige Darstellung und im
Zusammenhang mit dem Prospekt zu lesen. Der Anleger sollte jede Entscheidung zur Anlage in die
Schuldverschreibungen auf die Prüfung des gesamten Prospekts stützen. Für den Fall, dass vor
einem Gericht Ansprüche aufgrund der in diesem Prospekt enthaltenen Informationen geltend
gemacht werden, könnte der klagende Anleger in Anwendung einzelstaatlicher Rechtsvorschriften die
Kosten für die Übersetzung des Prospekts vor Prozessbeginn zu tragen haben. Die Emittentin, die
diese Zusammenfassung einschließlich jede Übersetzung davon vorgelegt und deren Notifizierung
beantragt hat, kann haftbar gemacht werden, jedoch nur für den Fall, dass die Zusammenfassung
irreführend, unrichtig oder widersprüchlich ist, wenn sie zusammen mit anderen Teilen des Prospekts
gelesen wird.

Zusammenfassung in Bezug auf die Schuldverschreibungen

Worte und Begriffe, die in den an anderer Stelle in dem Prospekt wiedergegebenen
Anleihebedingungen definiert sind, haben in der Zusammenfassung dieselbe Bedeutung.

Emittentin:
Fraport AG Frankfurt Airport Services Worldwide

Joint Lead Managers:
Deutsche Bank AG, London Branch

DZ BANK AG Deutsche Zentral-Genossenschaftsbank,

Frankfurt am Main

Commerzbank Aktiengesellschaft

Landesbank Baden-Württemberg

Hauptzahlstelle:
Deutsche Bank Aktiengesellschaft

Luxemburger Listing-
Deutsche Bank Luxembourg S.A.
und Zahlstelle:

Bestimmung des Nennbetrags
und des Ausgabepreises u.a.:
Der endgültige Ausgabepreis und Nennbetrag, der Zinsatz,
die Kommissionen, die Rendite und die Kosten der Emission
werden in der Pricing Notice enthalten sein (definiert unten in
"SUBSCRIPTION, SALE AND OFFER OF THE NOTES"), die
auf der Internetseite der Luxemburger Wertpapierbörse
(www.bourse.lu) am oder vor dem Tag der Begebung der
Schuldverschreibungen veröffentlicht wird.

Nennbetrag:

Ausgabepreis:
%

Tag der Begebung:
10. September 2009
Vorbehaltlich der Marktbedingungen kann der Tag der
Begebung bis zu zwei Wochen verschoben werden.
Potentielle
Investoren
werden
von
einer
solchen
Verschiebung wie im Abschnitt "Subscription, Sale and Offer
of the Notes" beschrieben informiert.

Stückelung:
Die Schuldverschreibungen werden im Nennbetrag von je
1.000 begeben.