Aegean Airlines (the Company) informs the public that the company's Extraordinary General Shareholder Meeting on March 14th 2014 has decided among others:

a) The increase of share capital by the amount of 71,417,100 Euros, with capitalization of part of “difference from share premium" and by increasing the nominal value of each share of the Company by 1.00 Euro (from 0.65 Euro to 1.65 Euro) and subsequently

b) The reduction of share capital by the amount of 71,417,100 Euros, by reducing the nominal value of each share of the Company by 1.00 Euro (from 1.65 Euro to 0.65 Euro) and return - payment of the relevant amount to the Company's shareholders.

Following the above, the Company's share capital amounts to forty-six million four hundred twenty-one thousand one hundred fifteen (46,421,115) Euros, divided into seventy-one million four hundred seventeen thousand and one hundred (71,417,100) shares with a nominal value of sixty five cents (0.65) each.

Ministry of development approved the relevant change in the company's articles of association under the K2-1278/27-03-2014 decision.

The Stock Markets Steering Committee of Hellenic Exchanges - Athens Stock Exchange, during its session on May 16th, was also informed of the increase and decrease - equal in amount - in the par value of the shares of the company and the capital return of € 1.00 per share to shareholders through a cash payment.

The trading of shares under their final par value of € 0.65 per share, as well as, the ex-rights date for the receipt of the capital return is set on June 27th, 2014.

As of the same day, the opening price of the shares shall be adjusted according to the Regulation and the Decision No. 26 of the Board of Directors of the Athens Stock Exchange, as currently in force.

Beneficiaries of the capital return are the shareholders registered in the records of the Dematerialised Securities System on July 1st , 2014, date of determination of beneficiaries (record date).

Payment will begin on the July 7th 2014 through Alpha Bank as follows.

1. Through the operators of the Greek Dematerialized Securities System, given that shareholders have given them the right to collect on their behalf.

2. Through payment to their Alpha Bank account, if shareholders have declared Alpha Bank as their DSS operator.

3. Through Alpha bank network for shareholders who have not authorized their operators to collect on their behalf, or for shareholders whose shares are kept in the Athens Exchange special accounts. For payment through the Bank branches shareholders need to present their identification card, and a printout of their DSS formal details (Codified Number of Investor Account in the Central Depository System). Payment to a third person is possible only if the person collecting, presents in addition to the above, the beneficiary's full details, a letter of proxy signed and with an authenticity certification by police or other relevant authority.

 For more information shareholders may contact Investor Relations department (Dpt tel: +30 210 6261660, company's call center: +30 210 6261700)