Aegean Airlines (the Company) announces, pursuant to 4.1.3.4 of Athens Exchange Rulebook, that the Ordinary General Shareholders Meeting convened on May 11, 2016 approved the distribution of dividend for Fiscal Year 2015 of the amount of 0.70 euro per share (seventy cents). Dividend is subject to 15% tax withholding in accordance with Law 4172/2013 as revised and therefore the net final amount payable shall be 0.595 euro per share.

As of May 13, 2016 the Company's shares will trade ex-dividend in the Athens Exchange.

Beneficiaries of the dividend are shareholders registered in the Company's records in the Dematerialized Securities System on May 16, 2016 (record date).

The company will use funds transferred from abroad for the payment of dividend.

Payment will commence on May 19, 2016 by Eurobank Egasias, 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 Eurobank Ergasias network for shareholders who have not authorized their operators to collect on their behalf; or have revoked the authorization granted to their operators; or in the cases that payment through the operators could not take place for any reason; or for shareholders whose shares are kept in the Athens Exchange Special Account. In order to collect their dividend through the Bank's branches shareholders need to present their identification card. Payment to a third person is possible only if the person collecting, presents a letter of proxy signed and with an authenticity certification by police or other relevant authority, including both the collector's as well as the beneficiary's full details.

It is noted that given the imposition of capital controls with presidential decree of 18.07.2015 (Government Gazette 84 / 18-7-2015), as revised and in force, the payment of dividend to beneficiaries from the bank will take place either through crediting the beneficiary's bank account or through the issue and delivery to the beneficiary of bank cheque, under the terms and conditions provisioned in the aforementioned decree.

Dividends for Fiscal year 2015 that will not be collected by December 31, 2021 will be written off in favor of the Greek State.

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