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Copenhagen Airports A/S to Implement Share Buy-Back Programme


KASTRUP, Denmark, Nov. 2 /PRNewswire/ -- The Company will begin to implement the share buy-back programme described in the interim report for the nine months to 30 September 2004 effective today.


      The following guidelines will apply to the share buy-back:
       1. The Company may acquire up to 10% of its share capital, equal to
        833,000 shares, provided the market value of the total share buy-back
        programme does not exceed DKK 800 million.
       2. The Company expects to buy back shares during the period until the
        next annual general meeting, which is scheduled to be held on 21 April
        2005, excluding the windows during which a share buy-back would
        contravene applicable rules and legislation, including the three weeks
        preceding publication of the Company's quarterly reports.
       3. The Company intends to buy back shares under the programme at prices
        which are within the price range of the Company's shares quoted on the
        Copenhagen Stock Exchange at the time of acquisition.

Copenhagen Airports A/S has appointed Danske Markets, a division of Danske Bank A/S, as lead manager for the share buy-back programme. During the term of its appointment, Danske Markets will, independently from and without any control by the Company, be in charge of the buy-back within the agreed guidelines. Copenhagen Airports A/S

For further information please contact Vice President and Head of Investor Relations Flemming Petersen on telephone +45 32 31 22 12 or email f.petersen@cph.dk

SOURCE Kobenhavns Lufthavne A/S


    -0-                             11/02/2004
    /CONTACT:  Flemming Petersen, +45-32-31-22-12, f.petersen@cph.dk /

/Web Site: http://www.cph.dk /

CO: Kobenhavns Lufthavne A/S ST: Denmark IN: AIR SU: PER -0- Nov/02/2004 12:11 GMT

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