Aéroports de Paris : Aéroports de Paris : 2012 Full Year results

       Aéroports de Paris : Aéroports de Paris : 2012 Full Year results

                                                       Paris, 28 February 2013

                              Aéroports de Paris

           2012 Results: Operating Income from Ordinary Activities
                                  up by 6.2%

Record year in terms of traffic with 88.8 million of passengers (+0.8%)

2012 results up thanks to the strength of the business model:

  oRevenue up by 5.6% to €2,640 million
  oEBITDA up by 4.6% to €1,107 million
  oOperating income from ordinary activities up by 6.2% to €645 million
  oNet result attributable to the Group slightly down by 1.9% to €341 million
    due to non-recurring events

Strong performance of retail and TAV Airports:

  oSales per passenger of shops in restricted areas up 11.3% to €16.8
  oFavourable impact of TAV Airports consolidation on operating income from
    ordinary activities

2012, a key period in the development of Aéroports de Paris

  oReconfiguration of Paris-Charles de Gaulle hub mainly thanks to the
    opening of Satellite 4 (hall M)
  oMajor strategic investment with the acquisition of 38% of TAV Airports

Proposal to increase the payout ratio at 60% of the net result attributable to
the Group (against 50% in 2012): dividend of €2.07 per share in 2013

2013 forecasts: assuming that traffic remains stable, consolidated revenue and
EBITDA are expected to grow slightly

Augustin de Romanet, Chairman and CEO of Aéroports de Paris, said:

"2012 was a key period  in the development of  Aéroports de Paris. By  opening 
new pieces of infrastructure we were  able to reorganize the Paris-Charles  de 
Gaulle hub; it now meets the highest standards in terms of quality of  service 
and does  not  require  additional  capacity until  2023  or  even  2024.  The 
acquisition of  38%  of  TAV  Airports was  an  illustration  of  the  Group's 
determination to find long  term growth drivers  in rapidly expanding  markets 
in.

As evidenced by 2012 results and  the strong increase in operating income  for 
ordinary activities, the Aéroports  de Paris business  model, which relies  on 
aeronautical activities supported  by an  incentivizing regulatory  framework, 
diversification activities  (retail  and  real  estate)  and  rapidly  growing 
airport investments, is strong. It allows the  Group to continue to grow at  a 
time when traffic growth has slowed.

Despite an  economic  environment that  remains  uncertain and  assuming  that 
traffic remains stable, consolidated revenue  and EBITDA are expected to  grow 
slightly in 2013"

Highlights of the period

Developments in traffic

  oGroup traffic:

                              Traffic  2012 / Participation^[1] ADP
                              (M pax)   2011
    Paris (CDG + Orly)          88.8    +0.8%          100%
    Mexican regional airports   12.6    +7.0%        25.5%^[2]
ADP Jeddah - Hajj               8.4     +0.8%           5%
    Amman                       6.3    +14.3%          9.5%
    Mauritius                   2.7     +0.9%           10%
    Istanbul Atatürk            45.0   +20.3%           38%
TAV Ankara Esenboga             9.2     +8.9%           38%
    Izmir                       9.4    ns^[3]           38%
    Other airports ^[4]         10.2   +29.8%
Group Total                   192.5       +7.8%
Management contracts^[5]      10.1   +15.0%                   
                                                       

  oOn Parisian airports:

During 2012, traffic rose 0.8% compared to 2011 to 88.8million passengers. It
increased 1.1% at Paris-Charles de  Gaulle (61.6 million passengers) and  0.3% 
at Paris-Orly (27.2million  passengers). Traffic  for the first  half of  the 
year rose 2.0% but was almost stable  (-0.2%) for the second half of the  year 
compared to the same periods in 2011.

International traffic excluding Europe (39.2% of total traffic) rose 1.7% over
the period. With the exception of North America, which fell slightly  (-1.2%), 
traffic on all routes increased: Asia-Pacific +5.1%, Middle East +2.7%, Africa
+2.1%, Latin  America +1.9%  and French  Overseas Departments  +1.2%.  Traffic 
including Europe but excluding France  (42.4% of total traffic) rose  slightly 
(1.1%). Traffic including Metropolitan France (18.4% of the total) fell 1.7%.

The number of connecting passengers grew 2.2%, which increased the  connecting 
rate to 24.1%, compared to 23.7% over 2011.

The number of aeroplane  movements fell 1.8% to  721,904. At Paris-Le  Bourget 
Airport, movements decreased by 5.1% to 55,993.

Low-cost carrier traffic (13.7% of total traffic) increased 1.9%.

Freight and postal activity is down 6.2% to 2,257,322 tonnes transported.

Appointment of Mr Augustin de Romanet as Chairman and Chief Executive Officer

Mr Augustin de Romanet was appointed by a decree of the President of France as
Chairman and Chief Executive Officer of Aéroports de Paris on 29November 2012
to replace Mr Pierre Graff.

International airport investments

In May 2012, Aéroports de Paris  indirectly purchased from Akfen Holding  A.s. 
("Akfen Holding"),  Tepe insaat  Sanayi  A.s. ("Tepe  insaat") and  Sera  Yapi 
Endüstrisi  ve  Ticaret  A.s.  ("Sera  Yapi")   38%  of  the  shares  of   TAV 
Havalimanlari Holding A.s. ("TAV  Airports") for €668million  and 49% of  the 
shares of TAV Yatirim Holding A.s. ("TAV Investment", owner of the  non-public 
company TAV Construction) for €38 million.

TAV Airports, a leading Turkish airport operator, operates twelve airports  in 
six countries, including Istanbul's Atatürk Airport, which received 45 million
passengers in 2012. In 2012, total revenue for TAV Airports was €1,099 million
(€881 million in  2011), EBITDA €332  million (€257 million  in 2011) and  net 
results €124 million (€53 million in 2011).

Aéroports de Paris and TAV Airports directly or indirectly operate 37 airports
and handle around 200 million passengers. This partnership constitutes one  of 
the biggest airport alliances in the world.

Infrastructures openings

  oLiaison A-C : 27 March 2012

Located on Paris-Charles de Gaulle  airport, this new building allows  pooling 
security and police checkpoints of 2A and 2C terminals and has 2,300 sq.m.  of 
retail space.

  oSatellite 4: 28 June 2012

With a  capacity  of 7.8  million  passengers,  this new  boarding  lounge  in 
terminal 2E located at Paris-Charles de  Gaulle airport offers 6,000 sq.m.  of 
retail space, 3,200 sq.m. of airline lounges and 16 wide-body aircraft contact
stands and has a total surface of 120,000sq.m.

Agreements

  oAgreement respecting the East baggage handling system (Trieur-Bagage Est,
    or TBE)

In October  2012, an  agreement was  reached between  Aéroports de  Paris  and 
Cegelec to  bring  an end  to  the dispute  over  the TBE  system  located  at 
Paris-Charles de Gaulle Airport. The positive  impact on Group EBITDA in  2012 
is €19 million.

  oAgreement respecting Alyzia Holding (ground-handling business)

In December 2012, an agreement was entered into between Aéroports de Paris and
G3S to bring an end to their differences over the terms and conditions of  the 
Alyzia Holding transfer agreement.

Pricing

  oFee tariffs

As at  1  April 2012,  fee  tariffs  increased by  an  average of  3.4%  on  a 
like-for-like basis.

  oAirport security tax

On 1 April  2012, the tariff  of Airport security  tax remained unchanged  for 
departing passengers at €11.5 and €1.0 per ton of freight or mail.  Connecting 
passengers now benefit from a 10% discount and the Airport Security Tax stands
at €10.35.

Funding

In March 2012, Aéroports de Paris redeemed  a matured bond of €334 million  of 
nominal value.

In June 2012,  Aéroports de Paris  issued a  bond divided into  two parts  and 
totalling €800million. The first one amounts to €300 million, bears  interest 
at 2.375% and has a maturity date on  11 June 2019. The second one amounts  to 
€500 million, bears interests  at 3.125% and  has a maturity  date on 11  June 
2024.

Subsidiaries

  oIntegration of fashion and accessories activities into Société de
    Distribution Aéroportuaire

As of January 2012,  Société de Distribution  Aéroportuaire, company owned  at 
50% by Aéroports  de Paris  and at  50% by  Aelia, a  subsidiary of  Lagardère 
Services, integrated all  the Fashion and  Accessories activities operated  so 
far by Aelia, via a subsidiary.

  oAcquisition of Nomadvance

In August 2012,  Hub Telecom purchased  Nomadvance, the French  leader in  the 
field of  mobility solutions  and traceability  for professionals.  Nomadvance 
carries out traceability projects  for goods and  materials and also  mobility 
projects for nomad categories of staff.

Dividend voted by the annual general meeting of shareholders

The annual general meeting of shareholders held on 3 May 2012 voted a dividend
payment of €1.76per share paid on 18 May 2012. This dividend corresponds to a
payout ratio of 50%  of the 2011 consolidated  net result attributable to  the 
Group, consistent with  the dividend  distribution objective  of Aéroports  de 
Paris.

New presentation of the financial statements

Pro forma financial statements for 2011 have been prepared following the
creation of the new "Airport Investments" segment^[6]. This segment includes,
in addition to the share of profit from TAV Airports (only from 2012), the
profit from ADPM and the share of profit from Schiphol previously recorded in
the segment "Other activities". Shares of profit from TAV Airports and
Schiphol Group are recorded in profit/loss of associates from operating
activities. The impact on the 2011 P&L is as follows:

  oImpact on the P&L of the segment "Airport Investments"

In millions of €                     2011      2011        
                                   published pro forma
Revenue                                    -        12 +12 ADPM
EBITDA                                     -         2  +2 EBITDA ADPM
Associates from operating                  -        13 +13 Share in net Result
activities                                                 Schiphol Group
Operating Income from Ordinary             -        14 +14 
Activities

  oImpact on the P&L of the segment "Other Activities"

In millions of €                   2011      2011       
                                 published pro forma
Revenue                                255       244 -11 Revenue ADPM : (€12M)
                                                         Intra-group: (+1)
EBITDA                                  22        20  -2 EBITDA ADPM
Associates from operating               13         - -13 Share in Net Result
activities                                               Schiphol Group
Operating Income from Ordinary          20         5 -14 
Activities

  

2012 results: operating income from ordinary activities up by 6.2%

In millions of €                              2012  2011  2012 / 2011
Revenue                                       2,640 2,502       +5.6%
EBITDA                                        1,017   972       +4.6%
Operating Income from Ordinary Activities^[7]   645   607       +6.2%
Operating Income                                642   652       -1.4%
Net finance income (expenses)                 (118)  (98)      +19.8%
Net Result                                      341   348       -1.9%

Aéroports de Paris  revenue was up  5.6% to €2,640  million. This increase  is 
mainly due to the good performance of its core business and in particular:

  othe positive change in income generated by aeronautical activities (+5.1%
    to €1,581 million), primarily driven by increases in fees on 1 April 2011
    (+ 1.49%) and 1 April 2012 (+3.4%) and growth in passenger traffic (+0.8%
    to 88.8 million passengers);
  othe sharp rise in income from retail and services (+7.3% to €902 million)
    due to the good performance of commercial activities (+12.6%), which
    benefit from an increase in revenue per passenger of 11.3% to €16.80;
  oand continued growth in real estate (+4.6% to €253 million).

The amount of intersegment eliminations amounted  to €355 million in 2012,  up 
3.9%.

During 2012,  the  Aéroports de  Paris  Group EBITDA  was  up 4.6%  to  €1,017 
million, reflecting  an  increase  in  operating  expenses  (+6.9%  to  €1,709 
million) which was slightly higher than  revenues (+5.6%). Over the year,  the 
gross margin decreased 0.4% to 38.5%.

Capitalised production, which  corresponds to the  capitalisation of  internal 
engineering services performed on investment  projects, increased by 18.4%  to 
€62 million  and was  mainly due  to the  continued implementation  of  single 
security control (Inspection Filtrage Unique) at Paris-Charles de Gaulle.

Raw materials and consumables used increased by 24.0% to €115 million due to a
scope of  business  effect following  the  acquisition of  Nomadvance  by  Hub 
télécom and the increase in energy prices.

Expenses related to external services increased by 5.7% to €672 million mainly
as a result of  cost increases for security  services following the strike  of 
December 2011 (which  was offset  by the tax  mechanism of  the airport  tax), 
transport and cleaning services following the  opening of Satellite 4 and  the 
fight against snowfalls as part of  the Group's policy to improve the  quality 
of service.

Group employee benefits costs increased by 4.7% and amounted to €709 million.

The amount of  taxes is up  8.0% to €190  million due to  the increase in  the 
territorial financial contribution and property taxes.

Other operating  expenses were  up 33.9%  to €23  million, mainly  due to  the 
reduction in losses on receivables.

Other income and expenses represent a profit of €24 million in 2012, up  34.2% 
mainly due to the  positive impact of penalties  collected under the  protocol 
for the  East baggage  handling  system (see  "Significant events  during  the 
financial year").

Operating income from  ordinary activities benefited  from the EBITDA  dynamic 
and strong  growth in  the  share of  income  from associates  from  operating 
activities (+108.8% to  €38 million),  which were favourably  impacted by  the 
recognition of its share  in the income in  TAV Airports and TAV  Construction 
(€16 million). It increased by 6.2% to €645million.

Operating income was  down slightly  (-1.4% to  €642 million),  and the  sharp 
increase in operating income was offset by an unfavourable base effect,  since 
2011 benefited  from  the recognition  of  non-recurring items  totalling  €44 
million  that  included  the  settlement  compensation  for  the  claim   from 
Paris-Charles de  Gaulle  Terminal 2E  and  the profit  made  on the  sale  of 
Masternaut Group.

The net finance cost increased by 19.8% to €118 million due to the acquisition
costs related  to  the  purchase  of  the  shares  in  TAV  Airports  and  TAV 
Construction and the  anticipated funding of  2013 terms in  a context of  low 
interest rates.

The net debt/equity  ratio stood  at 80%  at 31  December 2012  versus 61%  at 
end-2011. The Group's  net debt totalled  €3,003 million at  31 December  2012 
versus €2,206 million at 31 December 2011.

Following the agreement concluded in  December between Aéroports de Paris  and 
G3S to end to their disputes concerning the terms and conditions of the Alyzia
Holding sale agreement, net income from discontinued activities had a negative
balance of €5  million in 2012  versus a  negative balance of  €13 million  in 
2011.

Income taxes decreased 7.6% to €178 million.

Taking into  account these  elements,  Net income  attributable to  the  Group 
amounted to €341 million, down 1.9%.

Aviation: increase in tariffs and traffic offset by higher operating costs

In millions of €                          2012  2011  2012 / 2011
Revenue                                   1,581 1,505       +5.1%
Airport fees                                867   835       +3.8%
Ancillary fees                              178   169       +4.9%
Airport security tax                        493   458       +7.5%
Other revenue                               44    42       +5.1%
EBITDA                                      343   359       -4.4%
Operating Income from Ordinary Activities    83   125      -33.3%

Revenue from the segment was up by 5.1 % to €1,581 million during 2012.

Revenue from airport fees (passenger fee,  landing fee and parking fee) is  up 
3.8% to €867 million and benefited from the combined increase in fees  (+1.49% 
at 1 April 2011 and +3.4% at  1 April 2012) and traffic (+0.8%),  particularly 
international  (+1.7%).   These  effects   were   partially  offset   by   the 
implementation, on 1 April 2011, of the incentive mechanism to bolster traffic
and the decrease in ATMs (-1.8%).

Revenue from ancillary fees increased by  4.9% to €178 million, mainly due  to 
the increase in revenue from the  de-icing fee and the implementation, in  the 
fourth  quarter  of  2011,  of  a  snow-removal-equipment  rental  system   to 
specialised service providers operating at Paris-Charles de Gaulle Airport.

The airport security tax,  which mainly finances security-related  activities, 
has been €11.50  per departing passenger  since 1 January  2011. The  proceeds 
from this tax amounted to €493 million, up 7.5%.

Other  revenue  consisted,  in  particular,  of  reinvoicing  the  French  Air 
Navigation Services Division and leases associated with the use of  terminals. 
It amounted to €44 million, which represents a drop of 5.1%.

Due to an increase in operating expenses, driven primarily by external charges
that have been increasing more rapidly (+9.3% to €1,294 million) than  revenue 
(+5.1% to €1,581 million), EBITDA decreased by 4.4% to €343 million. The gross
margin rate reached 21.7 %, down by 2.2 points.

Depreciation  and  amortisation  increased  by  11.0%  to  €260  million.  The 
operating income from ordinary activities was down by 33.3% to €83 million.

Retail and services: shops in restricted areas are still driving growth

In millions of €                                        2012 2011 2012 / 2011
Revenue                                                  902  841       +7.3%
Commercial activities                                    355  315      +12.6%
Car parks and access roads                               159  158       +0.8%
Industrial services                                       68   60      +14.4%
Rental revenue                                           104   97       +7.1%
Other revenue                                            217  212       +2.2%
EBITDA                                                   503  463       +8.5%
Profit and Loss of associates from operating activities    7    6       +9.2%
Operating Income from Ordinary Activities                412  375       +9.8%

During 2012, revenue from the marketing and service segment increased by  7.3% 
to €902 million.

Revenue from commercial  activities (rents from  shops, bars and  restaurants, 
advertising,  banking  and  foreign  exchange  activities  and  car   rentals) 
increased by 12.6% to €355million. Within this total amount, rents from shops
in restricted areas came to €253million, up 13.5%, due to the sharp  increase 
in revenue per passenger^[8] (+11.3%  to €16.80). This performance was  mainly 
attributable to the very good results of duty free shops over all terminals at
Paris-Charles de Gaulle  airport, whom sales  per passenger sharply  increased 
(12.2 % to 31.0€) driven by  the strong traffic growth of highly  contributive 
destinations such  as China  (14.4 %)  or Russia  (12.5 %)  and the  continued 
healthy performance of Fashion & Accessories and gastronomy activities.

Revenue from car parks rose slightly, by 0.8% to €159 million.

Revenue from  the  provision of  industrial  services (electricity  and  water 
supply) increased by 14.4% to  €68 million due to  higher energy prices and  a 
favourable base effect as 2011 had  been impacted by the temporary  disruption 
of a turbine at the Paris-Charles de Gaulle cogeneration plant.

Rental revenue (leasing of space within  terminals) increased by 7.1% to  €104 
million and benefitted from new airline counter rentals following the  opening 
of Satellite 4.

Other revenue essentially consisted of internal services and increased by 2.2%
to €217million.

By keeping operating expenses under control, EBITDA for the segment  increased 
by 8.5% to €503 million. The gross margin rate was up 0.7 point to 55.7 %.

The  operating  income   from  ordinary  activities   increased  by  9.8%   to 
€412million driven by  a moderate increase  in amortisation and  depreciation 
(+3.3% to  €97million) and  the strong  growth in  associates from  operating 
activities (+9.2% to €7 million).

Real estate: positive impact of new  leases, increase in rents and  favourable 
change in provisions

In millions of €                                2012 2011 2012 / 2011
Revenue                                          253  241       +4.6%
External revenue (generated with third parties)  201  190       +5.7%
Internal revenue                                  51   51       +0.4%
EBITDA                                           149  129      +15.6%
Operating Income from Ordinary Activities        110   88      +24.9%

During 2012, segment revenue was up 4.6% to €253 million.

External revenue amounted to €201 million,  up 5.7%, thanks to rents from  new 
occupations and  the  positive impact  of  indexing  revenue to  the  cost  of 
construction on 1 January 2012 (+5.0%). Internal revenue was virtually  stable 
at €51 million.

Thanks to effective control over operating expenses and to a favourable change
in allowances and  provision, EBITDA was  up significantly, by  15.6% to  €149 
million. The gross margin rate stood at 58.9%, up 5.6 points.

Amortisation and  depreciation were  down by  3.8% to  €39 million.  Operating 
income from ordinary activities was up by 24.9% to €110 million.

Airport investment: TAV results better than expected

In millions of €                                    2012   2011    2012 / 2011
                                                         pro forma
Revenue                                              14     12         +8.3%
EBITDA                                               1       2        -23.2%
Profit and Loss of associates from operating        28     13       +121.0%
activities
Operating Income from Ordinary Activities            29     14       +105.1%

Income from airport investment  (100% composed of  ADPM revenue) increased  by 
8.3 % to €14 million.

Operating income from ordinary activities was up by 105.1% as a result of  the 
recognition of the share of profit  from TAV Airports (€13 million). In  2012, 
the adjusted EBITDA  of TAV Airports  grew by  29.1% to €332  million and  net 
result was multiplied by 2.3 to €124 million.

Other activities:  ADPI activity  down, consolidation  of Nomadvance  and  TAV 
Construction

In millions of €                                    2012   2011    2012 / 2011
                                                         pro forma
Revenue                                              246       243       +1.1%
EBITDA                                                21        20       +5.7%
Profit  and  Loss  of  associates  from   operating    4         0          ns
activities
Operating Income from Ordinary Activities             11         5     +105.2%

Revenue from the other  activities segment was up  1.1% to €246 million,  with 
the growth of Hub Telecom (+7.5% to €112 million) and Alyzia Sûreté (+9.8 % to
€65 million) being  offset by  lower ADPI  activity (-13.1%  to €65  million). 
Operating income from ordinary activities totalled €11 million in 2012  versus 
€5 million in  2011 due to  the recognition of  the share of  profit from  TAV 
Construction (+€4 million).

Hub Telecom  saw its  revenue increase  by 7.5%  to €112  million due  to  the 
acquisition of Nomadvance and despite the sale of Masternaut Group on 15 April
2011. EBITDA  totalled €19  million, up  5.7% and  the gross  margin  declined 
slightly by 0.3 points to 17.1%. The operating income from ordinary activities
was up 43.8% to €6million.

Alyzia Sûreté revenue was  up 9.8% to  €65 million as a  result of the  rising 
cost of security services. EBITDA increased by 104.5% to €3 million.

ADPI saw its  business shrink  in 2012,  mainly due  to the  end of  important 
contracts. Its revenue stood at €65million, which is a decrease of 13.1%. The
substantial reduction  in revenue  was  accompanied by  a large  reduction  in 
operating expenses (-18.9%). EBITDA remained  steady vis-à-vis a profit of  €1 
million  in  2011.Operating  income  from  ordinary  activities  totalled  -€1 
million. At the end of December, the backlog (2013-2015) stood at €65 million.

Outlook

2013 Forecasts

Assuming that traffic remains  stable in 2013  compared to 2012,  consolidated 
revenue and EBITDA are expected to grow slightly in 2013 compared to 2012.

2015 Outlook^[9]

2015 EBITDA is expected to increase by 25% to 35% compared to 2009,

The cost-savings programme in place since  the beginning of 2013 should  limit 
the growth in operating costs of the  parent company by 3.0% maximum per  year 
on average between 2012 and 2015.

Events after 31 December 2012

Launch of third  Airport tender  and compensation of  loss of  profit for  TAV 
Airports if opened before the end of the Istanbul Atatürk Airport concession

The Turkish government officially launch  the tender for the construction  and 
management of  the third  airport in  Istanbul. This  airport should  have  an 
initial capacity of 70 million passengers per year and 150 million at the end.
The project will be a BOT "build-operate-transfer" and concession will last 25
years. Consultation documents related  to this tender  have been released  the 
28^th of January and offers have to be sent the 3 May 2013.

TAV Airports Holding and  TAV Istanbul (100% owned  by TAV Airports  Holding), 
which holds the lease  on the Istanbul Atatürk  Airport until 2 January  2021, 
were officially informed by the Turkish Civil Aviation Authority (Devlet  Hava 
Meydanlari iSletmesi or DHMI)  that TAV Istanbul will  be compensated for  its 
loss of profit that may  be incurred between the date  of opening of this  new 
airport and the ending date of the current lease.

January traffic figures

In January  2013,  Aéroports de  Paris  passenger traffic  decreased  by  3.0% 
compared to  January 2012,  with a  total of  6.2 million  passengers  handled 
including 4.3 million at  Paris-Charles de Gaulle (-3.0%)  and 1.9 million  at 
Paris-Orly (-3.2%). Traffic was  affected by heavy  snowfalls over France  and 
Northern Europe  between  18 and  20  January.  Without these  three  days  of 
snowfalls, passenger volumes would have decreased by 2.3% in January.

Pricing proposals

As at 1  April 2013,  fee tariffs will  increase by  an average of  3.0% on  a 
like-for-like basis.

Airport security tax

On 1 April 2013, the Airport security tax rate will remain unchanged at €11.50
per departing  passenger  and €1.00  per  ton  of freight  or  mail.  However, 
connecting passengers will enjoy a 40% discount (versus 10% previously),  with 
the Airport security tax standing at €6.90 per departing connecting passenger.

Dividend distribution policy

At its meeting of 27February 2013, the Board of Directors decided to  propose 
at the next  Annual General Meeting,  to be  held on 16May  2013, a  dividend 
distribution of €2.07 per  share for the 2012  financial year. Subject to  the 
vote of the Annual  General Meeting, the payment  would occur on 30May  2013. 
This dividend corresponds  to a payout  ratio of  60% of the  2012 net  income 
attributable to the Group, against a ratio of 50% previously.

Agenda

§ Thursday 28 February 2013: analyst meeting at 10:30am Paris time. Broadcast
and                 presentation                 available                  at 
http://www.aeroportsdeparis.fr/ADP/en-GB/Group/Finance/

§ Tuesday 14 May 2013: first quarter revenue

§ Thursday 16 May 2013: general meeting of shareholders

Investor Relations

Vincent Bouchery: + 33 1 43 35 70 58 - invest@adp.fr

Press

Christine d'Argentré: + 33 1 43 35 70 70

Website: www.aeroportsdeparis.fr





















The financial  information  presented within  this  press release  comes  from 
Aéroports de Paris' consolidated  financial statements. Audit procedures  have 
been carried  out  and the  audit  report  relating to  the  certification  of 
Aéroports de Paris consolidated financial statements at 31 December 2012 is in
the process of being issued.

Consolidated financial statements at 31  December 2012 and the related  report 
are available on  the Group website  (www.aéroportsdeparis.fr) in the  section 
"Group / Finance / Publications".

Forward looking statements

This press release does not constitute an offer of, or an invitation by or  on 
behalf of Aéroports  de Paris  to subscribe or  purchase financial  securities 
within the United States or in any other country. Forward-looking  disclosures 
are included  in this  press release.  These forward-looking  disclosures  are 
based on data,  assumptions and  estimates deemed reasonable  by Aéroports  de 
Paris. They  include  in  particular information  relating  to  the  financial 
situation, results and activity of Aéroports de Paris. These data, assumptions
and estimates  are  subject to  risks  (such  as those  described  within  the 
reference document  filed with  the French  financial markets  authority on  6 
April 2012 under number D. 12-0297)  and uncertainties, many of which are  out 
of the control of Aéroports de Paris and cannot be easily predicted. They  may 
lead to  results that  are  substantially different  from those  forecasts  or 
suggested within these disclosures

                           www.aeroportsdeparis.fr

Press contact: Christine d'Argentré  +33 1 43 35  70 70 - Investor  Relations: 
Vincent Bouchery +33 1 43 35 70 58 - invest@adp.fr

Aéroports  de   Paris  builds,   develops  and   manages  airports   including 
Paris-Charles de Gaulle, Paris-Orly and  Paris-Le Bourget. In 2012,  Aéroports 
de Paris handled almost 89 million passengers and 2.3 million tons of  freight 
and mail in Paris and 40 million passengers in airports abroad.
With an exceptional geographic location and a major catchment area, the  Group 
is pursuing its strategy of  adapting and modernizing its terminal  facilities 
and upgrading quality of services, and also intends to develop its retail  and 
real estate business. In 2012, the  group revenue stood at €2,640 million  and 
the net income at €341 million.

Registered office:  291, boulevard  Raspail, 75014  Paris, France.  A  limited 
company (Société Anonyme) with share capital of €296,881,806. 552 016 628  RCS 
Paris

.

                                   Appendix

                        Consolidated Income Statement

                 Consolidated Statement of financial position

                     Consolidated Statement of Cash flows

-------------------------

[1] Direct or indirect

[2] From SETA, which holds 16.7% of GACN, which controls 13 airports in Mexico

[3]TAV Airports operates domestic traffic since January 2012. On a
like-for-like basis traffic is up 9,8%

[4] Saudi Arabia (since July 2012), Tunisia, Georgia and Macedonia

[5] Algiers, Phnom Penh, Siem Reap and Conakry

[6]See press release for 2012 interim results at www.aeroportsdeparis.fr

[7]Operating Income from Ordinary Activities: Operating income before the
impact of certain non-current income and charges.

[8]Sales of shops in restricted area divided by the number of departing
passengers

[9] For more information see press release from 20 December 2012 titled "2012
and 2015 targets" on the www.aeroportsdeparis.fr website

Aéroports de Paris : 2012 Full Year results

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Source: Aéroports de Paris via Thomson Reuters ONE
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