20.06.2006 – 19:53

euro adhoc: SkyEurope Holding
Restructuring & Recapitalisations
Capital increase authorized by general meeting of SkyEurope

  Disclosure announcement transmitted by euro adhoc.
  The issuer is responsible for the content of this announcement.

20.06.2006

The increase of share capital with the issue of up to 20,000,000 new
shares was resolved at the extraordinary shareholders meeting of
SkyEurope Holding AG on 20 June 2006 in Vienna. SkyEurope Holding AG
is listed on the stock exchanges in Vienna and Warsaw. After complete
implementation of this capital increase, share capital will increase
up to EUR 40,000,000 from currently EUR 20,000,000.

The general meeting further resolved the increase of the authorized
capital to EUR 10,000,000 and the purchase of D & O insurance for the
Supervisory Board. Insurance coverage will also apply to members of
the Management Board and executive staff of the company.

end of announcement                               euro adhoc 20.06.2006 19:18:29

Further inquiry note:

SkyEurope Holding AG
Mag. Erhard Schmidt, CFO
Tel.:+421 2 4850 1180
mailto:investor.relations@skyeurope.com
http://www.skyeurope.com

Branche: Air Transport
ISIN: AT0000497003
WKN: A0F5WU
Index: WBI
Börsen: Wiener Börse AG / official market

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euro adhoc: SkyEurope Holding / Strategic management decisions / SkyEurope opens new base in Prague and reinforces its leadership in Central Europe Two brand new Boeing 737-700 aircraft to be based at RuzynEUR Airport. Initially 7 routes to be opened

euro adhoc: SkyEurope Holding
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euro adhoc: SkyEurope Holding / other / Change in shareholder structure of SkyEurope Holding AG Endavour Holdings Ltd. sold its shares All shares sold by Endavour Holdings Ltd. purchased by institutional investors