Based on the authorization resolution of the Annual General Meeting on 5 May 2020, the Executive Board, with the consent of the Supervisory Board, has decided to issue convertible bonds in the total nominal amount of EUR 600m with an interest coupon of 2.0% and a regular term until 17 November 2025. The convertible bonds can, subject to an adjustment of the conversion price in accordance with the bond terms, be converted at a conversion price of EUR 12.96 per share into newly issued or existing shares of the Company. The subscription right of the shareholders to the convertible bond was excluded.

Cologne, November 2020

Deutsche Lufthansa Aktiengesellschaft
– The Executive Board –