Cancellation of Treasury Shares

Cancellation of Treasury Shares

In accordance with Listing Rule 12.6.4 and DTR 5.6.1.International Consolidated Airlines Group S.A. (the "Company" or "IAG") confirms the cancellation today, 18 December 2017, of 74,999,449 treasury shares following the completion of the Buy-back Programme launched on 6 March 2017 and pursuant to the capital reduction resolution adopted by the Annual Shareholders' Meeting held on 15 June 2017.

Following the cancellation the Company holds 9,940,991 treasury shares with a nominal value of €0.50 each, and the Company's issued share capital (excluding shares held as treasury shares) consists of 2,048,048,303.

Each share carries the right to one vote in relation to all circumstances at general meetings of IAG. Accordingly, excluding shares held as treasury shares, IAG has total voting rights of 2,048,048,303.

The Company's total issued share capital is 2,057,989,294 shares. This figure should be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company to the Spanish National Securities market Commission (CNMV).

IAG Shareholder Services18 December 2017