IAG repurchase and partial cancellation of bonds

INTERNATIONAL CONSOLIDATED AIRLINES GROUP, S.A. (the "Company"), pursuant to article 17 of Regulation (EU) No. 596/2014 of the European Parliament and of the Council on Market Abuse and article 226 of the Restated Text of the Spanish Securities Market Act approved by Royal Legislative Decree 4/2015, of 23 October and related provisions, hereby communicates the following privileged information:

RELEVANT EVENT

REPURCHASE AND PARTIAL CANCELLATION OF BONDS

Following the relevant events published on 24 June 2019, on 26 June 2019 on 27 June 2019 and on 5 July 2019, the Company hereby announces that it has completed the purchase, amortized and cancelled 89.44% of the Convertible Bonds due 17 November 2020, ISIN XS1322536332 (the "Bonds") for an aggregate nominal amount of €447,200,00.

The Company, finally, has been able to acquire two (2) Bonds less than those communicated on 27 June 2019 and on 5 July 2019 because the holders of such Bonds have not tendered them in time to be repurchased. As a consequence of it, the total nominal amount of the Bonds acquired and cancelled has been finally reduced in € 200,000.

Therefore, taking all the above into account, the outstanding aggregate principal amount of the Bonds as of the date hereof is equal to €52,800,000.

Ends

Madrid, 15 July 2019.