Director/PDMR Shareholding

RNS Number : 3362H

International Cons Airlines Group

26 May 2011

Notification of Transactions of Directors/Persons Discharging Managerial Responsibility and Connected Persons

All relevant boxes should be completed in block capital letters.

1.	Name of the issuer International Consolidated Airlines Group S.A.	2.	State whether the notification relates to (i) a transaction notified in accordance with DTR 3.1.2 R, (ii) a disclosure made in accordance LR 9.8.6R(1) or (iii) a disclosure made in accordance with section 793 of the Companies Act (2006). Notification in accordance with DTR 3.1.2 R

3.	Name of person discharging managerial responsibilities/director César Alierta Izuel	4.	State whether notification relates to a person connected with a person discharging managerial responsibilities/director named in 3 and identify the connected person N/A

5.	Indicate whether the notification is in respect of a holding of the person referred to in 3 or 4 above or in respect of a nonbeneficial interest 1 IN RESPECT OF THE PERSON REFERRED TO IN 3 ABOVE	6.	Description of shares (including class), debentures or derivatives or financial instruments relating to shares Ordinary shares of 0.50 euro

7.	Name of registered shareholders(s) and, if more than one, the number of shares held by each of them N/A	8.	State the nature of the transaction purchase

9.	Number of shares, debentures or financial instruments relating to shares acquired 165,000 729,575 105,425	10.	Percentage of issued class acquired (treasury shares of that class should not be taken into account when calculating percentage) 0.054

11.	Number of shares, debentures or financial instruments relating to shares disposed N/A	12.	Percentage of issued class disposed (treasury shares of that class should not be taken into account when calculating percentage) N/A

13.	Price per share or value of transaction 165,000 - 2.82 euro 729,575 - 2.84 euro 105,425 - 2.75 euro	14.	Date and place of transaction 165,000 - 19 May 2011 729,575 - 20 May 2011 105,425 - 23 May 2011 Madrid

15.	Total holding following notification and total percentage holding following notification (any treasury shares should not be taken into account when calculating percentage) Total Shares: 1,000,000 - 0.054%	16.	Date issuer informed of transaction 24 May 2011

If a person discharging managerial responsibilities has been granted options by the issuer

complete the following boxes

17.	Date of grant	18.	Period during which or date on which exercisable

19.	Total amount paid (if any) for grant of the option	20.	Description of shares or debentures involved (class and number)

21.	Exercise price (if fixed at time of grant) or indication that price is to be fixed at the time of exercise	22.	Total number of shares or debentures over which options held following notification

23.	Any additional information	24.	Name of contact and telephone number for queries