Re: HOCHTIEF Airport

TBI PLC
21 January 2004



TBI PLC

                             ('TBI' or 'the Group')

                             Re:  HOCHTIEF Airport

TBI notes the announcement made by HOCHTIEF AirPort GmbH ('HTA') today and
confirms that at no stage did HTA contact TBI to discuss a potential offer for
the Company.



                                                                 21 January 2004

ENQUIRIES:


Dresdner Kleinwort Wasserstein                       Tel:  [phone]
Charlie Batten

Oriel Securities                                     Tel:  [phone]
Simon Bragg

College Hill                                         Tel:  [phone]
Justine Warren




APPENDIX



TBI Traffic Summary:




Pax Numbers   1 October 2003 - 31 December 2003
 (000's)
                        Luton Belfast               Cardiff         Skavsta           Total

Full service            157.6            1.1           49.4             0.0           208.1
                       12.24%        -98.65%        -19.02%              na         -26.44%
Low cost               1254.4          785.4          167.6           292.9          2500.3
                        5.11%         26.27%         92.42%         251.20%          25.90%
Charter                 162.9          129.7          168.6             0.2           461.4
                       -7.71%         20.99%         -3.93%              na           0.48%
Total                  1574.9          916.2          385.6           293.1          3169.8

                        4.27%         13.01%         19.16%         251.44%          16.19%


Pax numbers   1 October 2002 - 31 December 2002
 (000's)
                        Luton        Belfast        Cardiff          Skavsta           Total

Full service            140.4           81.5           61.0              0.0           282.9
Low cost               1193.4          622.0           87.1             83.4          1985.9
Charter                 176.5          107.2          175.5              0.0           459.2
Total                  1510.3          810.7          323.6             83.4          2728.0




                      This information is provided by RNS
            The company news service from the London Stock Exchange