SHAREHOLDER REPORT

International Consolidated Airlines Group S.A

El Caserio, Iberia Zona Industrial No.2, Camino De La Mundoza, Madrid, 28042,

Legal form: Private Individual
Age: 54 years
Nationality:
Country of residence:

SHAREHOLDINGS

id	Company number	Company name	Status	Notified on
586835	01777777	BRITISH AIRWAYS PLC	active	2016-04-06

DIRECT AND INDIRECT SHAREHOLDINGS

25-50%:BRITISH AIRWAYS PLC (01777777 - UK) active
- 50%-75%:NEW AIRWAYS PENSION SCHEME TRUSTEE LIMITED (10299954 - UK) active
  - 25-50%:BRITISH AIRWAYS PENSION TRUSTEES LIMITED (00453632 - UK) active
    25-50%:ONE NEW OXFORD STREET GENERAL PARTNER LIMITED (09225915 - UK) active
    >75%:BRITISH AIRWAYS PENSION SERVICES LIMITED (03123736 - UK) active
    >75%:BRITISH AIRWAYS PENSION PROPERTY HOLDINGS LIMITED (04563566 - UK) active
    >75%:BRITISH AIRWAYS PENSION PROPERTY HOLDINGS (NUMBER 2) LIMITED (04563574 - UK) active
    >75%:BRITISH AIRWAYS PENSION APS NOMINEES LIMITED (06033349 - UK) active
    >75%:BRITISH AIRWAYS PENSION NAPS NOMINEES LIMITED (06033348 - UK) active
    >75%:APS SPEEDBIRD ONE LIMITED (02220777 - UK) active
    Significant influence or control:MOF FEEDER B LP (SL011267 - UK) active
    Significant influence or control:MANSFORD OPPORTUNITY FUND III LP (SL006757 - UK) active
    25-50%:HORNDRIFT LIMITED (03871243 - UK) ceased
    25-50%:CORNERFORD LIMITED (03871316 - UK) ceased
- 50%-75%:AIRWAYS PENSION SCHEME TRUSTEE LIMITED (10300010 - UK) active
  - 25-50%:BRITISH AIRWAYS PENSION TRUSTEES LIMITED (00453632 - UK) active
    25-50%:ONE NEW OXFORD STREET GENERAL PARTNER LIMITED (09225915 - UK) active
    >75%:BRITISH AIRWAYS PENSION SERVICES LIMITED (03123736 - UK) active
    >75%:BRITISH AIRWAYS PENSION PROPERTY HOLDINGS LIMITED (04563566 - UK) active
    >75%:BRITISH AIRWAYS PENSION PROPERTY HOLDINGS (NUMBER 2) LIMITED (04563574 - UK) active
    >75%:BRITISH AIRWAYS PENSION APS NOMINEES LIMITED (06033349 - UK) active
    >75%:BRITISH AIRWAYS PENSION NAPS NOMINEES LIMITED (06033348 - UK) active
    >75%:APS SPEEDBIRD ONE LIMITED (02220777 - UK) active
    Significant influence or control:MOF FEEDER B LP (SL011267 - UK) active
    Significant influence or control:MANSFORD OPPORTUNITY FUND III LP (SL006757 - UK) active
    25-50%:HORNDRIFT LIMITED (03871243 - UK) ceased
    25-50%:CORNERFORD LIMITED (03871316 - UK) ceased
- >75%:BRITISH AIRWAYS HOLIDAYS LIMITED (00554278 - UK) active
  - >75%:OVERSEAS AIR TRAVEL LIMITED (03129251 - UK) active
- >75%:BRITISH MIDLAND LIMITED (02107441 - UK) active
  - >75%:BMIBABY LIMITED (03259921 - UK) active
  - >75%:BRITISH MIDLAND AIRWAYS LIMITED (00464648 - UK) active
  - >75%:BRITISH MEDITERRANEAN AIRWAYS LIMITED (02524595 - UK) active
- >75%:BA EUROPEAN LIMITED (06346489 - UK) active
- >75%:BA AND AA HOLDINGS LIMITED (03840072 - UK) active
- >75%:BA CITYFLYER LIMITED (02571224 - UK) active
- >75%:THE PLIMSOLL LINE LIMITED (01967358 - UK) active
- Significant influence or control:OVERSEAS AIR TRAVEL LIMITED (03129251 - UK) active
- >75%:AVIOS GROUP (AGL) LIMITED (02260073 - UK) active
  - >75%:IAG LOYALTY LIMITED (02775089 - UK) active
  - >75%:IAG LOYALTY RETAIL LIMITED (13984706 - UK) active
- >75%:BRITISH AIRWAYS PENSION TRUSTEE (NO. 2) LIMITED (04560789 - UK) active
- 50%-75%:BRITISH AIRWAYS PENSION TRUSTEES LIMITED (00453632 - UK) active
  - 25-50%:ONE NEW OXFORD STREET GENERAL PARTNER LIMITED (09225915 - UK) active
  - >75%:BRITISH AIRWAYS PENSION SERVICES LIMITED (03123736 - UK) active
  - >75%:BRITISH AIRWAYS PENSION PROPERTY HOLDINGS LIMITED (04563566 - UK) active
  - >75%:BRITISH AIRWAYS PENSION PROPERTY HOLDINGS (NUMBER 2) LIMITED (04563574 - UK) active
  - >75%:BRITISH AIRWAYS PENSION APS NOMINEES LIMITED (06033349 - UK) active
  - >75%:BRITISH AIRWAYS PENSION NAPS NOMINEES LIMITED (06033348 - UK) active
  - >75%:APS SPEEDBIRD ONE LIMITED (02220777 - UK) active
  - Significant influence or control:MOF FEEDER B LP (SL011267 - UK) active
  - Significant influence or control:MANSFORD OPPORTUNITY FUND III LP (SL006757 - UK) active
  - 25-50%:HORNDRIFT LIMITED (03871243 - UK) ceased
  - 25-50%:CORNERFORD LIMITED (03871316 - UK) ceased
- >75%:BRITISH AIRWAYS 777 LEASING LIMITED (04954270 - UK) active
- >75%:BRITISH AIRWAYS ASSOCIATED COMPANIES LIMITED (00590083 - UK) active
- >75%:BRITISH AIRWAYS LEASING LIMITED (04150220 - UK) active
- >75%:TELEFLIGHT LIMITED (03918190 - UK) active
- >75%:BA NUMBER ONE LIMITED (07988856 - UK) active
  - >75%:BRITISH AIRWAYS (BA) LIMITED (07990613 - UK) active
- >75%:BRITAIR HOLDINGS LIMITED (03537574 - UK) active
- >75%:BA HEALTHCARE TRUST LIMITED (09619950 - UK) active
- >75%:BEALINE PLC (08090752 - UK) active
- >75%:BA HOLDCO LIMITED (12278609 - UK) active
- >75%:BA EUROFLYER LIMITED (13734241 - UK) active