NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM

�

International Consolidated Airlines Group, S.A. (the "Company") hereby notifies the market of the following transactions of which it has been notified under article 19.1 of the EU Market Abuse Regulation ('MAR'), relating to:

�

�� The award of deferred shares (in the form of conditional awards) under the Company's Incentive Award Deferral Plan (following the outcome of the 2019 annual incentive); and

�

�� The award of nil-cost options under the Company's Performance Share Plan for 2020.

These share plans are more fully described in the Company's 2019 Directors' Remuneration Report, which can be accessed online at www.iairgroup.com.

�

This announcement is made in accordance with Article 19.3 of MAR.

�

IAG Shareholder Services

�

Details of the person discharging managerial responsibilities / person closely associated

�

Name

�

�� William Walsh

�� Steve Gunning

�� Andrew Crawley

�� Alex Cruz

�� Adam Daniels

�� Sean Doyle

�� Lynne Embleton

�� Luis Gallego

�� John Gibbs

�� Alistair Hartley

�� Chris Haynes

�� Javier Sanchez-Prieto

�� Julia Simpson

�

Reason for the notification

�

Position/status

�

Persons Discharging Managerial Responsibilities (PDMRs)

� Name	� Position	�
William Walsh	Executive Director
Steve Gunning	Executive Director
Andrew Crawley	Chairman and CEO IAG Loyalty
Alex Cruz	Chairman and CEO British Airways
Adam Daniels Sean Doyle	Chairman and CEO IAG Loyalty Chief Executive Officer Aer Lingus
Lynne Embleton	Chairman and CEO IAG Cargo
Luis Gallego John Gibbs Alistair Hartley	Chairman and CEO Iberia Chief Information Officer Director of Strategy
Chris Haynes	General Counsel
Javier Sanchez-Prieto	Chairman and CEO Vueling
Julia Simpson	Chief of Staff

�

Initial notification /Amendment

Initial notification

�

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

�

Name

�

International Consolidated Airlines Group S.A.

�

LEI

�

959800TZHQRUSH1ESL13

�

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

�

Description of the financial instrument, type of instrument

�

Identification code

�

Ordinary shares of 0.50 euro each

�

ES0177542018

�

Nature of the transaction

�

Award of conditional shares under the Incentive Award Deferral Plan (IADP) and nil-cost options under the Performance Share Plan (PSP), for nil consideration.�

�

Price(s) and volume(s)

�

	IADP		PSP
	� Price(s) � �	Volume(s) �	Price(s) �	� Volume(s) � �
William Walsh �	4.59	96,233	n/a	0
Steve Gunning �	4.59	46,177	4.59	226,852
Andrew Crawley �	4.59	28,337	n/a	0
Alex Cruz �	n/a		4.59	206,863
Adam Daniels	4.59	24,032	4.59	95,425
Sean Doyle �	4.59	43,247	4.59	158,804
Lynne Embleton �	4.59	28,479	4.59	104,575
Luis Gallego �	4.59	54,059	4.59	357,298
John Gibbs	4.59	8,306	4.59	91,503
Alistair Hartley	4.59	20,449	4.59	99,346
Chris Haynes �	4.59	28,479	4.59	104,575
Javier Sanchez-Prieto �	4.59	44,154	4.59	198,505
Julia Simpson �	4.59	19,657	4.59	79,477

�

Aggregated information

�

- Aggregated volume

- Price

�

N/A

�

Date of the transaction

�

06 March 2020

�

Place of the transaction

Outside a trading venue

�