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Shearman & Sterling Advised Managers for Zürich Airport Offering
10 May 2006

Frankfurt/Main, May 10, 2006 — Shearman & Sterling LLP acted as international and US counsel to Credit Suisse and Zürcher Kantonalbank as Global Coordinators and Bookrunners in connection with a CHF 325 million capital increase by Unique Flughafen Zürich AG.

The capital increase was part of an overall CHF 1 billion financing package in connection with potential noise compensation obligations by Zürich Airport towards surrounding landowners.  Zürich Airport is an important continental and intercontinental hub for air travel from and to Western Europe.

For additional information contact:
Marcus Brans | Düsseldorf | T +49.211.17888.907 |

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Notes to Editor
Lenz & Staehelin, in particular partners Dr. Patrick Schleiffer and Dr. Patrick Hünerwadel, were local Swiss counsel to Zürich Airport.

Shearman & Sterling LLP is a global law firm with approximately 1,000 lawyers located in 19 offices around the world.  The firm is a leader in mergers and acquisitions, capital markets, project development and finance, complex business litigation and international arbitration, asset management and tax.