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CATHAY PACIFIC AIRWAYS LIMITED

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					Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong
Limited take no responsibility for the contents of this announcement, make no
representation as to its accuracy or completeness and expressly disclaim any liability
whatsoever for any loss howsoever arising from or in reliance upon the whole or any
part of the contents of this announcement.


             CATHAY PACIFIC AIRWAYS LIMITED
                  (Incorporated in Hong Kong with limited liability)
                                  (Stock Code: 293)

Settlement with Australian Competition and Consumer Commission


In July 2009, Cathay Pacific Airways Limited (“Cathay Pacific”) received a statement
of claim, since amended, from the Australian Competition and Consumer
Commission (“ACCC”) with regard to Cathay Pacific's air cargo operations.
Agreement has been reached between Cathay Pacific and the ACCC to settle the
allegations which arose out of the amended statement of claim. Under the settlement,
which has been approved by the Federal Court of Australia, New South Wales
Registry, Cathay Pacific has pleaded guilty to certain violations of the Australian
Trade Practices Act and will make a payment of A$11.75 million (approximately
HK$95.4 million at current exchange rates), made up of a penalty of A$11.25 million
and a contribution of A$0.5 million to the legal costs of the ACCC.


Cathay Pacific is the subject of proceedings with regard to its air cargo operations by
the competition authorities of various jurisdictions. One of these jurisdictions is
Australia. In July 2009, Cathay Pacific received a statement of claim, since amended,
from the ACCC with regard to Cathay Pacific's air cargo operations. Agreement has
been reached between Cathay Pacific and the ACCC to settle the allegations which
arose out of the amended statement of claim. Under the settlement, which has been
approved by the Federal Court of Australia, New South Wales Registry, Cathay
Pacific has pleaded guilty to certain violations of the Australian Trade Practices Act
and will make a payment of A$11.75 million (approximately HK$95.4 million at
current exchange rates), made up of a penalty of A$11.25 million and a contribution
of A$0.5 million to the legal costs of the ACCC.

Cathay Pacific remains committed to its long standing policy of full compliance with
all applicable laws and is satisfied that it has taken the best possible corrective actions
to remain consistent with this policy.

This announcement is issued by Cathay Pacific pursuant to Rule 13.09 of the Rules
Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited.

Investors are advised to exercise caution in dealing in shares of Cathay Pacific.




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As at the date of this announcement, the Directors of Cathay Pacific are:

Executive Directors: Christopher Pratt (Chairman), James Barrington, Ivan Chu,
Martin Murray and John Slosar;
Non-Executive Directors: Cai Jianjiang, Fan Cheng, James W.J. Hughes-Hallett,
Peter Kilgour, Ian Shiu, Merlin Swire, Wang Changshun and Zhao Xiaohang; and
Independent Non-Executive Directors: Irene Lee, Jack So, Tung Chee Chen and
Peter Wong.


By Order of the Board
Cathay Pacific Airways Limited
David Fu
Company Secretary

Hong Kong, 6th December 2012




 

 

 

 




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