Given the extraordinary circumstances and the important challenges that came to light during the year 2006, and which are not tied to the commercial air transportation economic cycle, the Board of Directors unanimously agreed that the amount of the proposed cash distribution should be substantially reduced.

While this opinion constitutes a departure from the policy adopted last year, the Board of Directors does not recommend to rescind such policy, but endorses a temporary suspension. Looking forward, EADS’ Board of Directors still believes that continuity and growth of dividends is a desirable shareholder objective, which must however remain subject to factors such as EADS’ distribution capacity arising from performance, its priorities for cash utilisation and future prospects.

To determine whether to effect a cash distribution or not, and if so, at what level, the Board of Directors considered dividend distribution in relation to the liquidity and capital structure of EADS, and to the opportunity of accessing capital market. It also considered Management’s account of investor concerns and interpretation of a dividend payment, in the light of stock performance through the past year. Following this debate, directors could not finally agree on a dividend proposal.

In the absence of a proposal by the Board of Directors, and in accordance with Dutch law and the Company’s Articles of Association, shareholders present at the Annual General Meeting of Shareholders to be held on 4^th May 2007 may propose that the result of the financial year 2006, i.e. €99 million, is either added to retained earnings or distributed entirely or partially as a dividend. A total distribution of the result of the financial year 2006 would represent a gross amount of €0.12 per share. The proposals made by the shareholders will be submitted to the vote at the Annual General Meeting of Shareholders to be held on 4^th May 2007.