Press Release

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Gate Gourmet France S.A.S and LSG Sky Chefs France S.A. Today Announced Their Intention to Combine Catering Activities at Paris Charles de Gaulle Airport.

Paris, April 4, 2006 - Gate Gourmet and LSG Sky Chefs have announced their intention to combine their Paris Charles de Gaulle Airport catering activities under a new company that would take the form of a 50/50 joint venture.

The objective of potentially merged Paris activities would be to create a strong business foundation in a challenging airline industry environment. By combining their businesses, the two companies aim to ensure their long-term survival by returning to profitability and also to develop new business. Gate Gourmet and LSG Sky Chefs shall honor existing contracts with airlines and would expect the joint venture to provide the same high-quality service their customers now receive.

Both management teams will follow the French legal requirement regarding the consultation of workers' representatives on the joint venture project, and will encourage dialogue among the various unions and employee representatives. For the immediate future, there will be no change in employment levels due to the transaction. However, more in-depth analysis would be needed to determine the impact on employment going forward.

The transaction will require the approval of the European Commission. Assuming the necessary clearances are obtained, the companies would begin implementing the joint venture once the transaction closes.

Gate Gourmet in brief:

• Gate Gourmet France was founded in 1999. It employs 295 people on its Roissy CDG site and produced a little more than 3 million meals in 2005.
• Founded in 1992, Gate Gourmet is a market leader in the airline catering business. With approximately 22,000 employees globally, Gate Gourmet serves its customers in 109 kitchens, in 29 countries, on five continents, and provides meals to more than 300 million passengers annually.

LSG Sky Chefs in brief:

• The LSG Sky Chefs France unit started operation in 1974. In 2005, some 600 employees produced 4.2 million meals per year in the LSG Sky Chefs premises, located at Roissy CDG.
• LSG Sky Chefs is the world's largest provider of airline catering and in-flight solutions. LSG Sky Chefs caters 270 airlines from almost 190 customer service centers in 49 countries and produces around 369 million airline meals a year. In 2005, the companies belonging to LSG Sky Chefs Group achieved consolidated revenues of AC; 2.2 billion.

Contacts

For Gate Gourmet International:

John Bronson
Phone +1 703 964 2362

For LSG Sky Chefs:

Martin Riecken
Phone +49 6102 240 720