Publication of Supplementary Circular

INTERNATIONAL CONSOLIDATED AIRLINES GROUP, S.A. (the "Company") announces that following publication of the trading update in respect of the interim financial results for the third quarter of 2022 on 13 October 2022 (the "Q3 Trading Update"), a supplementary circular (the "Supplementary Circular") relating to the proposed purchases of 50 Boeing 737 family aircraft and 37 Airbus A320neo family aircraft (the "Transaction") is published on the date hereof on the Company's website (www.iairgroup.com).

The Supplementary Circular has been submitted to the National Storage Mechanism and will be available for inspection in due course:

National Storage Mechanism | FCA

The Supplementary Circular relates solely to the Q3 Trading Update and is supplementary to and must be read in conjunction with the circular dated 22 September 2022 (the "Circular"), available on the Company's website.

It remains the case that an extraordinary general meeting relating to the Transaction will be held in Madrid, at Auditorio Rafael del Pino, calle de Rafael Calvo, nº 39, 28010, with the possibility of attending remotely, on 25 October 2022 at 18:30 (CEST), on first call, and on the following day, 26 October 2022 at 18:30 (CEST), at the same venue, on second call. In light of the fact that the quorum required by law and the corporate bylaws may not be met on first call, the Shareholders' Meeting will be held on second call. Further details are set out in the Circular and the notice of extraordinary general meeting contained within it.

Alvaro Lopez-Jorrin

Secretary of the Board of Directors

18 October 2022