Repurchase and partial cancellation of bonds.

INTERNATIONAL CONSOLIDATED AIRLINES GROUP, S.A.

REPURCHASE AND PARTIAL CANCELLATION OF BONDS

International Consolidated Airlines Group, S.A. ("IAG") hereby announces, further to the inside information communications released on 11 May 2026 (registered with the CNMV under numbers 3,210 and 3,211) and the other relevant information communication released on 12 May 2026 (registered with the CNMV under number 40,843) in relation to the repurchase by IAG of its senior unsecured convertible bonds maturing on 18 May 2028 (ISIN XS2343113101) (the "Bonds"), that it has completed the purchase, redemption and cancellation of Bonds in an aggregate principal amount of EUR 821,700,000 (which represents 99.6% of the aggregate principal amount of the Bonds previously outstanding).

Following this purchase and the consequent redemption of the acquired Bonds, the aggregate principal amount of the Bonds outstanding is EUR 3,300,000. However, the Purchaser intends to exercise the clean-up call and redeem the remaining outstanding Bonds, in whole but not in part, at their principal amount, together with accrued but unpaid interest, in accordance with the terms and conditions of the Bonds.

  Nicholas Theodore Cadbury

Chief Financial and Sustainability Officer

LEI: 959800TZHQRUSH1ESL13

21 May 2026