MTU Aero Engines Holding AG €180 Million Convertible Bond Offering

February 1, 2007

Cleary Gottlieb represented Deutsche Bank as sole bookrunner and lead manager in an offering by MTU Aero Engines Holding AG (“MTU”) of €180 million convertible bonds. The bonds, which were issued through MTU Aero Engines Finance B.V., a Dutch finance subsidiary of MTU, are guaranteed by MTU and convertible into existing or new shares of MTU. The transaction closed on February 1.