AMENDMENT NO. 1 TO DEPOSIT AGREEMENTDeposit Agreement • October 11th, 2016 • Deutsche Bank Trust Co Americas/ ADR Group • New York
AMENDMENT No. 1 dated as of , 2016 (the "Amendment") to the Deposit Agreement dated as of January 24, 2011 (the "Deposit Agreement") among (i) International Consolidated Airlines Group, S.A. , a company incorporated under the laws of the Kingdom of Spain, and its successors (the "Company"), (ii) Deutsche Bank Trust Company Americas, an indirect wholly owned subsidiary of Deutsche Bank A.G., acting in its capacity as depositary, and any successor depositary hereunder (the "Depositary"), and (iii) all Holders and Beneficial Owners of ADSs evidenced by ADRs issued thereunder .
