CHANGES IN THE CONSOLIDATED GROUP

On 15 March 2019, in a public tender conducted by the Brazilian government, Flughafen Zürich AG was awarded concessions for the operation and expansion of Vitória and Macaé airports in the southeast of Brazil. The wholly-owned subsidiary Aeroportos do Sudeste do Brasil S.A. based in Vitória (Brazil) was established for this purpose (see note 24.7, Concessions for the operation of foreign airports).