Market Overview

Corporación América Airports and Investment Corporation of Dubai Announce Two Business Agreements

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Investment Corporation of Dubai agrees to purchase 25% share of
Corporación America Italia S.p.A.

The Parties Sign a Memorandum of Understanding to Explore New Airport
Opportunities in Middle East, Eastern Europe & Italy

Corporación América Airports S.A. (NYSE:CAAP) ("CAAP") the
largest private sector airport concession operator in the world by
number of airports and Investment Corporation of Dubai ("ICD"), the
principal investment arm of the Government of Dubai announced today that
they have entered into a share purchase agreement whereby CAAP will sell
25% of its wholly owned subsidiary Corporación America Italia S.p.A.
("CAI") to ICD (the "Transaction").

CAAP and ICD have also entered into a Memorandum of Understanding
("MOU") to jointly pursue new opportunities in the airport sector in
Italy, Eastern Europe (exc. Russia) and the Middle East. The MOU aims to
build upon CAAP's management capabilities and deep knowledge of the
airport industry as well as ICD´s unique access to financing and the
capital markets.

CAI is the controlling entity of Toscana Aeroporti S.p.A. ("TA"), a
publicly traded Italian company which manages and holds the concessions
for the Florence and Pisa airports in Italy. Since its initial public
offering in February 2018, CAAP acquired an additional 11% ownership
stake in TA, increasing its stake from 51% to approximately 62%.
Following the closing of the Transaction, CAAP will have a 75% share
ownership of CAI.

"We are delighted to have entered into these agreements and look
forward to working together with such a high-quality institutional
investor as ICD which shares our long-term vision of value creation,"

said Mr. Martin Eurnekian, CEO of Corporación América Airports. "This
partnership provides a solid foundation to jointly identify and develop
new opportunities in the airport sector in the future, while maintaining
our focus on delivering on our growth strategy in other key markets,
primarily Argentina and Brazil"

Commenting on the agreements, His Excellency Mohammed Al Shaibani,
CEO of Investment Corporation of Dubai stated: "The establishment of a
partnership with CAAP offers exciting opportunities for collaboration
with a proven, world class infrastructure investor and operator,  in new
markets, in line with the strategy to diversify our portfolio", before
adding, "The purchase of shares in CAI augments the partnership whilst
also giving ICD access to Toscana Aeroporti, an established,
well-performing airport group in a mature economy with development
potential.""

The Transaction is expected to close by August 31, 2018 subject to
satisfaction of certain customary conditions precedent.

About Investment Corporation of Dubai

ICD is the principal investment arm of the Government of Dubai. It was
established in May 2006 by Decree 11 of 2006 and mandated with the
consolidation and management of the Government of Dubai's portfolio of
commercial companies and investments. ICD was also assigned the
provision of strategic oversight to portfolio companies through the
development and implementation of effective corporate governance
policies, and sound investment strategies. ICD is focused on maximizing
stakeholder value for the long-term benefit of the Emirate.

ICD's portfolio comprises some of Dubai's most recognized companies, and
represents a cross-section of vital economic sectors that the Government
of Dubai has deemed strategic for the continued development and growth
of the Emirate. The sectors include financial services, transportation,
energy and industry, real estate and leisure, retail, and other
holdings. In addition, ICD has embarked on a disciplined and sustainable
strategy of global investments, which are synergistic with its existing
portfolio, to extend Dubai's presence and expertise into international
markets. For more information, please visit: http://www.icd.gov.ae/

About Corporación América Airports S.A.

CAAP acquires, develops and operates airport concessions. The Company is
the largest private sector airport operator in the world based on the
number of airports under management and the tenth largest based on
passenger traffic. Currently, the Company operates 52 airports in seven
countries across Latin America and Europe (Argentina, Brazil, Uruguay,
Peru, Ecuador, Armenia and Italy). In 2017, it served 76.6 million
passengers. The Company is listed on the New York Stock Exchange where
it trades under the ticker "CAAP". For more information, visit http://investors.corporacionamericaairports.com

Forward Looking Statements

Statements relating to our future plans, projections, events or
prospects are forward-looking statements within the meaning of the
Private Securities Litigation Reform Act of 1995. Forward-looking
statements include all statements that are not historical facts and can
be identified by terms such as "believes," "continue," "could,"
"potential," "remain," "will," "would" or similar expressions and the
negatives of those terms. Forward-looking statements involve known and
unknown risks, uncertainties and other factors that may cause our actual
results, performance or achievements to be materially different from any
future results, performance or achievements expressed or implied by the
forward-looking statements. Many factors could cause our actual
activities or results to differ materially from the activities and
results anticipated in forward-looking statements. The Company
encourages you to review the ‘Cautionary Statement' and the ‘Risk
Factor' sections of our Registration Statement on Form F-1 and our
Annual Report on Form 20-F filed with the SEC for additional information
concerning factors that could cause those differences.

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