CODESHARE AGREEMENT KLM AND CONTINENTAL

KLM Royal Dutch Airlines and Continental Airlines have agreed to cooperate to provide significant travel and convenience benefits to the public by linking KLM’s European network with Continental’s U.S. network.

Subject to regulatory approval, as of December 1, 2001, KLM will connect its flights from Amsterdam to Continental’s hubs Houston and Newark with Continental’s domestic network through codesharing on all U.S. domestic services, operated by Continental and Continental Express from these hubs.

Continental will connect its Newark services to Amsterdam with KLM’s European network through codesharing on European flights from Amsterdam, operated by KLM and regional partners.

Both airlines see codesharing as helping to stimulate traffic and consequently increase their revenues during the current crisis in the airlines industry. The agreement is valid for six months and can be extended.

The two airlines have also agreed to provide travelers with reciprocal airport lounge access and loyalty program benefits. Members of KLM’s Flying Dutchman and Continental’s OnePass program will be able to accrue and redeem travel awards on the other airline’s flights.

In the light of the current circumstances in the industry, KLM is exploring opportunities leading to similar agreements with other airlines.

Continental Airlines is the domestic partnerairline of Northwest Airlines in the USA.