EANS-Adhoc: TUI AG / Extraordinary Supervisory Board meeting of TUI AG

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ad-hoc disclosure pursuant to section 15 of the WpHG transmitted by euro
adhoc with the aim of a Europe-wide distribution. The issuer is solely
responsible for the content of this announcement.
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03.03.2011

TUI sells 11.33 per cent of Hapag-Lloyd stake to Albert Ballin consortium

General authorisation of the Executive Board for potential IPO of Hapag-Lloyd

Hanover/Hamburg, 3 March 2011. At its extraordinary meeting held today, the
Supervisory Board of TUI AG resolved to reduce its stake in Hapag-Lloyd. TUI AG
sells 11.33 per cent of its shares in Hapag-Lloyd to the Albert Ballin
consortium. These shares have resulted from the conversion of the Hybrid I loan
into equity in Hapag-Lloyd as per the end of the year 2010. The consortium thus
exercises its option resolved in September 2010. The purchase price for these
shares totals 315 million euro. In the event of an IPO of Hapag-Lloyd, the
purchase price paid by the Albert Ballin consortium will increase by up to 35
million euro (earn out) if certain conditions are met. The sale of shares is
subject to approval by the shareholders´ meeting of Hamburgische
Seefahrtsbeteiligung "Albert Ballin" GmbH & Co. KG.

Following the closing of the transaction in May 2011, TUI will hold a 38.4 per
cent stake in Hapag-Lloyd representing capital employed of 1.71 billion euro
(1.18 billion euro in equity / 530 million euro in loans and hybrid capital).

At today´s meeting, the Supervisory Board also authorised the Executive Board as
a matter of principle to sell further shares in Hapag-Lloyd in the framework of
an IPO.

Some of the information in this press release may contain predictions,
expectations or forward-looking statements. These statements may entail known or
unknown risks or uncertainties. Actual results and developments may therefore
differ materially from the expressed expectations and assumptions. The
performance of financial markets, the development of exchange rates, amendments
to national and international laws, in particular concerning tax regulations,
may also have an impact. Except as provided by law, the Company undertakes no
obligation to update forward-looking statements.

Further inquiry note:
Investor Relations Kontakt:
Björn Beroleit, Telefon: +49 (0) 511 566 1310
Nicola Gehrt, Telefon: +49 (0) 511 566 1435

Media Kontakt:
Uwe Kattwinkel, Telefon: +49 (0) 511 566 1417
Robin Zimmermann, Telefon: +49 (0) 511 566 1488
end of announcement euro adhoc
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issuer:      TUI AG
             Karl-Wiechert-Allee 4
             D-30625 Hannover
phone:       +49(0)511 566 - 1425
FAX:         +49(0)511 566 - 1096
mail:        [email protected]
WWW:         http://www.tui-group.com
sector:      Transport
ISIN:        DE000TUAG000
indexes:     MDAX, CDAX, HDAX, Prime All Share

stockmarkets: regulated dealing/prime standard: Frankfurt, regulated dealing:
Berlin, Hamburg, Stuttgart, Düsseldorf, Hannover, München
language: English

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