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

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.

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.

end of announcement euro adhoc

issuer: TUI AG Karl-Wiechert-Allee 4 D-30625 Hannover phone: +49(0)511 566 - 1425 FAX: +49(0)511 566 - 1096 mail: investor.relations@tui.com 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

Rückfragen & Kontakt:

Investor Relations Kontakt:
Björn Beroleit, Telefon: +49 (0) 511 566 1310
Nicola Gehrt, Telefon: +49 (0) 511 566 1435Media Kontakt:
Uwe Kattwinkel, Telefon: +49 (0) 511 566 1417
Robin Zimmermann, Telefon: +49 (0) 511 566 1488

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