EANS-Adhoc: TUI AG / TUI's convertible bonds successfully placed with investors

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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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12.11.2009

Hanover, 12 November 2009. TUI AG has placed all of its convertible
bonds as part of a subscription offer to existing shareholders and
qualified investors both inside and outside Germany. TUI issues
3,868,373 Convertible Bonds with a coupon of 5.50 % due 2014 in the
aggregate principal amount of EUR 217,789,399.90 and in a
denomination of EUR 56.30 each, of which 1,123,790 Convertible Bonds
in the aggregate principal amount of EUR 63,269,377.00 were
subscribed by existing shareholders.

With this transaction, TUI intends to extend its debt maturity
profile. The proceeds from the issuance of the convertible bonds will
be used for general corporate purposes.

The convertible bonds (ISIN DE000TUAG11 7 // WKN TUAG11) are expected
to be included to trading in the Open Market (Freiverkehr) of the
Frankfurt Stock Exchange by 30 November 2009. The Bonds are expected
to settle on 17 November 2009.

The Management Board

Not for release, publication or distribution in the United States or
to U.S. Persons, Canada, Australia, Japan and any other jurisdiction
in which offers or sales of securities are prohibited by applicable
law.

This ad-hoc announcement is for information purposes only and does
not constitute or form part of, and should not be construed as an
offer or an invitation to sell, or issue or the solicitation of any
offer to buy or subscribe for, any securities. In connection with
this transaction there has not been, nor will there be, any public
offering of the Bonds. No prospectus will be prepared in connection
with the offering of the Bonds. The Bonds may not be offered to the
public in any jurisdiction in circumstances which would require the
Issuer of the Bonds to prepare or register any prospectus or offering
document relating to the Bonds in such jurisdiction. The distribution
of this ad-hoc announcement and the offer and sale of the Bonds in
certain jurisdictions may be restricted by law.

This ad-hoc announcement does not constitute an offer to sell or a
solicitation of an offer to purchase any securities in the United
States. The securities referred to herein (including the Bonds, the
subscription rights and the shares of TUI) have not been and will not
be registered under the U.S. Securities Act of 1933, as amended (the
"Securities Act") or the securities laws of any State within the
United States, and may not be offered or sold, pledged or otherwise
transferred in the United States or to, or for the account or benefit
of, U.S. Persons (as defined in Regulation S under the Securities
Act), absent registration under the Securities Act or pursuant to an
available exemption from such registration and applicable state or
local securities laws. This ad-hoc announcement and the information
contained herein may not be distributed or sent into the United
States, or in any other jurisdiction in which offers or sales of the
securities described herein would be prohibited by applicable laws
and should not be distributed to U.S. Persons or publications with a
general circulation in the United States. No offering of the Bonds or
shares of TUI is being made in the United States.

This ad-hoc announcement is not for general publication, release or
distribution in the United Kingdom and may only be distributed in the
United Kingdom to persons who (i) are investment professionals
falling within article 19(5) of the U.K. Financial Services and
Markets Act 2000 (Financial Promotion) Order 2005, in its current
version (the "Order"), or (ii) are high net worth entities or other
persons to whom it may lawfully be communicated falling within
article 49(2) (a) to (d) of the order (all such persons will be
termed "Relevant Persons" below). Anyone in the United Kingdom who is
not a Relevant Person may not act on the basis of this ad-hoc
announcement or its contents. Any investment or investment activity
to which this ad-hoc announcement refers is only available to
Relevant Persons and is only carried out with Relevant Persons.

end of announcement euro adhoc
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ots Originaltext: TUI AG
Im Internet recherchierbar: http://www.presseportal.de

Further inquiry note:

Investor Relations contact:

Björn Beroleit, phone +49 (0) 511 566 1310

Nicola Gehrt, phone +49 (0) 511 566 1435

Media contact:

Uwe Kattwinkel, phone +49 (0) 511 566 1417

Robin Zimmermann, phone +49 (0) 511 566 1488

Branche: Transport
ISIN: DE000TUAG000
WKN: TUAG00
Index: MDAX, CDAX, HDAX, Prime All Share
Börsen: Frankfurt / regulated dealing/prime standard
Berlin / regulated dealing
Hamburg / regulated dealing
Stuttgart / regulated dealing
Düsseldorf / regulated dealing
Hannover / regulated dealing
München / regulated dealing