EANS-Adhoc: TUI AG / Impact of the successful Hapag-Lloyd refinancing transactions on TUI AG / TUI AG issued 100 million euros of private placements

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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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financing

02.10.2010

Hanover, 1 October 2010. Hapag-Lloyd today placed approximately 700
million US dollars (equivalent) senior notes in the capital market.
In response to the strong investor demand, Hapag-Lloyd increased the
originally considered note issue volume of 500 million US dollars by
200 million US dollars. In addition, Hapag-Lloyd entered into a
syndicated credit line of 360 million US dollars.

Beforehand, Hapag-Lloyd had terminated the state loan guarantee and
thus the payment restrictions imposed by such guarantee ceased to
exist. Therefore, Hapag-Lloyd resumes interest and redemption
payments on the financing instruments granted by TUI.

TUI expects payments from Hapag-Lloyd of around 65 million euros on
deferred interest as well as the 227 million euros redemption payment
of the bridge loan at the beginning of November 2010.

In addition, Hapag-Lloyd intends to use a portion of the proceeds of
the notes to make a repayment of Hybrid III in the near future
subject to compliance with certain contractual liquidity requirements
and financial ratios.

Furthermore, as per end of September, TUI has issued 100 million
euros of private placements with maturity in August 2014. The
envisaged Hapag-Lloyd repayments and the new private placements
enhance TUI´s liquidity position.

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.

The Senior Notes will not be or have not been registered under the
U.S. Securities Act of 1933, as amended (the "Securities Act") and
may not be offered or sold in the United States absent registration
or an applicable exemption from the registration requirements of the
Securities Act.

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