EANS-Adhoc: TUI AG / Impact on TUI AG of the offering of additional senior notes by Hapag-Lloyd in the context of the refinancing transactions

--------------------------------------------------------------------------------
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.
--------------------------------------------------------------------------------

Financing

25.10.2010

Hanover, 25 October 2010. Due to strong investor demand for the
Hapag-Lloyd issuance of approximately 700 million US dollars
(equivalent) senior notes on 8 October, Hapag-Lloyd today placed
additional senior notes in the amount of approximately 150 million
euros in the capital market.

Against the background of the enhanced liquidity position of
Hapag-Lloyd, TUI AG now expects a repayment in full of the Hybrid III
(TUI portion 215 million euros) by the end of the year 2010 subject
to compliance with certain contractual liquidity requirements and
financial ratios at Hapag-Lloyd.

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
--------------------------------------------------------------------------------

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