EANS-Adhoc: TUI AG / Early repayment of the shareholder loan by TUI Travel initiated / Adjustment of the repayment schedule for the shareholder loan / TUI intends to buy TUI Travel shares to avoid dil

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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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29.09.2009

Hanover, 29 September 2009. TUI AG and TUI Travel PLC have agreed to
adjust the repayment schedule for the shareholder loan granted by
TUI. Further repayment is to be continued through the placement of a
convertible bond announced today and the raising of additional bank
facilities by TUI Travel. The residual amount of the loan, originally
accounting for 2 billion euros, currently stands at around 1 billion
euros, due as per 15 January 2011 to date.

Following the completion of the issue of the convertible bond, the
new repayment schedule for the shareholder loan is as follows:

• 100 million euros as per 30 September 2009
• 250 million euros as per 1 April 2010
• 509 million euros by 1 December 2010 at the latest
• 160 million euros as per 30 April 2011

Against the background of the convertible bond to be issued by TUI Travel as
announced today, TUI intends to purchase a sufficient number of TUI Travel
shares to avoid a dilution in the event of the exercise of all conversion rights
for the planned TUI Travel convertible bond.

Should TUI Travel acquire shares in Air Berlin due to cooperation in
the German airline market, TUI intends to take over these shares by
means of setting them off against the shareholder loan.

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.

Ende der Mitteilung 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