Hanover, 17 February 2023

Capital reduction submitted to the commercial register for registration

At the Annual General Meeting of TUI AG on 14 February 2023, the shareholders approved a reduction of the share capital and thus a consolidation of shares at a ratio of 10:1 by a large majority (98.11 per cent). The capital reduction including the reverse stock split was submitted to the commercial register for registration on 16 February 2023 and became effective by publication on TUI's website.

TUI had previously issued around 1.79 billion shares. This number will now be reduced to around 179 million by the divisor ten – by combining 10 shares into one. TUI shareholders will be informed by their custodian banks in the coming week about this step and the corresponding implementation in their securities accounts.

In the event that the number of shares held is not divisible by 10, the procedure will be similar to that for a rights issue: The resulting partial rights can either be sold or partial rights are purchased in order to reach a number of shares divisible by 10. This step is also handled by the custodian banks on behalf of the shareholders. The conversion to the new share will take place from 24 February 2023, from which date only trading in the new share will be possible.

The consolidation of the shares is a prerequisite for the capital increase planned for the course of the year. The Group intends to use the proceeds to repay the state aid provided by the Economic Stabilisation Fund (WSF) until the end of the year. In addition, KfW's credit line is to be significantly reduced. TUI will provide information on the process for the planned capital increase in due course. A question and answer catalogue as well as information on the resolutions of the Annual General Meeting can be found here.

About TUI Group

The TUI Group is one of the world's leading tourism groups and operates worldwide. The Group is headquartered in Germany. TUI shares are listed in the Prime Standard of the Frankfurt Stock Exchange, in the regulated market of the Lower Saxony Stock Exchange in Hanover and in the FTSE 250, an index of the London Stock Exchange. TUI Group offers its 19 million customers integrated services from a single source and forms the entire tourism value chain under one roof. The Group owns over 400 hotels and resorts with premium brands such as RIU, TUI Blue and Robinson and 16 cruise ships, ranging from the MS Europa and MS Europa 2 in the luxury class and expedition ships in the HANSEATIC class to the Mein Schiff fleet of TUI Cruises and cruise ships operated by Marella Cruises in the UK. The Group also includes Europe's leading tour operator brands and online marketing platforms, for example for hotel-only or flight-only offers, five airlines with more than 130 modern medium- and long-haul aircraft and around 1,200 travel agencies. In addition to expanding its core business with hotels and cruises via successful joint ventures and activities in vacation destinations, TUI is increasingly focusing on the expansion of digital platforms. The Group is transforming itself into a global tourism platform company.

Global responsibility for sustainable economic, environmental and social action is at the heart of our corporate culture. With projects in 25 countries, the TUI Care Foundation initiated by TUI focuses on the positive effects of tourism, on education and training and on strengthening environmental and social standards. In this way, it supports the development of vacation destinations. The globally active TUI Care Foundation initiates projects that create new opportunities for the next generation.

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