9. Januar 2018

PDMR Interest in Shares

Execution of Phantom Shares Awards under a TUI AG Long Term Incentive Plan

TUI AG (the “Company”) announces that Mr Sebastian Ebel, a member of the Company’s Executive Board, and Mr Wolfgang Flintermann, a member of the Company’s Supervisory Board, have, respectively, exercised phantom share awards (“awards”) as set out in the table below on 8 January 2018 granted under a Long Term Incentive Plan.

The cash payments due will be calculated by reference to the average closing share price for TUI AG on the Frankfurt Stock Exchange over a period of 20 trading days immediately following the date of exercise of the award.

Name of PDMR

Corporate Body

Number of Awards

Sebastian Ebel

Executive Board

6,275

Wolfgang Flintermann

Supervisory Board

9,678