By partly using the authorised capital in accordance with Section 4 paragraph 4 of the Charter of TUI AG, the Executive Board decided in August 2016 with the approval of the Supervisory Board to increase the share capital of the company with exclusion of subscription rights. The share capital of €1,500,090,746.64 was increased by € 648,548.19 by issuing 253,690 new registered, no-par-value shares to employees of the company and its Group subsidiaries. The increase in share capital was registered in the Commercial Register of the Local Court of Berlin-Charlottenburg (HRB 321) on 06/09/2016 and in the Commercial Register of the Local Court of Hanover (HRB 6580) on 09/09/2016 and effectively increased the share capital of the company to € 1,500,739,294.83 which is divided into 587,038,187 shares.