7 December 2016

PDMR Interest in Shares

Vesting of Phantom Shares Awards under the TUI AG Long Term Incentive Plan

TUI AG (“the Company”) announces that the phantom share awards (“Awards”) granted under the Company’s Long Term Incentive Plan set out in the table below which vested on 30 September 2016 became payable on 07 December 2016, after the adoption of the annual accounts for financial year 2015/16 in accordance with the terms of the respective service agreements of the respective PDMRs. The Awards, which will be paid in cash, vested at a value of € 12.36 ¹ per share.

Name of the PDMR

Corporate Body

Number of Phantom Shares

Friedrich Joussen

Executive Board


Horst Baier

Executive Board


1       Average XETRA price of TUI AG shares over the 20 trading days prior to the date of vesting.