19 March 2018

Capital Market Transaction

This document is not an offer of securities for sale in the United States. The securities to which this document relates have not been and will not be registered under the United States Securities Act of 1933, as amended (the “Securities Act”) and may not be offered or sold in the United States absent registration or an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act. There will be no public offering of the securities in the United States.

19 March 2018

Capital Market Transaction

TUI AG is planning a EUR denominated capital market transaction of intermediate maturity, and will therefore hold a credit investor call today. The timing of the transaction will be subject to market conditions. The proceeds are intended to be used for general corporate purposes.

Update on TUI bond issuance and modernisation of TUI Airline