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.

Sebastian Ebel

Executive Board

6,275

Wolfgang Flintermann

Supervisory Board

9,678