Prior to entering its close period ahead of reporting its full year results for the twelve months ending 30 September 2022 on 14 December 2022, TUI Group announces the following update on current trading.

• Overall Summer 2022 programme1 totals 12.9m bookings, an increase of 1.4m since Q3 update, with bookings at 91% of Summer 2019 levels. The key departure months of July and August closed at 94% of Summer 2019 levels
• Winter 2022/23 bookings1 are at an early stage and our current assumption is for a Winter programme close to normalised pre-pandemic levels with the option to flexibly adjust capacity in line with customer demand. We will leverage our flexible and integrated business model to ensure we provide our customers not only with the best winter holiday experience but also the assurance that TUI remains the best choice for holiday travel
• Against this background, Winter 2022/23 bookings1 stand at 78% of Winter 2018/19 levels with the near departure months of November and December at 81%. To date Winter ASP is higher at 26%

• For financial year 2022, we re-confirm our expectations to return to significant positive underlying EBIT2 and also remain committed to deliver our mid-term ambitions: underlying EBIT to significantly build on FY193, driven by both top line growth and GRP4 benefits and to return to a gross leverage ratio5 of less than 3.0x