Hanover, 12 December 2017

Dr Dieter Zetsche to succeed Professor Klaus Mangold as Chairman of the Supervisory Board of TUI AG in 2018

Dr Dieter Zetsche, Chairman of the Executive Board of Daimler AG, is to become the new Chairman of the Supervisory Board of the world's leading tourism group TUI as of 1 October 2018.

The Supervisory Board of TUI AG today decided to approve the nomination of Dr Dieter Zetsche as a new member of the Supervisory Board to the TUI Annual General Meeting on 13 February 2018. The previous Chairman of the Supervisory Board, Professor Dr Klaus Mangold intends to end his term of office as Chairman of the Supervisory Board at the end of the 2018 financial year. On 1 October 2018, it is planned for Dr Zetsche to succeed Professor Dr Klaus Mangold as Chairman of the Supervisory Board. Professor Dr Mangold has been a member of the TUI Supervisory Board since 2009 and its Chairman since 2011. He was most recently elected at the 2016 Annual General Meeting for a five-year term.

"With Dr Zetsche, we are gaining the services of a highly-regarded top manager for the Supervisory Board and as my successor as its Chairman. He embodies internationality and a strong feeling for the management of outstanding brands. The Supervisory and Executive Boards can benefit from his extensive experience in an international corporate environment. For me personally it was important to arrange my succession as early as possible and to professionally ensure the transition. TUI is well-positioned. The company is economically healthy and is today the leading tourism group worldwide. The integration of the former British tourism subsidiary has been completed. Therefore, autumn 2018 is the right time for the change at the top of the Supervisory Board", explained Professor Dr Klaus Mangold.

Dr Dieter Zetsche was born in 1953 in Istanbul. He studied electrical engineering, graduating at the University of Karlsruhe and was later awarded his doctorate at the University of Paderborn. In 1976, Dr Zetsche joined the research department of the former Daimler-Benz AG. Since December 1998, Dr Zetsche has been a member of the Group Executive Board and, since 1 January, 2006, Chairman of the Executive Board of Daimler AG. He is also heading the Mercedes-Benz Cars business unit.

About TUI Group

The TUI Group is the world's leading tourism group and operates worldwide. The Group is headquartered in Germany. The TUI share is listed on the FTSE 250, the leading index of the London Stock Exchange, and on the Regulated Unofficial Market in Germany.

The TUI Group offers integrated services from a single source for its 28 million customers, 21 million of whom are in the European national companies. The entire tourism value chain is represented under one roof. This includes over 400 hotels and resorts with premium brands such as RIU, TUI Blue and Robinson and 15 cruise ships, from the MS Europa and MS Europa 2 in the luxury class and expedition ships to the Mein Schiff fleet of TUI Cruises and cruise ships at Marella Cruises in England. The Group also includes Europe's leading tour operator brands and online marketing platforms, five airlines with more than 100 modern medium and long-haul aircraft and over 1,000 travel agencies. Besides the expansion of its core business with hotels, cruises via successful joint ventures and activities in holiday destinations, TUI is increasingly focusing on the expansion of digital platforms. The Group is transforming itself into a digital company.

Global responsibility for sustainable economic, ecological and social action is at the core of our corporate culture. With projects in 25 countries, the TUI Care Foundation initiated by TUI focuses on the positive effects of tourism, education and training and the strengthening of environmental and social standards. It thus supports the development of holiday destinations. The globally active TUI Care Foundation initiates projects that create new opportunities for the next generation.

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