21 June 2019

Change in the shareholder structure of TUI AG

Alexey Mordashov has transferred 65% of his stake in Unifirm, which in turn holds 24.99% of TUI AG shares, to the KN-Holding. The KN-Holding is owned by Kirill Mordashov and Nikita Mordashov, the sons of Alexey Mordashov.

Mr Mordashov has informed TUI that the main aim of the transfer of the stake is succession - an opportunity for Mr Kirill Mordashov and Mr Nikita Mordashov to gain asset management experience and business knowledge. According to him, Mr Mordashov has done a similar transaction several weeks ago with the company Nordgold.

Alexey Mordashov is a long-term shareholder of TUI AG since 2007. He will remain a Member of the Supervisory board of TUI AG.

After the shares have been transferred to the company of Kirill and Nikita Mordashov, TUI AG welcomes the second generation of the family amongst its shareholders.

About TUI Group

TUI Group is one of the world's leading tourism groups and operates worldwide. The Group is headquartered in Germany. TUI shares are listed on the FTSE 250, an index of the London Stock Exchange, on the regulated market of the Hanover Stock Exchange and on the Open Market segment of the Frankfurt Stock Exchange. The TUI Group offers integrated services from a single source for its 27 million customers, 21 million of them in the European national companies.

The entire tourism value chain is covered under one roof. This includes over 400 hotels and resorts with premium brands such as RIU, TUI Blue and Robinson and 16 cruise ships, from the MS Europa and the 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 Great Britain. The Group also includes leading tour operator brands and online marketing platforms across Europe, five airlines with more than 100 modern medium and long-haul aircraft and over 1,000 travel agencies. In addition to expanding 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. The TUI Care Foundation, initiated by TUI, focuses on the positive effects of tourism, on education and training and on strengthening environmental and social standards with projects in 25 countries. It thus supports holiday destinations in their development.