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 the world’s leading integrated tourism group operating in more than 100 destinations worldwide. The company is headquartered in Germany. The TUI Group’s share is listed in the FTSE 250 index and in the German open market.

In financial year 2019, TUI Group recorded turnover of around €19bn and an operating result of €893m. The Group employs more than 70,000 people worldwide. TUI offers its 28 million customers, including 21 million customers in European national companies, integrated services from a single source. It covers the entire tourism value chain under one roof. This comprises more than 400 hotels and resorts with premium brands such as RIU, TUI Blue and Robinson as well as 18 cruise ships ranging from the MS Europa and MS Europa 2 luxury class vessels and expedition ships to the Mein Schiff fleet of TUI Cruises and the vessels of Marella Cruises in the UK. The Group also includes leading European tour operator brands, five airlines with 150 modern medium- and long-haul aircraft and 1,600 travel agencies. Apart from the expansion of its core business with hotels, cruises and destination activities, TUI is increasingly investing in digital platforms. The Group is transforming as a digital company.

Global responsibility for sustainable economic, ecological and social activity is a key feature of our corporate culture. TUI Care Foundation, initiated by TUI, promotes the positive effects of tourism, education and training as well as environmental and social standards with projects in 25 countries. It thus contributes to the development of the holiday destinations. TUI Care Foundation, operating around the world, initiates projects creating new opportunities for the next generation.