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

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.