Hanover, 15 January 2021

TUI AG announces early redemption of €300 million Senior Bond 2016/2021

TUI AG has announced that it will redeem the outstanding Senior Bond (Oct 2016 - Oct 2021) of 300 million euros early in accordance with the terms and conditions of the bond. The redemption on 23 February 2021 will be made at the nominal amount plus accrued interest and a contractually agreed premium.

The repayment will be made from the funds already available from the capital increase approved at the Extraordinary General Meeting on 5 January 2021.

In accordance with the agreement on the loans granted by KfW in the framework of the three financing packages for TUI, the early redemption of the senior bond extends the maturities. The KfW loans from the stabilisation packages (totalling € 3.05 billion) will thus not mature until July 2022.

Detailed information on the early redemption is available on the Investor Relations website.

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.