euro adhoc: TUI AG / Strategic management decisions / TUI AG Supervisory Board approved the sale of Hapag-Lloyd AG

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Disclosure announcement transmitted by euro adhoc. The issuer is responsible
for the content of this announcement.
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12.10.2008

TUI AG Supervisory Board approved the sale of Hapag-Lloyd AG

Hanover, 12 October 2008. At its meeting held today, the Supervisory
Board of TUI AG approved the sale of all shares in Hapag-Lloyd AG to
a subsidiary of Albert Ballin KG at an enterprise value of 4.45
billion euro. At the same time, the Supervi-sory Board approved the
acquisition of a 33.33 per cent entrepreneurial stake in the new
company at a purchase price of 700 million euro. The sale is subject
to approval by the anti-trust authorities.

The Supervisory Board also approved payment of an appropriate special
dividend to the TUI AG shareholders following the completion of the
sale. The amount to be distributed for the 2008 financial year will
be determined in the framework of the preparation of the annual
financial statements.

The Group´s strong liquidity and financial situation resulting from
the sale will open up investment opportunities for further expansion
of TUI AG´s tourism business. The options explored in this connection
also include a takeover of the outstanding shares in TUI Travel PLC.

Some of the information in this press release may contain
predictions, expectations or forward-looking statements. These
statements may entail known or unknown risks or uncertainties. Actual
results and developments may therefore differ materially from the
expressed expectations and assumptions. The performance of financial
markets, the development of exchange rates, amendments to national
and international laws, in particular concerning tax regulations, may
also have an impact. Except as provided by law, the Company
undertakes no obligation to update forward-looking statements.

end of announcement euro adhoc
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ots Originaltext: TUI AG
Im Internet recherchierbar: http://www.presseportal.de

Further inquiry note:

Investor relations contact:

Björn Beroleit, phone +49(0)511 566-1310

Nicola Gehrt, phone +49(0)511 566-1435

Group Communications contact:

Uwe Kattwinkel, phone +49(0)511 566-1417

Robin Zimmermann, phone +49(0)511 566-1488

Branche: Transport
ISIN: DE000TUAG000
WKN: TUAG00
Index: MDAX, CDAX, HDAX, Prime All Share
Börsen: Börse Frankfurt / regulated dealing/prime standard
Börse Berlin / regulated dealing
Börse Hamburg / regulated dealing
Börse Stuttgart / regulated dealing
Börse Düsseldorf / regulated dealing
Börse Hannover / regulated dealing
Börse München / regulated dealing