euro adhoc: TUI AG / Dividend Announcements/Distribution / Earnings forecast for 2008 financial year confirmed / Supervisory Board approves suspension of dividend payment for the 2008 financial year /

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for the content of this announcement.
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10.12.2008

Hanover, 10 December 2008. TUI AG´s Executive Board confirmed the
expected performance for the current financial year to the
Supervisory Board at its regular meeting held today. A significant
rise in operating earnings (underlying EBITA) con-tinues to be
expected for the 2008 financial year. As already reported, the
restructuring expenses for the merger between First Choice Holidays
PLC and TUI´s tour-ism division will, however, cause a considerable
deviation between operating and reported earnings. Due to these
restructuring expenses, which will lead to a sustainable and
significant increase in its earnings potential in the following
years, the TUI Group expects net profits for the 2008 financial year
to be only slightly positive.

Against this background, the Executive Board proposed to the
Supervisory Board to suspend the dividend payment for the 2008
financial year. The Supervisory Board approved the proposal.
Servicing of the hybrid bond (ISIN DE 000TUAG059) will not be
affected.

Concerning the sale of Hapag-Lloyd AG, the Executive and Supervisory
Boards of TUI AG continue to back the announcement that the
shareholders will participate appropriately in the sales proceeds.
The transaction is expected to be completed in early 2009. A dividend
resulting from the transaction will thus have to be resolved in the
framework of the approval of the annual financial statements for the
2009 financial year.

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 14 35

Press 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
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Börse München / regulated dealing