EANS-Adhoc: TUI AG / Extraordinary Supervisory Board meeting of TUI AG

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ad-hoc disclosure pursuant to section 15 of the WpHG transmitted by euro
adhoc with the aim of a Europe-wide distribution. The issuer is solely
responsible for the content of this announcement.
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Financing

03.03.2011

TUI sells 11.33 per cent of Hapag-Lloyd stake to Albert Ballin
consortium

General authorisation of the Executive Board for potential IPO of
Hapag-Lloyd

Hanover/Hamburg, 3 March 2011. At its extraordinary meeting held
today, the Supervisory Board of TUI AG resolved to reduce its stake
in Hapag-Lloyd. TUI AG sells 11.33 per cent of its shares in
Hapag-Lloyd to the Albert Ballin consortium. These shares have
resulted from the conversion of the Hybrid I loan into equity in
Hapag-Lloyd as per the end of the year 2010. The consortium thus
exercises its option resolved in September 2010. The purchase price
for these shares totals 315 million euro. In the event of an IPO of
Hapag-Lloyd, the purchase price paid by the Albert Ballin consortium
will increase by up to 35 million euro (earn out) if certain
conditions are met. The sale of shares is subject to approval by the
shareholders´ meeting of Hamburgische Seefahrtsbeteiligung "Albert
Ballin" GmbH & Co. KG.

Following the closing of the transaction in May 2011, TUI will hold a
38.4 per cent stake in Hapag-Lloyd representing capital employed of
1.71 billion euro (1.18 billion euro in equity / 530 million euro in
loans and hybrid capital).

At today´s meeting, the Supervisory Board also authorised the
Executive Board as a matter of principle to sell further shares in
Hapag-Lloyd in the framework of an IPO.

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 Kontakt:
Björn Beroleit, Telefon: +49 (0) 511 566 1310
Nicola Gehrt, Telefon: +49 (0) 511 566 1435

Media Kontakt:
Uwe Kattwinkel, Telefon: +49 (0) 511 566 1417
Robin Zimmermann, Telefon: +49 (0) 511 566 1488

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