Thomas Cook Regulatory News (TCG)

4 Dec 2008 15:50



THOMAS COOK GROUP STATEMENT RE: ARCANDOR APPOINTMENT

Notes Arcandor CEO Designate and intention to maintain existing portfolio

The Board of Thomas Cook Group notes that today its 52.8 % shareholder Arcandor AG has issued a press release that confirms the appointment of Dr. Karl-Gerhard Eick as CEO and Chairman of the Management Board of Arcandor.

In the release Friedrich Carl Janssen, Chairman of the Supervisory Board of Arcandor AG, is quoted as saying "At Arcandor, Dr Eick will ensure that corporate development continues and remains focused on the future keeping the existing portfolio structure. I look forward to working with him."

The Board of Thomas Cook Group welcomes this clarification of Arcandor's intentions regarding its shareholding in Thomas Cook.

-ENDS-

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About Thomas Cook Group plc 

Thomas Cook Group plc is one of the world's leading leisure travel groups with sales of around £9 billion (€12 billion), 21.2 million customers, 28,000 employees, a fleet of 93 aircraft, a network of over 3,150 owned and franchised travel stores, hotels and resort properties. It operates under five segments : UK & Ireland; Continental Europe (Germany, Austria, Belgium, France, the Netherlands, Poland, Hungary, Slovenia and Slovakia); Northern Europe (Sweden, Norway, Denmark, Finland), North America (Canada and USA); and German airlines operating under the Condor brand.