TUI AG Regulatory News (TUI)

Announcement of purchase of own shares in the course of the employee shareparticipation program 'oneShare'

Hanover, 10 August 2018

The Executive Board of TUI AG, having its corporate seat in Hanover andBerlin, ISIN: DE000TUAG000, has resolved to buy back up to 59,196 ownshares (the 'Shares') pursuant to Section 71(1) No. 2 German Joint StockCorporation Act (Aktiengesetz - AktG). The Shares bought back shall betransferred to employees of TUI Group participating in the employee shareparticipation program 'oneShare'.

The shares are supposed to be purchased in the period of time between 13August 2018 until 16 August 2018 for a maximum total purchase price of EUR1,100,000.00 (without transaction costs). The 59,196 shares to be purchasedwould result in an estimate total purchase volume of EUR 1,015,211.40without transaction costs) on the basis of share price of EUR 17.15 (XETRAclosing price of 9 August 2018).

The shares purchased shall be transferred to the employees participating in'oneShare' immediately after the completion of the buyback. Consequently,the buyback will have no impact in the number of shares attracting adividend. The share buyback thus serves to meet obligations arising fromshare option program, under Art. 5(2) lit. c) Regulation (EU) No 596/2014of the European Parliament and the Council of 16 April 2014 ('MAR').

A credit institution was retained to carry out the buyback on behalf of TUIAG. This institution shall make its decisions regarding the buybackindependently and uninfluenced by TUI AG. TUI AG's right to earlytermination of the mandate shall remain unaffected. The buyback may besuspended, discontinued and resumed at any time in compliance with theapplicable statutory provisions.

The buyback is to be carried out at the best price and in the best interestof TUI AG. It shall be carried out exclusively via the stock exchange inelectronic trading through the Frankfurt Stock Exchange (Xetra).

The buyback shall be performed in compliance with the safe harbor rules ofArt. 5 MAR and Art. 2-4 of Delegated Regulation (EU) of the Commission No2016/1052 of 8 March 2016. Accordingly, no purchase price may be paid whichexceeds the price of the last independent trade or the highest independentbid placed at the time of the purchase on the stock exchange on which thepurchase is carried out, whichever value is the higher. Orders are notplaced during the auction phase and orders placed prior to the start of anauction phase are not changed during this phase. The retained creditinstitution shall, furthermore, acquire no more than 25% of the averagedaily volume of shares on the stock exchange on which the purchase iscarried out. The average volume of shares is calculated based on theaverage daily trade volume of the 20 trading days preceding the specificdate of purchase.

Because of TUI AG's listing at the London Stock Exchange the buyback isalso performed in accordance with the stock exchange rules of the UnitedKingdom. As a consequence, shares shall only be purchased if the purchaseprice is lower than the average market value of the shares for fivebusiness days prior to the day on which the purchase shall be made (UKListing Rule 12.4.1).

Transactions executed in the course of the buyback will be disclosed in amanner consistent with the applicable legal requirements.

Furthermore, TUI AG will report on the buyback on a regular basis on itswebsite athttps://www.tuigroup.com/en-en/investors/share/employee-share-participation-programme.

TUI AGThe Executive Board