Director/PDMR Shareholding

TUI AG

DIRECTOR / PDMR SHAREHOLDING

Purchase of Depositary Interests underlying TUI AG shares ("DIs") under the TUI AG Share Incentive Plan

In accordance with DTR 3.1, TUI AG was notified on 17 November 2015 that William Waggott and David Burling, both members of the Executive Board of TUI AG, had purchased 205 and 120 DIs respectively at £10.91 each under the terms of the TUI AG Share Incentive Plan. The purchases were made on the London Stock Exchange on 16 November 2015. An irrevocable instruction to purchase the shares was given by both William Waggott and David Burling before TUI AG entered into its current close period on 11 October 2015.

 18 November 2015