TT. Tui Travel

    RNS Number : 7339F
  TUI Travel PLC
  13 October 2008
   

    Not for release, publication or distribution in whole or in part in or into Australia, Canada, United States of America or Japan, or any
other jurisdiction where to do so would constitute a violation of the relevant laws of such jurisdiction

    Ad hoc announcement according to section 15 of the German Securities Trading Act TUI AG Supervisory Board approved the sale of
Hapag-Lloyd AG 
    Hanover, October 12, 2008  
    At its meeting held today, the Supervisory Board of TUI AG approved the sale of all shares in Hapag-Lloyd AG to a subsidiary of Albert
Ballin KG at an enterprise value of 4.45 billion euro. At the same time, the Supervisory Board approved the acquisition of a 33.33 per cent
entrepreneurial stake in the new company at a purchase price of 700 million euro. The sale is subject to approval by the anti-trust
authorities.  
    The Supervisory Board also approved payment of an appropriate special dividend to the TUI AG shareholders following the completion of
the sale. The amount to be distributed for the 2008 financial year will be determined in the framework of the preparation of the annual
financial statements.  
    The Group's strong liquidity and financial situation resulting from the sale will open up investment opportunities for further expansion
of TUI AG's tourism business. The options explored in this connection also include a takeover of the outstanding shares in TUI Travel PLC. 

    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.  
    This press release is also available at www.tui-group.com.
    Investor relations contact  
    Bj Beroleit, phone +49 (0) 511 566 1310
Nicola Gehrt, phone +49 (0) 511 566 1435 
    Group Communications contact  
Uwe Kattwinkel, phone +49 (0) 511 566 1417 
Robin Zimmermann, phone +49 (0) 511 566 1488

This information is provided by RNS
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