TUI AG announcement

TUI AG announcement

TUI AG places new shares from cash capital increase with gross proceeds of approximately EUR 425 million to further reduce government financing

Inside Information according to Article 17 MAR and Article 17 of UK MAR

Hanover, 17 May 2022. TUI AG (the “Company”, ISIN DE000TUAG000) has successfully placed 162,291,441 new no-par value ordinary registered shares (“New Shares”) with institutional investors at a placement price of EUR 2.62 per new share by way of an accelerated bookbuilding, resulting in gross proceeds of approximately EUR 425 million. The Company will increase its current share capital by approximately 10% from EUR 1,622,914,412.00 to EUR 1,785,205,853.00 through a partial exercise of its authorised capital. Shareholders’ subscription rights were excluded.

The New Shares shall be admitted without a prospectus to the premium listing segment of the Official List of the FCA in the form of depositary interests and to trading on the Main Market for listed securities of the London Stock Exchange as well as to the regulated market segment (Regulierter Markt) of the Hannover Stock Exchange and are expected to be, included and admitted to trading on the Open Market segment (Freiverkehr) of the Frankfurt Stock Exchange with trading over the electronic platform Xetra on or around 24 May 2022. Delivery of the New Shares to investors is expected to occur on 24 May 2022.

The Company has agreed to a lock-up of 90 days, subject to customary exceptions.