TUI AG (the 'Company') announces that phantom share awards ('Awards') were granted to its members of the Executive Board as set out in the table below under TUI AG's Long Term Incentive Plans.

The Awards were granted with retroactive effect to 1 October 2018 at a base price of EUR 15.46 per share. This share price equals the average XETRA price of TUI AG shares over a period of 20 trading days prior to the date of grant.

Name of the PDMR

Corporate Body

Number of Awards

Friedrich Joussen

Executive Board

118,370

Birgit Conix

Executive Board

59,508

David Burling

Executive Board

59,508

Sebastian Ebel

Executive Board

59,508

Dr Elke Eller

Executive Board

56,274

Frank Rosenberger

Executive Board

49,483

The Awards were granted in accordance with the terms of the respective service contracts and will vest and be paid in cash subject to (i) a TSR and an EPS performance target, respectively, determined over a 4-year performance period; and (ii) the share price at the date of vesting.

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TUI AG published this content on 04 October 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 04 October 2018 13:42:05 UTC