3 Taking into account the voluntary waiver of 30 % of fixed remuneration for the months April and May 2020 
 
4 Taking into account the additional voluntary waiver of 30 % of fixed remuneration for the months June and July 2020 due to national 
measures in UK 
 
5 Without insurance from group contracts 
 
6 The service contracts of the members of the Executive Board include - in accordance with the remuneration system adopted by the 
Supervisory Board in December 2019 - a malus and clawback provision. 
In financial year 2020 TUI AG has not made use of this provision. 
 
7 For Mr Joussen, Mr Ebel, Dr Eller and Mr Rosenbeger service costs acc. to IAS 19 and therefor not 'awarded and owed' remuneration' 
within the meaning of section 162 (1) sentence 1 AktG. 
For Mr Burling and Mrs Conix payments for pension contribution and therefor part of 'awarded and owed' remuneration in the meaning of 
section 162 (1) sentence 1 AktG 
 
Remuneration paid in accordance with the former version of the DCGK 
and "awarded and owed remuneration" pursuant to section 162 (1) 
sentence 1 AktG 
        Sebastian Ebel          Dr Elke Eller           Frank Rosenberger 
        Member of the           Member of the           Member of the 
        Executive Board,        Executive Board /       Executive Board, 
        since 12 December       Labour Director,        since 1 January 2017 
        2014                    since 15 October 
                                2015 
&euro   2019  2019  2020  2020  2019  2019  2020  2020  2019  2019  2020  2020 
'000          2           2           2           2           2           2 
Fixed   680.0 68.9  646.0 68.0  680.0 62.0  646.0 62.3  600.0 54.4  570.0 57.2 
remuner       %           %           %           %           %           % 
ation 3 
Fringe  18.0  1.8 % 18.0  1.8 % 55.4  5.1 % 34.4  3.3 % 87.4  7.9 % 18.0  1.8 % 
benefit 
s 5 
Total   698.0 70.7  664.0 69.9  735.4 67.1  680.4 65.6  687.4 62.3  588.0 59.0 
              %           %           %           %           %           % 
JEV     0.0   0.0 % 0.0   0.0 % 0.0   0.0 % 0.0   0.0 % 0.0   0.0 % 0.0   0.0 % 
LTIP 
LTIP    0.0   0.0 % 0.0         0.0   0.0 % 0.0         0.0   0.0 % 0.0 
(2016 - 
2019) 
LTIP    0.0         0.0   0.0 % 0.0         0.0   0.0 % 0.0         0.0   0.0 % 
(2017 - 
2020) 
Others  0.0   0.0 % 0.0   0.0 % 0.0   0.0 % 0.0   0.0 % 0.0   0.0 % 0.0   0.0 % 
Claw    0.0   0.0 % 0.0   0.0 % 0.0   0.0 % 0.0   0.0 % 0.0   0.0 % 0.0   0.0 % 
Back 
accordi 
ng to § 
162 
para. 1 
sen. 2 
no. 4 
AktG 6 
Total   698.0 70.7  664.0 69.9  735.4 67.1  680.4 65.6  687.4 62.3  588.0 59.0 
              %           %           %           %           %           % 
Pension 288.9 29.3  285.9 30.1  360.6 32.9  356.7 34.4  416.5 37.7  408.8 41.0 
/             %           %           %           %           %           % 
service 
costs 7 
Total   986.9 100.0 949.9 100.0 1,096 100.0 1,037 100.0 1,103 100.0 996.8 100.0 
remuner       %           %     .0    %     .1    %     .9    %           % 
ation 
 
1 Joint-CEO until 9 February 2016; member of the Executive Board since 15 October 2012. 
 
2 The percentages specified here refer to the 'awarded and owed' remuneration components in the respective financial year acc. to section 
162 (1) sentence 1 AktG. They thus include all remuneration 
components actually paid in the respective financial year, regardless for which financial year they have been paid to the members of the 
Executive Board. The percentages specified here are therefore 
not comparable to the percentages in the description of the remuneration system acc. to section 87a (1) No3 AktG which will be presented 
to the Annual General Meeting together with this remuneration 
report. The percentages indicated in the remuneration system correspond to the respective target values. 
 
3 Taking into account the voluntary waiver of 30 % of fixed remuneration for the months April and May 2020. 
 
4 Taking into account the additional voluntary waiver of 30 % of fixed remuneration for the months June to September 2020 due to national 
measures in UK. 
 
5 Without insurance from group contracts. 
 
6 The service contracts of the members of the Executive Board include - in accordance with the remuneration system adopted by the 
Supervisory Board in December 2019 - a malus and clawback provision. 
In financial year 2020 TUI AG has not made use of this provision. 
 
7 For Mr Joussen, Mr Ebel, Dr Eller and Mr Rosenbeger service costs acc. to IAS 19 and therefor not 'awarded and owed' remuneration' 
within the meaning of section 162 (1) sentence 1 AktG. 
For Mr Burling and Mrs Conix payments for pension contribution and therefor part of 'awarded and owed' remuneration in the meaning of 
section 162 (1) sentence 1 AktG. 
 
Looking at the remuneration paid in accordance with former version of the DCGK as well as the "awarded and owed remuneration" in the 
meaning of section 161 (1) sentence 1 AktG" it becomes clear that there is no inflow from variable remuneration components for the 
current 1 members of the Executive Board: 
 
5.3 OTHER PAYMENTS / BENEFITS FOR PAST MEMBERS OF THE EXECUTIVE BOARD 
 
Mr Baier, who left the Executive Board of TUI AG on 30 September 2018, is entitled to a payout from the LTIP tranche from financial year 
2017 that expired as of 30 September 2020. The entitlement amount to &euro 47 k 2 and will be paid in December 2020. 
 
5.4 COMPARATIVE VIEW OF THE ANNUAL CHANGES TO THE REMUNERATION OF THE MEMBERS OF THE 
EXECUTIVE BOARD WITH EARNINGS PERFORMANCE AND THE AVERAGE REMUNERATION OF TUI AG 
EMPLOYEES 3 
 
The following table shows a comparison of the percentage change of the remuneration of the members of the Executive Board with the 
earnings performance of TUI AG and the average remuneration of the employees on FTE basis over the last five financial years. The

(END) Dow Jones Newswires

December 10, 2020 01:04 ET (06:04 GMT)