Hanover - TUI AG has announced that it will redeem the outstanding Senior Bond (Oct 2016 - Oct 2021) of 300 million euros early in accordance with the terms and conditions of the bond. The redemption on 23 February 2021 will be made at the nominal amount plus accrued interest and a contractually agreed premium.

The repayment will be made from the funds already available from the capital increase approved at the Extraordinary General Meeting on 5 January 2021.

In accordance with the agreement on the loans granted by KfW in the framework of the three financing packages for TUI, the early redemption of the senior bond extends the maturities. The KfW loans from the stabilisation packages (totalling EUR 3.05 billion) will thus not mature until July 2022.

Detailed information on the early redemption is available on the Investor Relations website.

ABOUT TUI GROUP

The TUI Group is the world's leading tourism group and operates worldwide. The Group is headquartered in Germany. The TUI share is listed on the FTSE 250, the leading index of the London Stock Exchange, and on the Regulated Unofficial Market in Germany.

The TUI Group offers integrated services from a single source for its 28 million customers, 21 million of whom are in the European national companies. The entire tourism value chain is represented under one roof. This includes over 400 hotels and resorts with premium brands such as RIU, TUI Blue and Robinson and 15 cruise ships, from the MS Europa and MS Europa 2 in the luxury class and expedition ships to the Mein Schiff fleet of TUI Cruises and cruise ships at Marella Cruises in England. The Group also includes Europe's leading tour operator brands and online marketing platforms, five airlines with more than 100 modern medium and long-haul aircraft and over 1,000 travel agencies. Besides the expansion of its core business with hotels, cruises via successful joint ventures and activities in holiday destinations, TUI is increasingly focusing on the expansion of digital platforms. The Group is transforming itself into a digital company.

Global responsibility for sustainable economic, ecological and social action is at the core of our corporate culture. With projects in 25 countries, the TUI Care Foundation initiated by TUI focuses on the positive effects of tourism, education and training and the strengthening of environmental and social standards. It thus supports the development of holiday destinations. The globally active TUI Care Foundation initiates projects that create new opportunities for the next generation.

Kuzey Esener

Kuzey Esener

Corporate Spokesperson/Head of Media Relations

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