Hannover/Hamburg, March 23, 2009. Ad-hoc report in accordance with § 15 of the Securities Trade Act. TUI AG concluded the sale of Hapag-Lloyd AG to „Albert Ballin“ Holding GmbH & Co. KG today. The sea carrier was sold at a company value of 4.45 billion euros. In return, TUI AG has taken a holding of 43.33 percent in the buying company.

With the transfer of ownership, TUI AG gained 1.6 billion euros in liquidity. In order to guarantee the financial stability of Hapag-Lloyd Group after the transfer of ownership, TUI AG will be providing additional credit facilities amounting to a total volume of up to 1.1 billion euros for a limited period of time and at the usual market conditions. TUI expects this credit to be utilized to a large extent.