TUI AG

Major Shareholding Notification • Feb 26, 2020

TUIAG (TUI) 25-Feb-2020 / 18:02 CET/CEST Dissemination of a RegulatoryAnnouncement, transmitted by EQS Group. The issuer is solely responsible for the content of this announcement.

Notification of Major Holdings

1. Details of issuer

Name:	TUIAG
Street:	Karl-Wiechert-Allee 4
Postal code:	30625
	Hannover
City:	Germany
	Legal Entity Identifier (LEI):529900SL2WSPV293B552

2. Reason for notification

XAcquisition/disposal of shares with voting rights
Acquisition/disposal of instruments
Change of breakdown of voting rights
Other reason:

3. Details of person subject to the notification obligation

Legal entity: Standard Life Investments Limited City of registered office, country: Edinburgh, United Kingdom

4. Names of shareholder(s)

holding directly 3% or more voting rights, if different from 3.

5. Date on which threshold was crossed or reached:

05 Dec 2019

6. Total positions

	% of voting rights attached to shares (total of 7.a.)	% of voting rights through instruments (total of 7.b.1 + 7.b.2)	Total of both in % (7.a. + 7.b.)	Total number of voting rights pursuant to Sec. 41 WpHG
New	4.13 %	0.00 %	4.13 %	589020588
Previous notification	n/a %	0 %	n/a %	/

7. Details on total positions

a. Voting rights attached to shares (Sec. 33, 34 WpHG)

ISIN	Absolute		In %
	Direct Indirect		Direct	Indirect
	(Sec. 33 WpHG)	(Sec. 34 WpHG)	(Sec. 33 WpHG)	(Sec. 34 WpHG)
	0	24325934	0 %	4.13 %
Total		24325934		4.13 %

b.1. Instruments according to Sec. 38 (1) no. 1 WpHG

	Type of instrumentExpiration or maturity dateExercise or conversion periodVoting rights absoluteVoting rights in %
		0	0.00 %
	Total	0	0.00 %

b.2. Instruments according to Sec. 38 (1) no. 2 WpHG

Type of	Expiration or maturity	Exercise or conversion	Cash or physical	Voting rights	Voting rights in
instrument	date	period	settlement	absolute	%
				0	0.00 %
			Total	0	0.00 %

8. Information in relation to the person subject to the notification obligation

X Person subject to the notification obligation is not controlled nor does it control any other undertaking(s) that directly or indirectly hold(s) an interest in the (underlying) issuer (1.).

Full chain of controlled undertakings starting with the ultimate controlling natural person or legal entity:

Name	more)	more)	more)

9. In case of proxy voting according to Sec. 34 para. 3 WpHG

(only in case of attribution of voting rights in accordance with Sec. 34 para. 1 sent. 1 No. 6 WpHG)

Date of general meeting: Holding total positions after general meeting (6.) after annual general meeting: Proportion of voting rightsProportion of instrumentsTotal of both % % %

10. Other explanatory remarks:

Date 24 Feb 2020

ISIN: DE000TUAG000 Category Code: HOL TIDM: TUI LEICode: 529900SL2WSPV293B552 OAM Categories:2.3. Major shareholding notifications Sequence No.: 48717 EQS News ID: 983241

End ofAnnouncementEQS News Service