TUI AG

Director's Dealing • Jan 9, 2018

TUIAG (TUI)

09-Jan-2018 / 16:20 CET/CEST Dissemination of a RegulatoryAnnouncement, transmitted by EQS Group. The issuer is solely responsible for the content of this announcement.

TUI AG PDMR Interest in Shares

Execuon of Phantom Share Awards under a TUI AG Long Term Incenve Plan

TUI AG (the "Company") announces thatMr Sebasan Ebel,a member of the Company'sExecuve Board,and Mr Wolfgang Flintermann,a member of the Company's Supervisory Board, have, respecvely, exercised phantom share awards ("Awards") as set out in the table below on 8 January 2018 granted underaLongTerm Incenve Plan.

The cash payments due will be calculated by reference to the average closing share price for TUI AG on the Frankfurt Stock Exchange over a period of 20 trading days immediately followingthe date of exercise of the Awards.

Name of PDMR	Corporate Body	Number of Awards
Sebasan Ebel	Execuve Board	6,275
WolfgangFlintermann Supervisory Board		9,678

ISIN: DE000TUAG000, DE000TUAG299 Category Code: DSH TIDM: TUI LEICode: 529900SL2WSPV293B552 OAM Categories:3.1.Additional regulated information required to be disclosed under the laws of a Member State Sequence No.: 5085

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