TUI AG

Major Shareholding Notification • Apr 1, 2020

TUIAG (TUI) 31-March-2020 / 16:59 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

Acquisition/disposal of shares with voting rights
Acquisition/disposal of instruments
Change of breakdown of voting rights
XOther reason:
Change of aggregated holdings (Acting in concert)

3. Details of person subject to the notification obligation

Legal entity: Aberdeen Standard Capital Limited
City of registered office, country: Edinburgh, United Kingdom
Legal entity: Ignis Investment Services Limited
City of registered office, country: Edinburgh, United Kingdom
Legal entity: AberdeenAsset Managers Limited
City of registered office, country: Aberdeen, United Kingdom
Legal entity: AberdeenAsset Investments Limited
City of registered office, country: London, United Kingdom
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:

20 Feb 2020

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	5.02 %	0.00 %	5.02 %	589020588
Previous notification	3.006 %	0.00 %	3.006 %	/

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)
DE000TUAG000	0		29545999		0.00 %		5.02 %
Total	29545999		5.02 %

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	% of voting rights (if at least 3% or more)	% of voting rights through instruments (if at least 5% or more)	Total of both (if at least 5% or 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:

This notification highlights the aggregate number of voting rights held by the independent investment management entities within the Standard Life Aberdeen plc group

Date 27 March 2020

ISIN: DE000TUAG000 Category Code: HOL TIDM: TUI LEICode: 529900SL2WSPV293B552 OAM Categories:2.3. Major shareholding notifications Sequence No.: 55816 EQS News ID: 1012175

End ofAnnouncementEQS News Service