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TUI AG

euro adhoc: TUI AG
Mergers - Acquisitions - Takeovers
TUI offer for CP Ships successful

  Disclosure announcement transmitted by euro adhoc.
  The issuer is responsible for the content of this announcement.
19.10.2005
Hanover, 19 October 2005 - TUI AG announced today that shareholders
holding more than 66EUR% of the outstanding CP Ships shares on a
fully-diluted basis have accepted the Offer dated August 30, 2005 of
Ship Acquisition Inc., an indirect wholly-owned subsidiary of TUI,
for 100% of the CP Ships shares.  All conditions of the Offer have
been satisfied or waived and Ship Acquisition Inc. intends to take-up
the shares deposited under the Offer on October 20, 2005 and pay
U.S.$21.50 per share on October 25, 2005.
Computershare Investor Services Inc., the depositary under the Offer,
is counting the number of shares deposited under the Offer and the
precise number of shares to be taken up will be announced shortly.
If at least 90% of outstanding shares have been deposited under the
Offer, Ship Acquisition intends to acquire on October 26, 2005 the CP
Ships common shares held by shareholders who did not accept the Offer
under the compulsory acquisition provisions of the New Brunswick
Business Corporations Act for U.S.$21.50 per share. A notice of
compulsory acquisition will be mailed on October 26, 2005 to all
registered holders of CP Ships shares subject to the compulsory
acquisition.
If less than 90% of outstanding shares have been deposited under the
Offer, TUI intends to cause a meeting of CP Ships shareholders to be
held to consider an amalgamation, by which TUI would acquire 100% of
the CP Ships shares.  Upon acquisition of the shares deposited under
the Offer, TUI will hold a sufficient number of shares to approve the
amalgamation in accordance with applicable law.  It is expected that
an announcement regarding the meeting will be made shortly and the
amalgamation will be completed by December 31, 2005.
Address:
TUI AG
Karl-Wiechert-Allee 4
D-30625 Hannover
Germany
List of stock exchanges: Berlin/Bremen, Düsseldorf, Frankfurt (Prime
Standard), Hamburg, Hannover, München, Stuttgart
ISIN codes:
DE000TUAG000
DE0003659884
DE0002913894
XS0191794782
XS0191795672
XS0195307367
End of ad-hoc notification
Additional information  If we comment on forecasts or expectations in
this announcement or if our statements relate to the future, these
statements may be associated with known and unknown risks and
uncertainties. Actual outcomes and developments may, therefore,
deviate significantly from the expressed expectations and
assumptions. In addition, the performance of financial markets and
exchange rates as well as national and international law amendments,
particularly with regard to tax regulations, may have an influence.
Except as provided by law, the company assumes no obligation to
update future statements.
end of announcement                               euro adhoc 19.10.2005 06:26:22

Further inquiry note:

Bjoern Beroleit
Investor Relations
Telefon: +49(0)511 566 1310
E-Mail: bjoern.beroleit@tui.com

Branche: Tourism & Leisure
ISIN: DE0006952005
WKN: 695200
Index: DAX, CDAX, HDAX, Prime All Share, Prime Standard
Börsen: Berliner Wertpapierbörse / official dealing
Hamburger Wertpapierbörse / official dealing
Frankfurter Wertpapierbörse / official dealing
Baden-Württembergische Wertpapierbörse / official dealing
Börse Düsseldorf / official dealing
Niedersächsische Börse zu Hannover / official dealing
Bayerische Börse / official dealing
Bremer Wertpapierbörse (BWB) / official dealing

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