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

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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.

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ots Originaltext: TUI AG
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Further inquiry note:
Bjoern Beroleit
Investor Relations
Telefon: +49(0)511 566 1310

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

Weitere Meldungen: TUI AG

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