TUI AG has arranged succession for CEO Dr Michael Frenzel

  ad-hoc disclosure pursuant to section 15 of the WpHG transmitted by euro
  adhoc with the aim of a Europe-wide distribution. The issuer is solely
  responsible for the content of this announcement.

Hanover, 30 July 2012. Dr Michael Frenzel (65), CEO of TUI AG, will leave the
Executive Board at his own request following the next AGM on 13 February 2013. 

To ensure a timely succession the Supervisory Board of TUI AG today, during an
extraordinary meeting, appointed Friedrich Joussen (49) as a new member of the
Management Board, with effect from 15 October 2012. Following the AGM on 13
February 2013, Joussen will become CEO of TUI AG. Joussen was Managing Director
of Vodafone Deutschland from 2005 to 2012.

Dr Michael Frenzel will continue to support the company during the transition
period, introducing his successor to his role. Dr Frenzel will continue to be
Chairman of TUI Travel PLC and will keep other internal mandates until September

Further inquiry note:
Investor Relations Kontakt: 
Björn Beroleit, Telefon: +49 (0) 511 566 1310
Nicola Gehrt, Telefon: +49 (0) 511 566 1435

Media Kontakt:
Uwe Kattwinkel, Telefon: +49 (0) 511 566 1417
Robin Zimmermann, Telefon: +49 (0) 511 566 1488

end of announcement                               euro adhoc 

issuer:      TUI AG
             Karl-Wiechert-Allee 4
             D-30625 Hannover
phone:       +49(0)511 566 - 1425
FAX:         +49(0)511 566 - 1096
sector:      Transport
ISIN:        DE000TUAG000
indexes:     MDAX, CDAX, HDAX, Prime All Share
stockmarkets: regulated dealing: Hannover, Berlin, München, Hamburg, Düsseldorf,
             Stuttgart, regulated dealing/prime standard: Frankfurt 
language:   English

Weitere Meldungen: TUI AG

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