On 26 November 2014, TUI AG reached a settlement with four shareholders in connection with the Extraordinary General Meeting on 28 October 2014. You will find the full text of the settlement here... In the settlement, TUI AG undertook to provide each shareholder of TUI AG with information on the following four points:

1. Development of the EBITDA of TUI Travel PLC for 2019/20 and 2020/21 (perpetual annuity) out of the EBITA (before depreciation) for 2012/13; development of an EBITA 2012/13 in the amount of € 532,8 million to an EBITDA in the amount of € 1,412 million in 2020/21 (perpetual annuity)
2. Sustainable EBITA and EBITDA of TUI Travel for the forecast years of 2013/14 to 2019/20
3. Forecast of TUI Travel profit-and-loss calculation for 2013/14: “Actual” for the first six mon-ths, “forecast” for the other six months and budgeted balance sheet as at 30 September 2014
4. Target figures 2014/15 to 2018/19 for TUI AG before and after the execution of the merger