Non-performance-related components

Fixed remuneration

The members of the Executive Board receive fixed remuneration, which is paid in twelve equal instalments at the end of each month. If the service agreement begins or ends during the financial year in which the remuneration is paid, the fixed remuneration for this financial year is paid pro rata temporis.

Fringe benefits

The Supervisory Board of TUI AG may grant the members of the Executive Board various fringe benefits. The actual amount may vary depending on the amount utilised by the Executive Board members. The fringe benefits include in particular

1. the provision of a company car, which may also be used privately, or alternatively a monthly car allowance.

2. contributions to health and long-term care insurance and the costs of a medical check are covered. In addition, TUI AG has taken out accident insurance for the members of the Executive Board.

3. the conclusion of a D&O insurance policy to protect the members of the Executive Board against financial losses that may arise from breaches of duty in their work.

Company pension scheme

TUI AG offers its Executive Board members a company pension scheme in the form of a fixed annual pension allowance paid in addition to their fixed remuneration. The members of the Executive Board can use this remuneration to organise their pension independently.

In the past, TUI AG has concluded pension commitments for retirement, disability and surviving dependants' benefits. An annual pension contribution of a contractually agreed amount is credited to a pension account. The contributions bear a maximum interest rate of five per cent and form the pension capital in the event of retirement. Such a pension commitment currently exists with Mr Ebel.