Hanover, 4 March 2022

TUI AG has been informed about changes in ownership of shareholder Unifirm Limited

Change in TUI's shareholder structure

TUI has been informed through regulatory notifications that the ownership of its shareholder Unifirm Limited has changed and consequently the shareholder structure of the Group has changed. Accordingly, Unifirm Limited has sold a 4.13% stake in TUI AG to Severgroup LLC. Severgroup would therefore now hold 4.13% of TUI AG. The shares would be attributed to Mr. Mordashov. Unifirm Limited's share in TUI AG would have decreased to 29.87%.

In this context, Mr. Alexey Mordashov has notified that his subsidiaries KN-Holding LLC and Rayglow Limited have sold their shares held in Unifirm Limited to Ondero Limited. TUI AG has meanwhile also received a voting rights notification from Ondero Limited regarding a corresponding acquisition.

According to the notifications to TUI AG, the transactions took place on 28 February 2022.

About TUI Group

The TUI Group is one of the world's leading tourism groups and operates worldwide. The Group is headquartered in Germany. TUI shares are listed in the MDAX index of the Frankfurt Stock Exchange and in the regulated market of the Lower Saxony Stock Exchange in Hanover. TUI Group offers its 19 million customers integrated services from a single source and forms the entire tourism value chain under one roof. The Group owns over 400 hotels and resorts with premium brands such as RIU, TUI Blue and Robinson and 17 cruise ships, ranging from the MS Europa and MS Europa 2 in the luxury class and expedition ships in the HANSEATIC class to the Mein Schiff fleet of TUI Cruises and cruise ships operated by Marella Cruises in the UK. The Group also includes Europe's leading tour operator brands and online marketing platforms, for example for hotel-only or flight-only offers, five airlines with more than 130 modern medium- and long-haul aircraft and around 1,200 travel agencies. In addition to expanding its core business with hotels and cruises via successful joint ventures and activities in vacation destinations, TUI is increasingly focusing on the expansion of digital platforms. The Group is transforming itself into a global tourism platform company.  

Global responsibility for sustainable economic, environmental and social action is at the heart of our corporate culture. With projects in 25 countries, the TUI Care Foundation initiated by TUI focuses on the positive effects of tourism, on education and training and on strengthening environmental and social standards. In this way, it supports the development of vacation destinations. The globally active TUI Care Foundation initiates projects that create new opportunities for the next generation.