TUI AG: Release according to Article 40, Section 1 of the WpHG [the German Securities Trading Act] with the objective of Europe-wide distribution

Notification of Major Holdings

1. Details of issuer Name: TUI AG Street: Karl-Wiechert-Allee 4 Postal code: 30625 City: Hannover
Germany Legal Entity Identifier (LEI): 529900SL2WSPV293B552
2. Reason for notification   Acquisition/disposal of shares with voting rights   Acquisition/disposal of instruments   Change of breakdown of voting rights X Other reason:
Change in aggregated holdings (Acting in concert)
3. Details of person subject to the notification obligation Legal entity: Standard Life Investments Limited
City of registered office, country: Edinburgh, United Kingdom Legal entity: Aberdeen Asset Investments Limited
City of registered office, country: London, United Kingdom Legal entity: Aberdeen Asset Managers Limited
City of registered office, country: Aberdeen, United Kingdom Legal entity: Ignis Investment Services Limited
City of registered office, country: Edinburgh, United Kingdom Legal entity: Aberdeen Standard Capital Limited
City of registered office, country: Edinburgh, United Kingdom
4. Names of shareholder(s)
holding directly 3% or more voting rights, if different from 3.
 
5. Date on which threshold was crossed or reached: 07 Apr 2020
6. Total positions   % of voting rights attached to shares
(total of 7.a.) % of voting rights through instruments
(total of 7.b.1 + 7.b.2) Total of both in %
(7.a. + 7.b.) Total number of voting rights pursuant to Sec. 41 WpHG New 2.945 % 0.05 % 2.995 % 589020588 Previous notification 4.65 % 0.00 % 4.65 % /
7. Details on total positions
a. Voting rights attached to shares (Sec. 33, 34 WpHG) ISIN Absolute In %   Direct
(Sec. 33 WpHG) Indirect
(Sec. 34 WpHG) Direct
(Sec. 33 WpHG) Indirect
(Sec. 34 WpHG) DE000TUAG000 0 17350687 0.00 % 2.945 % Total 17350687 2.945 %
b.1. Instruments according to Sec. 38 (1) no. 1 WpHG Type of instrument Expiration or maturity date Exercise or conversion period Voting rights absolute Voting rights in % Rights to recall lent shares 300000 0.05 %     Total 300000 0.05 %
b.2. Instruments according to Sec. 38 (1) no. 2 WpHG Type of instrument Expiration or maturity date Exercise or conversion period Cash or physical settlement Voting rights absolute Voting rights in % 0 0.00 %       Total 0 0.00 %
8. Information in relation to the person subject to the notification obligation
X Person subject to the notification obligation is not controlled nor does it control any other undertaking(s) that directly or indirectly hold(s) an interest in the (underlying) issuer (1.).   Full chain of controlled undertakings starting with the ultimate controlling natural person or legal entity:
Name % of voting rights (if at least 3% or more) % of voting rights through instruments (if at least 5% or more) Total of both (if at least 5% or more)  
9. In case of proxy voting according to Sec. 34 para. 3 WpHG
(only in case of attribution of voting rights in accordance with Sec. 34 para. 1 sent. 1 No. 6 WpHG)

Date of general meeting:
Holding total positions after general meeting (6.) after annual general meeting:
Proportion of voting rights Proportion of instruments Total of both % % %
10. Other explanatory remarks:
This notification highlights the aggregate number of voting rights held by the independent investment management entities within the Standard Life Aberdeen plc group 
Date
09 Apr 2020