12.12.2006 – 18:20

KarstadtQuelle AG

euro adhoc: KarstadtQuelle AG
Management Changes
KarstadtQuelle: Manny Fontenla-Novoa new Chairman of Management Board of Thomas Cook AG

  Disclosure announcement transmitted by euro adhoc. The issuer is responsible
  for the content of this announcement.

12.12.2006

Ad hoc notification in accordance with § 15 of the German Securities
Trading Act

KarstadtQuelle: Manny Fontenla-Novoa new Chairman of Management Board
of Thomas Cook AG

Essen, Germany, December 12, 2006. The shareholders of Thomas Cook
AG, KarstadtQuelle AG and Deutsche Lufthansa AG announce that the
Supervisory Board has appointed Manny Fontenla-Novoa (50) the new
Chairman of the Company’s Management Board with immediate effect. The
internationally renowned tourism expert has been a member of the
Management Board of Thomas Cook AG since November 1, 2005 and has to
date been responsible for the activities of the Group in the United
Kingdom and Ireland.

KarstadtQuelle AG and Deutsche Lufthansa AG further announce that
Thomas Holtrop has resigned his Management Board mandate at Thomas
Cook AG by mutual agreement with the company with immediate effect.

Essen, December 12, 2006
The Management Board

end of announcement                               euro adhoc 12.12.2006 17:39:09

Further inquiry note:

Detlef Neveling
Tel. +49(0)201 727-9816
Fax: +49(0)201 727-9854
E-Mail: detlef.neveling@karstadtquelle.com

Branche: Retail
ISIN: DE0006275001
WKN: 627500
Index: CDAX, Classic All Share, HDAX, MDAX, Midcap Market Index,
Prime All Share
Börsen: Frankfurter Wertpapierbörse / official dealing/prime standard
Börse Berlin-Bremen / official dealing
Hamburger Wertpapierbörse / official dealing
Baden-Württembergische Wertpapierbörse / official dealing
Börse Düsseldorf / official dealing
Niedersächsische Börse zu Hannover / official dealing
Bayerische Börse / official dealing