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TUI AG

euro adhoc: TUI AG
Capital measures
TUI agrees terms of capital increase

  Disclosure announcement transmitted by euro adhoc.
  The issuer is responsible for the content of this announcement.
26.08.2005
Hanover, August 26, 2005        Today, Executive Board and
Supervisory Board of TUI AG have agreed the details of the intended
cash capital increase. The share capital shall be increased by an
amount of approximately EUR 182.8 million, split into about 71.5
million no-par value shares. TUI AG shareholders shall be offered
subscription rights in a ratio of 5 to 2. Shareholders holding 5
existing shares may subscribe for 2 new shares each with dividend
rights attached for the entire business year 2005. The subscription
price amounts to EUR 14.20. The subscription offer containing all
details is expected to be published on September 1, 2005. The
two-week subscription period is expected to commence on September 2,
2005. As a consequence of the capital increase, the company will
receive gross proceeds of approximately    EUR 1 billion. Citigroup,
Deutsche Bank and HVB Corporates & Markets have been mandated as
Joint Lead Managers and Commerzbank and WestLB are acting as
Co-Managers. The consortium has fully underwritten the capital
increase in an underwriting agreement with standard market
conditions.
Hanover, August 26, 2005
TUI AG
The Executive Board
Address:
TUI AG
Karl-Wiechert-Allee 4
D-30625 Hanover
Internet: www.tui.com
List of stock exchanges: Berlin/Bremen, Düsseldorf, Frankfurt,
Hamburg, Hannover, München, Stuttgart
ISIN codes:
DE000TUAG000
DE0003659884
DE0002913894
XS0191794782
XS0191795672
XS0195307367
End of ad-hoc notification
This document is not an offer for sale of subscription rights or new
shares in the United States. The subscription rights and the new
shares have not been and will not be registered under the United
States Securities Act of 1933, as amended, or under the securities
laws of any state of the United States, and may not be offered, sold
or delivered in the United States. TUI AG does not intend to register
any portion of the offering in the United States or to conduct a
public offering of subscription rights or new shares in the United
States.
If we comment on forecasts or expectations in this announcement or if
our statements relate to the future, these statements may be
associated with known and unknown risks and uncertainties. Actual
outcomes and developments may, therefore, deviate significantly from
the expressed expectations and assumptions. In addition, the
performance of financial markets and exchange rates as well as
national and international law amendments, particularly with regard
to tax regulations, may have an influence. Except as provided by law,
the company assumes no obligation to update future statements.
Not for distribution in the United States, Canada, Australia or
Japan.
end of announcement                               euro adhoc 26.08.2005 13:06:41

Further inquiry note:

Nicola Gehrt
Investor Relations
Telefon: +49(0)511 566 1435

Björn Beroleit
Investor Relations
Telefon: +49(0)511 566 1310

E-Mail: investor.relations@tui.com

Branche: Tourism & Leisure
ISIN: DE0006952005
WKN: 695200
Index: DAX, CDAX, HDAX, Prime All Share, Prime Standard
Börsen: Berliner Wertpapierbörse / official dealing
Hamburger Wertpapierbörse / official dealing
Frankfurter Wertpapierbörse / official dealing
Baden-Württembergische Wertpapierbörse / official dealing
Börse Düsseldorf / official dealing
Niedersächsische Börse zu Hannover / official dealing
Bayerische Börse / official dealing
Bremer Wertpapierbörse (BWB) / official dealing

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Plus de actualités: TUI AG