Notification of voting rights transmitted by euro adhoc. The issuer is
  responsible for the content of this announcement.

Person/company obliged to make the notification:
Name:    UBS AG
Place:   8098 Zürich
State:   Schweiz

Company data:
Name:    TUI AG
Address: Karl-Wiechert-Allee 4, 30625 Hannover
Place:   Hannover
State:   Deutschland

31.05.2007

Disclosure pursuant to section 26 para. 1 of the German Securities 
Trading Act (WpHG):

The UBS AG, 25, P.O. Box, 8098 Zurich, Switzerland, has informed us 
that they exceeded the threshold of 3% of the voting rights in TUI 
AG, Karl-Wiechert-Allee 4, 30625 Hanover, Germany, on 22 May 2007 and
at this point in time held 3.33% (8,362,484 shares). Of these voting 
rights, 0.10% (248,980 shares) are attributable to UBS AG pursuant to
section 22 para. 1, sentence 1, no. 1 of the German Securities 
Trading Act.

Berlin/Hanover, May 2007
TUI AG

The Executive Board

end of announcement                               euro adhoc 31.05.2007 11:13:49

Further inquiry note:

Branche: Transport
ISIN: DE000TUAG000
WKN: TUAG00
Index: DAX, CDAX, HDAX, 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