TUI AG (the Issuer) announced that Pursuant to §5(3) (Early Redemption at the option of the issuer) of the Terms and Conditions, the Issuer hereby gives notice of redemption of all outstanding Notes and provides the following information relating to the redemption of all of its outstanding Notes. The Issuer will redeem EUR 300,000,000 in aggregate principal amount of the Notes on the Early Call Redemption Date at the Early Call Redemption Amount. The Issuer provides Holders with the following details with regards to the early redemption of the Notes: 1. The Early Call Redemption Date for the Notes will be February 23, 2021; 2. The Early Call Redemption Amount is EUR 104,714.07 per Note in the Specified Denomination of EUR 100,000 (including EUR 3,123.29 per Note in the Specified Denomination of EUR 100,000 in respect of accrued interest to (but excluding) the Early Call Redemption Date); and 3. As the Notes are held in global form, redemption will be affected in accordance with the usual procedures of Euroclear and Clearstream. Payment of the Early Call Redemption Amount will be made to the clearing system or to its order for credit to the relevant account holders.