TUI Travel: Conditional Sale of Budget Travel

Subsequent to an undertaking to divest TUI AG’s Budget Travel business in Ireland announced on 4 June 2007, TUI Travel PLC today announces the conditional sale of Budget Travel, one of the Group’s Irish businesses, to Primera Travel Group, a privately owned Icelandic travel company. Completion of the sale is subject to approval from the EU Competition authority.

The value of the gross assets disposed of is €46.4 million.