TUI AG Pale Fire Capital SE, Praha, Czech Republic

Language:EnglishDE

TUI AG
TUI AG: Release according to Article 40, Section 1 of the WpHG [the German Securities Trading Act] with the objective of Europe-wide distribution
08.10.2026 / 15:52 CET/CEST
Dissemination of a Voting Rights Announcement transmitted by EQS News – a service of EQS Group.
The issuer is solely responsible for the content of this announcement.

Notification of Major Holdings
1. Details of issuer

Name:	TUI AG
Street:	Karl-Wiechert-Allee 23
Postal code:	30625
City:	Hannover Germany
Legal Entity Identifier (LEI):	529900SL2WSPV293B552

2. Reason for notification

X	Acquisition/disposal of shares with voting rights
	Acquisition/disposal of instruments
	Change of breakdown of voting rights
	Other reason:

3. Details of person subject to the notification obligation

Legal entity: Pale Fire Capital SE
City of registered office, country: Praha, Czech Republic

4. Names of shareholder(s)
holding directly 3% or more voting rights, if different from 3.

Pale Fire Capital SICAV a.s.

5. Date on which threshold was crossed or reached:

29 Sep 2026

6. Total positions

	% of voting rights attached to shares (total of 7.a.)	% of voting rights through instruments (total of 7.b.1 + 7.b.2)	Total of both in % (7.a. + 7.b.)	Total number of voting rights pursuant to Sec. 41 WpHG
New	3.0046 %	0.00 %	3.0046 %	507431033
Previous notification	n/a %	n/a %	n/a %	/

7. Details on total positions
a. Voting rights attached to shares (Sec. 33, 34 WpHG)

ISIN	Absolute		In %
	Direct (Sec. 33 WpHG)	Indirect (Sec. 34 WpHG)	Direct (Sec. 33 WpHG)	Indirect (Sec. 34 WpHG)
DE000TUAG505	0	15246387	0 %	3.0046 %
Total	15246387		3.0046 %

b.1. Instruments according to Sec. 38 (1) no. 1 WpHG

Type of instrument	Expiration or maturity date	Exercise or conversion period	Voting rights absolute	Voting rights in %
			0	0.00 %
		Total	0	0.00 %

b.2. Instruments according to Sec. 38 (1) no. 2 WpHG

Type of instrument	Expiration or maturity date	Exercise or conversion period	Cash or physical settlement	Voting rights absolute	Voting rights in %
				0	0.00 %
			Total	0	0.00 %

8. Information in relation to the person subject to the notification obligation

	Person subject to the notification obligation is not controlled nor does it control any other undertaking(s) that directly or indirectly hold(s) an interest in the (underlying) issuer (1.).
X	Full chain of controlled undertakings starting with the ultimate controlling natural person or legal entity:

Name	% of voting rights (if at least 3% or more)	% of voting rights through instruments (if at least 5% or more)	Total of both (if at least 5% or more)
Pale Fire Capital SE	%	%	%
Pale Fire Capital SICAV a.s.	3.01 %	%	%
–	%	%	%
Pale Fire Capital SE	%	%	%
Pale Fire Capital investiční společnost a.s.	%	%	%

9. In case of proxy voting according to Sec. 34 para. 3 WpHG
(only in case of attribution of voting rights in accordance with Sec. 34 para. 1 sent. 1 No. 6 WpHG)
Date of general meeting:
Holding total positions after general meeting (6.) after annual general meeting:

Proportion of voting rights	Proportion of instruments	Total of both
%	%	%

10. Other explanatory remarks:

Section 8 – the online form allows only 2 decimal places, hence 3,01% entered instead of the more accurate 3,0046%. The positions described in this form are held by two compartments of the Pale Fire Capital SICAV a.s., a fund with umbrella structure domiciled in Czechia. Pale Fire Capital investiční společnost a.s. is the investment manager of Pale Fire Capital SICAV a.s.

Date

08 Oct 2026

08.10.2026 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.

Language:	English
Company:	TUI AG
	Karl-Wiechert-Allee 23
	30625 Hannover
	Germany
Internet:	www.tuigroup.com
LEI Code:	529900SL2WSPV293B552


End of News	EQS News Service

2412686 08.10.2026 CET/CEST