Annual Financial Report

Thomas Cook Group plc

(the "Company")

Annual General Meeting and Annual Report & Accounts 2013

In compliance with LR 9.6.1, the following documents have today been submitted to the National Storage Mechanism and will shortly be available for inspection at www.morningstar.co.uk/uk/nsm:

1. Notice of Annual General Meeting ("AGM") 2014

2. Form of Proxy

3. Annual Report & Accounts 2013

The AGM is scheduled to be held at 10.30am on Thursday 20 February at 1st Floor, North Building, 200 Aldersgate, London, EC1A 4HD.

The Annual Report & Accounts 2013 and the Notice of AGM 2014 can also be viewed at or downloaded from the Company's corporate website at www.thomascookgroup.com.

A condensed set of Company financial statements and information on important events that have occurred during the year and their impact on the financial statements were included in the Company's preliminary announcement on 28 November 2013. That information together with the information set out below which is extracted from the Annual Report & Accounts 2013 constitute the requirements under of DTR 6.3.5 which is to be communicated via an RIS in unedited full text. This announcement is not a substitute for reading the full Annual Report & Accounts 2013. The preliminary announcement can be viewed or downloaded from the Company's corporate website www.thomascookgroup.com.

For further information please contact:

Appendix A

Statement of Directors' responsibilities

The Annual Report & Accounts 2013 contains the following statements regarding responsibility for the Annual Report, the Directors' Remuneration Report and the financial statements:

The Directors are responsible for preparing the Annual Report, the Directors' Remuneration Report and the financial statements in accordance with applicable law and regulations. Company law requires the Directors to prepare financial statements for each financial year. Under that law, the Directors have prepared the Group and the Company financial statements in accordance with International Financial Reporting Standards ("IFRSs") as adopted by the European Union. The financial statements are required by law to give a true and fair view of the state of affairs of the Company and the Group and of the profit or loss of the Group for that period.

In preparing those financial statements, the Directors are required to:

• select suitable accounting policies and then apply them consistently;

• make judgements and accounting estimates that are reasonable and prudent; and

• state that the financial statements comply with IFRSs as adopted by the European Union.

The Directors confirm that they have complied with the above requirements in preparing the financial statements. The Directors also confirm that they consider the annual report and accounts, taken as a whole, is fair, balanced and understandable and provides the information necessary for shareholders to assess the Company's

performance, business model and strategy.

The Directors are responsible for keeping proper accounting records that show and explain the Company's transactions and disclose with reasonable accuracy at any time the financial position of the Company and the Group, and for ensuring that the financial statements and the Directors' Remuneration Report comply with the Companies Act 2006 and, as regards the Group financial statements, Article 4 of the IAS Regulation. They are also responsible for safeguarding the assets of the Company and the Group and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The Directors are responsible for the maintenance and integrity of the Company's website, and legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

Each of the Directors, who were in office at the date of this report, whose names and responsibilities are listed on pages 50 and 51, confirm that, to the best of their knowledge:

· the Group financial statements, which have been prepared in accordance with IFRSs as adopted by the EU, give a true and fair view of the assets, liabilities, financial position and profit of the Group; and

· the Strategic and Directors' Report contained on pages 2 to 89 includes a fair review of the development and performance of the business and the position of the Group, together with a description of the principal risks and uncertainties that it faces.

Appendix B

Principal risks and uncertainties

The Annual Report & Accounts 2013 contains the following disclosures relating to principal risks and uncertainties:

Enhanced risk management capability

The Board is responsible for maintaining the Group's risk management and internal

control systems, with a mandate that includes defining risk appetite and monitoring risk exposures to ensure that the nature and extent of risks taken by the Group are aligned with its strategic objectives. During the year, the Group has made a significant investment in people and technology as it continues to enhance and develop its risk management capability. We continue to focus on further embedding a culture of risk management that will contribute towards effective strategy execution, ensuring both risk and opportunities are identified and managed to deliver long-term value creation.

Our approach to risk management

Operating in a dynamic and rapidly evolving environment requires a flexible and responsive risk management process that can match the pace of change and provide

management with a concise view of the Group's risk profile at any point in time.

Risk registers are continually updated through an ongoing programme of risk workshops, with operational and financial management. Risk is formally assessed as a standing agenda item at all monthly segment level board meetings, with key risks being escalated and discussed within the Risk Matters Group ("RMG"). The RMG and the broader risk management framework has been designed to ensure the scope of coverage includes operational, financial and legal risks within a single framework. The purpose of the RMG is to provide leadership, direction and oversight with regard to the Group's overall risk framework, appetite, tolerance and relevant risk policies, processes and controls.

The RMG meets on a bi-monthly basis, attended by senior executives from across

the Group and our external advisers, in order to provide a further dimension of insight and validation. The RMG reports to the Audit Committee and Risks and Disclosures Committee.

The Audit Committee considers risk exposure against risk appetite by profiling key risks in respect of their potential impact and likelihood of occurrence, after consideration of mitigating and controlling actions that are in place. During the year, the Audit Committee has reviewed both top down and bottom up risk analyses and the Board has undertaken a detailed exercise to consider its risk appetite, both in relation to the Transformation activity and the business-as-usual environment. The aim of these activities has resulted in a Combined Assurance Plan, which will enable

a risk-based approach to the ongoing internal audit and assurance programme. On an annual basis, the Board reviews risk appetite to ensure it is calibrated to the Group's strategic objectives.

The communication of the Thomas Cook Business System outlines our commitment

to defining excellence in governance and adopting principles of risk management across the organisation and our processes. Our vision for the Thomas Cook Business System extends beyond the parameters of conventional risk management and we are now finalising our plans to ensure principles of risk management influence our approach to leadership, organisational structure, business policies and performance and operational monitoring, decision making and day-to-day processes are "risk proofed" and aligned to our Profitable Growth Strategy. We do not see this is as a one-time transformational activity, but an opportunity for governance and risk

management to influence the culture and ethos of our operations and people.

Principal risks and uncertainties

The table below lists the principal risks and uncertainties that may affect the Group

and highlights the mitigating actions that are being taken and the opportunities we aim to capture. The content of the table, however, is not intended to be an exhaustive list of all the risks and uncertainties that may arise.