Impact of travel Disruption

Monday 19 April 2010

Thomas Cook Group plc

("The Group")

Impact of Travel Disruption as a Result of Volcanic Ash

As a result of the volcanic ash cloud from Iceland affecting the majority of airspace above Northern Europe we are currently facing severe disruption to our flight and holiday programme.

The Group's first priority is to support our customers affected by the airspace restriction and welfare is being provided to those overseas. For those due to depart alternative holidays are being offered; a large number of our holiday makers are choosing to rebook. The Group is working with the relevant national bodies and international authorities to understand the likely further impact on the Group's flying schedules and mitigate the impact on the travel industry.

The precise financial impact is difficult to calculate at this point in time given the number of factors involved. The estimated current daily impact on the operating result, including both lost contribution and additional costs, is around £7 million. The Group has substantial banking facilities and as at 31 March 2010 had headroom of around £400m under our committed banking facility.

Thomas Cook Group plc Chief Executive Officer, Manny Fontenla-Novoa said:

'Clearly this is a very difficult time for our customers and our priority is on minimising the impact on them and ensuring their safe return.'

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