Notification of Guarantor Release

12 December 2013

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, IN INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION

Thomas Cook Group plc

(the "Company")

£300,000,000 7.75 per cent. Guaranteed Notes due 2017

(ISIN: XS0504306001) (the "Sterling Notes")

And

€400,000,000 6.75 per cent. Guaranteed Notes due 2015

(ISIN: XS0504303164) (the "Euro Notes")

Following the successful completion of the disposal of the Company's specialist activity tour operator, Neilson Active Holidays Limited, which was announced to the market on 25 November 2013 (and which was a result of the continuing rationalisation of our business as part of our Transformation, allowing us to focus on the Company's profitable growth strategy), the Company further announces that it has given notices to the Trustee releasing Neilson Active Holidays Limited as a Guarantor in respect of the Sterling Notes and the Euro Notes on 10 December 2013. Notice will be given to Noteholders in accordance with the Conditions. Capitalised terms used but not defined in this announcement shall have the meanings given in the respective Conditions of each of the Sterling Notes and the Euro Notes.

Enquiries

Analysts & Investors - Thomas Cook Investor Relations

Geoffrey Pelham-Lane (Group Head of Investor Relations) +44 20 7557 6414

Media

Jenny Peters (Group Head of Communications) +44 7568 105144

Andrew Lorenz (FTI Consulting) +44 7775 641 807

Disclaimer

The Sterling Notes, Euro Notes and the respective Notes Guarantee of each of the Sterling Notes and the Euro Notes have not been and will not be registered under the United States Securities Act of 1933, as amended, (the "Securities Act"), or any relevant securities laws of any state of the United States and are subject to U.S. tax law requirements. Subject to certain exceptions, the Sterling Notes and the Euro Notes may not be offered, sold or delivered within the United States or to U.S. persons (as such terms are defined in Regulation S under the Securities Act) or offered, sold or delivered to or for the benefit of any resident of Canada.

This announcement is for information purposes only and does not constitute an offer to sell or the solicitation of an offer to buy the Sterling Notes or the Euro Notes.

The distribution of this document may be restricted by law in certain jurisdictions. Accordingly, persons into whose possession this document may come must inform themselves about, and observe, any such restrictions on the distribution of this document.