SALE OF HCV COMPLETED

27 July 2012

Thomas Cook Group plc

SALE OF HCV COMPLETED REDUCING NET DEBT BY c.€94M

Thomas Cook Group plc announces that the disposal of its interest in Hoteles Y Clubs De Vacaciones (HCV) to a consortium led by IBEROSTAR Hoteles y Apartamentos S.L. has now completed, following shareholder approval on 29 May 2012.

The sale of HCV is part of the Group's disposal programme and underlines our commitment to reduce debt. The transaction has reduced the Group's net debt by c.€94m and under the terms of the bank facilities agreement, the proceeds will be retained by the Group.

Enquiries

Thomas Cook Group plc

Investor Relations +44 (0) 20 7557 6413

Finsbury

Faeth Birch +44 (0) 20 7251 3801