Successful Sterling and Euro bond issue

16 April 2010

Thomas Cook Group plc

Thomas Cook Group announces successful Sterling and Euro bond issue

Thomas Cook Group plc (the "Group") today announces that it has successfully launched and priced a €400 million, 5-year Euro bond with an annual coupon of 6.75% maturing in June 2015 and a £300 million, 7-year Sterling bond with an annual coupon of 7.75% maturing in June 2017. An application will be made for the bonds to be listed on the regulated market of the London Stock Exchange. The bonds are issued without a credit rating, but with a commitment by the Group to obtain two credit ratings before the first interest payment date in April 2011. The bond proceeds will be used for general corporate purposes.

Paul Hollingworth, Thomas Cook Group's Chief Financial Officer said:

"We are delighted with the strong support for this bond issue from a wide group of institutional investors. This transaction strengthens our financial position by diversifying our funding and extending the maturity profile of our debt."

The joint book-runners for the issue of the Euro bond are Barclays Capital, Commerzbank, HSBC, Société Générale, BayernLB, WestLB and UniCredit. The joint book-runners for the Sterling bond are Barclays Capital, HSBC, Lloyds Banking Group, ING Bank and RBS. The co-lead managers are BNP Paribas and DnB NOR Bank.

Enquiries

This announcement is for information only and does not constitute or form part of, and should not be construed as, any offer for sale or subscription of, or solicitation of any offer to buy or subscribe for, any securities of the Group nor should it or any part of it form the basis of, or be relied on in connection with, any contract or commitment whatsoever.

This announcement is being communicated (i) outside the United Kingdom only to persons to whom it is lawful to communicate this announcement; and (ii) in the United Kingdom only to persons who have professional experience in matters relating to investments falling within Article 19(1) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 ("the Order") and to persons to whom it may otherwise be lawful to communicate this announcement (all such persons being referred to as relevant persons). This announcement is only directed at relevant persons.

This announcement is not an offer of securities for sale in the United States and is not for publication or distribution to persons in the United States (within the meaning of Regulation S under the United States Securities Act of 1933, as amended ("the Securities Act"). The bonds have not been and will not be registered under the Securities Act. Accordingly, the bonds may not be offered, sold or delivered in the United States.

Ends