THOMAS COOK GROUP SELLS DUTCH OFFICE BUILDING

THOMAS COOK GROUP SELLS DUTCH OFFICE BUILDING

Thomas Cook Group plc (Thomas Cook) has agreed to sell a surplus office property to FN2 B.V., a company of the Fotex Group (Fotex), for cash consideration of €18 million (£15 million at current exchange rates). The property, located in Hoofddorp, The Netherlands, was formerly used as an office of Thomas Cook and is currently rented to third party tenants.

Under the terms agreed with Fotex, €11 million will be paid to Thomas Cook by 31 December 2011, €4.2 million will be paid by 31 March 2012 and €2.8 million will be deposited into escrow.

This transaction is part of Thomas Cook's disposal programme announced earlier this year, which has targeted selling up to £200 million of non-core assets over a six to eighteen month period. Transaction proceeds will be used to reduce Thomas Cook's borrowings and/or for general corporate purposes.

For further information, please contact:

Notes to editors:

1. The monies to be held in escrow relate to a 10-year rental guarantee from Thomas Cook in relation to space that is currently vacant within the property. The escrowed monies will be released to Thomas Cook as tenancy agreements are signed for periods within the 10-year term. If the space remains vacant, the escrowed monies will be released to Fotex on a quarterly basis.

2. As at 30 September 2011, the gross assets recorded in Thomas Cook's accounts in respect of the property were €20.8 million.

3. The rental operations of the property generated a profit before tax of €1.1 million in the year ended 30 September 2011.

About Thomas Cook Group plc

Thomas Cook Group plc is one of the world's leading leisure travel groups, with sales of £9.8 billion and 23.6m customers. Thomas Cook operates under six geographic segments in 22 countries and is number one or two in our core markets. Its business is supported by 31,000 employees.

Thomas Cook Group plc's shares are listed on the London Stock Exchange (TCG).