Notification of Major Holdings 1. Details of issuer
| Name: | TUI AG |
| Street: | Karl-Wiechert-Allee 4 |
| Postal code: | 30625 |
| City: | HannoverGermany |
| Legal Entity Identifier (LEI): | 529900SL2WSPV293B552 |
2. Reason for notification
| | Acquisition/disposal of shares with voting rights |
| | Acquisition/disposal of instruments |
| | Change of breakdown of voting rights |
| X | Other reason:Subscription of new shares from a rights offering Non-applying of trading book exemption according to sec. 36 para. 1 WpHG |
3. Details of person subject to the notification obligation| Legal entity: Bank of America CorporationCity of registered office, country: Wilmington, DE, United States of America (USA) |
4. Names of shareholder(s)holding directly 3% or more voting rights, if different from 3.
| BofA Securities Europe SA |
5. Date on which threshold was crossed or reached:
6. Total positions
| | % of voting rights attached to shares (total of 7.a.) | % of voting rights through instruments (total of 7.b.1 + 7.b.2) | Total of both in % (7.a. + 7.b.) | Total number of voting rights pursuant to Sec. 41 WpHG |
| New | 8.76 % | 0.68 % | 9.44 % | 1099393634 |
| Previous notification | n/a % | n/a % | n/a % | / |
7. Details on total positionsa. Voting rights attached to shares (Sec. 33, 34 WpHG)
| ISIN | Absolute | In % |
| | Direct (Sec. 33 WpHG) | Indirect (Sec. 34 WpHG) | Direct (Sec. 33 WpHG) | Indirect (Sec. 34 WpHG) |
| DE000TUAG000 | 0 | 96335250 | 0.00 % | 8.76 % |
| US8990451085 | 0 | 3037 | 0.00 % | 0 % |
| Total | 96338287 | 8.76 % |
b.1. Instruments according to Sec. 38 (1) no. 1 WpHG
| Type of instrument | Expiration or maturity date | Exercise or conversion period | Voting rights absolute | Voting rights in % |
| Right to Recall | N/A | N/A | 1873894 | 0.17 % |
| Rights of Use | N/A | N/A | 6718 | 0 % |
| | | Total | 1880612 | 0.17 % |
b.2. Instruments according to Sec. 38 (1) no. 2 WpHG
| Type of instrument | Expiration or maturity date | Exercise or conversion period | Cash or physical settlement | Voting rights absolute | Voting rights in % |
| Swaps | 20/01/2021 - 29/12/2023 | N/A | Cash | 5545816 | 0.50 % |
| | | | Total | 5545816 | 0.50 % |
8. Information in relation to the person subject to the notification obligation
| | Person subject to the notification obligation is not controlled nor does it control any other undertaking(s) that directly or indirectly hold(s) an interest in the (underlying) issuer (1.). |
| X | Full chain of controlled undertakings starting with the ultimate controlling natural person or legal entity: |
| Name | % of voting rights (if at least 3% or more) | % of voting rights through instruments (if at least 5% or more) | Total of both (if at least 5% or more) |
| Bank of America Corporation | % | % | % |
| NB Holdings Corporation | % | % | % |
| BofAML Jersey Holdings Limited | % | % | % |
| BofAML EMEA Holdings 2 Limited | % | % | % |
| ML UK Capital Holdings Limited | % | % | % |
| Merrill Lynch International | % | % | % |
| - | % | % | % |
| Bank of America Corporation | % | % | % |
| NB Holdings Corporation | % | % | % |
| Merrill Lynch International, L.L.C. | % | % | % |
| Merrill Lynch Group Holdings I, L.L.C. | % | % | % |
| BofA Securities Europe SA | 8.70 % | % | 8.71 % |
| - | % | % | % |
| Bank of America Corporation | % | % | % |
| NB Holdings Corporation | % | % | % |
| BofA Securities, Inc | % | % | % |
| - | % | % | % |
| Bank of America Corporation | % | % | % |
| NB Holdings Corporation | % | % | % |
| BAC North America Holding Company | % | % | % |
| Bank of America, National Association | % | % | % |
| - | % | % | % |
| Bank of America Corporation | % | % | % |
| NB Holdings Corporation | % | % | % |
| BAC North America Holding Company | % | % | % |
| Merrill Lynch, Pierce, Fenner & Smith Incorporated | % | % | % |
| Managed Account Advisors LLC | % | % | % |
| - | % | % | % |
| Bank of America Corporation | % | % | % |
| NB Holdings Corporation | % | % | % |
| BofA Securities, Inc | % | % | % |
| Merrill Lynch Professional Clearing Corp. | % | % | % |
9. In case of proxy voting according to Sec. 34 para. 3 WpHG(only in case of attribution of voting rights in accordance with Sec. 34 para. 1 sent. 1 No. 6 WpHG)Date of general meeting: Holding total positions after general meeting (6.) after annual general meeting:
| Proportion of voting rights | Proportion of instruments | Total of both |
| % | % | % |
10. Other explanatory remarks:
| Notification is as a result of the subscription of new shares legally owned by the Bank which have been registered in Germany on the 13th of January 2021. |
Date
