LIMASSOL, Cyprus, April 17 /PRNewswire/ -- Monteray Enterprises Ltd., a company indirectly, wholly-owned by Mr John Fredriksen, has on 16 April 2008 notified TUI AG and the German Federal Financial Supervisory Authority (Bundesanstalt für Finanzdienstleistungsaufsicht, BaFin) that it has acquired 29.515 million shares in TUI AG, representing approximately 11.747% of the voting rights in TUI AG.

Following this acquisition, Mr Fredriksen, through Monteray Enterprises Ltd., is the largest shareholder in TUI AG.

Monteray Enterprises Ltd. has also informed TUI AG that it will uphold the request for an addendum to the agenda of the general meeting concerning changes to the supervisory board, filed by Geveran Trading Co. Ltd. and published by TUI AG on 4 April 2008.

Media contacts: Tor Olav Trøim Tel: +44(0)207-824-5530