• Signing of a new £1.4bn bank Credit Facility, including letters of credit

  • Oversubscribed, demonstrating continued strong backing from relationship banks

  • Underpins TUI Travel's debt maturity profile

TUI Travel PLC (the "Company"), one of the world's leading leisure travel groups, is pleased to announce that it has refinanced its banking facilities with the signing of a new £1.4bn bank Credit Facility, including letters of credit, maturing in June 2018.

The new facility was agreed on competitive terms and substantially extends the Company's debt maturity profile, providing the Company with valuable flexibility in respect of its other debt facilities and upcoming maturities. The demand for participation in the transaction resulted in it being oversubscribed, demonstrating continued strong backing from the Company's relationship lenders. The covenants remain unchanged.

Will Waggott, Chief Financial Officer of TUI Travel PLC, said:

"We are pleased to announce the signing of this new Credit Facility which improves the strength and flexibility within our balance sheet. We appreciate the continued strong support from our relationship banks."

Enquiries:

Analysts & Investors 
Andy Long, Director of Strategy & Investor Relations Tel: +44 (0)1293 645 795
Tej Randhawa, Investor Relations Manager Tel: +44 (0)1293 645 829
Sarah Coomes, Investor Relations Manager Tel: +44 (0)1293 645 827

Media  
Lesley Allan, Corporate Communications Director Tel: +44 (0)1293 645 790
Tress Wilson, External Communications Tel: +44 (0)1293 645 944
Michael Sandler (Hudson Sandler) Tel: +44 (0) 20 7796 4133

NOTES TO EDITORS

TUI TRAVEL PLC

TUI Travel PLC is one of the world's leading international leisure travel groups operating in approximately 180 countries worldwide. It serves more than 30 million customers in over 31 source markets. Headquartered in the UK, the Group employs approximately 55,000 people and operates a pan-European airline group consisting of 138 aircraft. The Company is organised and managed through three principal business Sectors: Mainstream, Specialist & Activity and Accommodation & Destinations. In the financial year ended 30 September 2013 TUI Travel had revenues of £15.1bn and an underlying operating profit of £589m.

TUI Travel is listed on the London Stock Exchange as a member of the FTSE 100 and FTSE4Good Indices.

distributed by