Seite1TUIGROUP–InvestorPresentationFriedrichJoussen(CEO)UniCredit/KeplerCheuvreux–GermanCorporateConferenceFrankfurt,21-22January2014Page2Future-relatedstatementsTUIAG|InvestorRelations|21.-22.01.2014ThispresentationcontainsanumberofstatementsrelatedtothefuturedevelopmentofTUI.Thesestatementsarebasedbothonassumptionsandestimates.Althoughweareconvincedthatthesefuture-relatedstatementsarerealistic,wecannotguaranteethem,forourassumptionsinvolverisksanduncertaintieswhichmaygiverisetosituationsinwhichtheactualresultsdiffersubstantiallyfromtheexpectedones.Thepotentialreasonsforsuchdifferencesincludemarketfluctuations,thedevelopmentofworldmarketfluctuations,thedevelopmentofworldmarketcommodityprices,thedevelopmentofexchangeratesorfundamentalchangesintheeconomicenvironment.TUIdoesnotintendorassumeanyobligationt