TUI Tui Ag

RNS Number:0996D
First Choice Holidays PLC
31 August 2007


                                                                  31 August 2007

                           FIRST CHOICE HOLIDAYS PLC

   ORDER CONFIRMING THE REDUCTION OF CAPITAL RELATING TO THE MERGER WITH THE
              TOURISM DIVISION OF TUI AG TO CREATE TUI TRAVEL PLC

First Choice Holidays PLC ("First Choice") announces that, at a hearing held
earlier today, the High Court of Justice in England and Wales (the "Court")
granted an order confirming the reduction of capital (the "Reduction Court
Order") relating to the scheme of arrangement (the "Scheme") between First
Choice and the holders of the Scheme Shares. As previously announced by First
Choice, the Scheme was sanctioned by the Court at a hearing held on 29 August
2007.


It is intended that the Reduction Court Order, together with the order of the
Court sanctioning the Scheme (the "Scheme Court Order"), will be delivered to
the Registrar of Companies in England and Wales for registration on Monday 3
September 2007. The Scheme and the reduction of capital will consequently become
effective as soon as office copies of the Scheme Court Order and the Reduction
Court Order have been delivered to the Registrar of Companies for registration
on Monday 3 September 2007 and, in the case of the Reduction Court Order, have
been registered by him. At that time the merger between First Choice and the
travel and tourism division of TUI AG, excluding certain hotel assets, will be
completed.


Indicative timetable


The indicative timetable for implementation of the Merger is currently expected
to be as follows:


Last day of dealings in First Choice Shares         31 August 2007

Scheme Record Time                                  6.00 p.m. on 31 August 2007

Cancellation of listing of First Choice Shares      8.00 a.m. on 3 September 2007

Scheme Effective Date                               3 September 2007

Completion of the Merger                            3 September 2007

Expected date of Admission and commencement of      
dealings in TUI Travel Shares                       3 September 2007

CREST accounts expected to be credited with         
TUI Travel Shares                                   on or around 3 September 2007

Latest date for despatch of definitive certificates 
for TUI Travel Shares in certificated form          17 September 2007

Capitalised terms used but not defined in this announcement have the same
meaning as given to them in the circular to shareholders dated 29 June 2007.

Enquiries:

Jessica Rouleau / Amy Faulconbridge             +44 (0)207 796 4133

Hudson Sandler

                                      END

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