Munich, May 2, 2024 – Following the signing of the Investment Agreement dated 16 April 2024 between the Certares-led consortium of investors (the "Consortium") and FTI GROUP ("FTI" or the "Company"), FTI announces that the Consortium signed definitive documentation to acquire financial liabilities of FTI following a market-based process, including loans and other financial support. 

The transaction is related to the comprehensive reorganization of FTI. Together with the contribution of new equity capital from the Consortium totaling EUR 125 million, FTI's financial position and capital reserves have been materially strengthened. This will provide the Company with ample resources for current operations, support its next phase of growth and facilitate digital transformation plans.

The transaction as a whole is still subject to customary regulatory approvals and other conditions precedent that are typical for transactions of this type.

_{About Certares
Established in 2012, Certares is a global investment firm focused exclusively on the travel and hospitality industries, leveraging deep sector experience, proprietary transactions and hands-on partnership with management teams to drive growth. With approximately $ 10.1 billion of assets under management, including co-investments, as of 31 December 2023, Certares brings together a team with decades of both operational and investment experience in private equity, travel, tourism, hospitality and travel-related business and consumer services. 
For more information, please visit www.certares.com} 

_{About the FTI GROUP
With its numerous brands and subsidiaries, the FTI GROUP is the third largest tour operator in Europe. It includes FTI Touristik as well as the short-term tour operator 5vorFlug, the car rental broker Drive FTI, the destination management company Meeting Point International, which is active in over 40 locations worldwide, and the tour operator for promotional goods BigXtra. Under the umbrella of the hospitality company MP Hotels, the company bundles its hotel brands Labranda Hotels & Resorts and Design Plus Hotels, Kairaba Hotels & Resorts, Lemon & Soul Hotels, Club Sei and Managed by MP Hotels. TVG Touristik Vertriebsgesellschaft mbH combines the franchise systems with the brands sonnenklar.TV Reisebüro, 5vorFlug and Flugbörse. Around 10,000 partner agencies sell FTI products throughout Germany. The TV travel shopping channel sonnenklar.TV, an FTI GROUP partner, and the online B2B provider for accommodation Youtravel are also important sales channels. The consolidator FTI Ticketshop is responsible for the sale of scheduled flight tickets. In Austria, FTI Touristik is represented by a branch in Linz. The subsidiary FTI Touristik AG, based in Basel, represents the tour operator in Switzerland. The French tour operator FTI Voyages has been part of the FTI GROUP since 2012. With FTI Reizen, the group has also been active in the Netherlands since 2016. The seven service centres handle numerous bookings for the FTI GROUP and external customers. Headquartered in Munich, the Group employs over 11,000 people worldwide and generated consolidated sales of around € 4.1 billion in the 2022/23 financial year.
Further information at www.fti-group.com}