Group-Wide Structure Chart as at 25 June 2019 CONFIDENTIAL

Safer Foundation

Safer Tourism Foundation Group plc Branch

Safer Tourism Thomas Cook Trading Limited Thomas Cook Thomas Cook Tour Group Money Limited Finance 2 plc Operations Limited (UK) (UK) Limited (UK) (UK)

Greece White Horse Thomas Cook Thomas Cook Thomas Cook In Thomas Cook Thomas Cook White Horse Thomas Cook LMEY Inversiones Thomas Cook Branch Aviation Thomas Cook Thomas Cook Thomas Cook Insurance Ireland Hotel Thomas Cook Group Aldiana GmbH Destination TCNE Aircraft Airlines Administration Hotel & Resorts 1841 Limited Cabarete Investments (2) Luftransport 1 Airlines Airlines Treasury Lufttransport 1 Airlines Leasing Designated Management Finance Limited Management () 1 share held by Management HoldCo 1 S.L. Management Leasing AB Branch Management Services Limited Limited (UK) TCGMS Ltd Thomas Cook Activity Company Limited (UK) Services Limited S.R.L.() Limited GmbH Scandinavia A/S plc GmbH Limited (Ireland) (UK) (42%) Limited (Spain) Services S.L. () Airlines Limited Services Limited (Ireland) (UK) (UK) 50% (UK) (Germany) (Denmark) (UK) (Germany) (UK) (UK) (Spain) (UK) (UK) Sweden 49.996% 50% held by 58% held by Branch Aldiana Holding DMH In LMEY 49% held by Mr Thomas Cook In TC in-Destination Thomas Cook GmbH Thomas Cook Thomas Cook Thomas Cook in Destination Spanish Portugal 50.004% Condor MyTravel Group Investments TCG plc holds Lersan Misitsakul Destination Management Thomas Cook Thomas Cook Continental Group Treasury Online Limited Destination Management Branch Branch MyTravel 330 held by Lufttransport 2 Limited AG redeemable and 2% held by Management Hellas Single Aviation GmbH HoldCo 2 S.L. 1 share held by THG GmbH Holdings Limited preference shares Limited (Guernsey) Khemika Sorn- Holdco S.L. Holdings (Cyprus) Leasing Ltd TCGMS Ltd (UK) (Thailand) Ltd Member PC (Germany) (Spain) Touristik (UK) (UK) (Tax: UK) Ngay (Spain) Ltd (Cayman Islands) (Germany) (49%) (Greece) GmbH (Cyprus) (Tax:UK) (49.996%)

Airtours Finance Servicios de Thomas Cook in Thomas Cook In MyTravel Mytravel IPR Blue Sea Overseas 0.185% held by Thomas Dominican TC In Destination Astral Tours 30% voting Thomas Cook MyTravel Pioneer Parkway Thomas Cook Close Number 6 Thomas Cook Airtours Holidays Orlando (ABC) Parkway IPR Parkway IPR Limited Administracion y Thomas Cook (CIS) Thomas Cook VA Insurance Destination Jamaica Incom & Destination Costa The Group Luxembourg UK Ireland Limited Investments Cook Group UK Limited Republic Incom & Tourism Hellas (Cyprus) Limited rights held by mertus 360 GmbH Airlines Balearics 98.834% held LLG Nord GmbH & Limited Nederland BV Treasury Limited Limited Group UK Limited Transport Limited Limited (Cyprus) Limited Limited (Guernsey) Operacion de AB France S.A.S. Services Ltd , S.A. de Serv Ltd Rica S.A. by six other Limited TC Delta GmbH Unlimited (Ireland) Limited Serv S.R.L. Single Member (Cyprus) Aeolos Cyprus (Germany) SL Co. Delta OHG (UK) (Netherlands) (UK) (UK) (UK) (UK) (Jersey) (Cyprus) (UK) (Tax: UK) Hotels S.A de (Sweden) (France) (Isle of Man) C.V.(Mexico) (Jamaica) (Costa Rica) airlines and USS (UK) (Germany) (UK) (Tax: UK) (UK) (99%) Private Co (70%) Travel Limited (Spain) (Germany) (99.815%) C.V. (99%) (99%) Sherwood (1.166%) (Mexico) (99%) 1% held by In Destination 1% held by In 1% held by In Destination Cooperatieve has Thomas Cook Incoming, S.L.U. Fernandez Jimenez Incoming, S.L.U. AB 9807 1 share held by Thomas Cook three different share Cooperatieve Parkway Holdings Wavell Holdings Close Number 40 ITC Travel France Hotellerie Thomas Cook SAS Zante Beteiligungsverwa TCGH Holdings Thomas Cook TCGMS Ltd Investments 3 Thomas Cook Palma classes, Airtours UK BV BV Limited 0.036% held by Investments S.L Holding S.A.R.L. (France) Corfu Branch mertus 361 GmbH Finance Limited holds Parkway U.A. Limited International AG Crewing Company Branch ltungs GmbH (Netherlands) (Netherlands) (Jersey) Orlando (ABC) Limited Limited Branch (Germany) 100% of one of the (Netherlands) (UK) (Spain) (France) Thomas Cook Hotel GmbH Tenerife (Germany) (Switzerland) (UK) 50% held by Condor Flugdienst share classes Thomas Cook Thomas Cook (Tax: UK) (Tax: UK) (99.964%) Investments LMEY (Germany) Branch GmbH Financial Services Tour Operations Limited MyTravel North Investments Chicago (Germany) Limited (UK) America Limited AG Branch (Belgium) (UK) (UK) Thomas Cook ITC Enterprises (50%) Group Hedging Limited Park Hotel SNC Jet Eldo Maroc Thomas Cook Limited (UK) (France) (Morocoo) Jamaica Aircraft 1 share held by Blue (UK) Engineering Sea Overseas Thomas Cook (Tax:Germany) (50%) Branch Thomas Cook Limited Condor Berlin Condor Technik Investment Limited Destination Buzzard Thomas Cook Thomas Cook JFS GmbH Services Limited Thomas Cook Thomas Cook (UK) GmbH GmbH Services Inc Leisure Hotel Investments Hotel Investments (Germany) (UK) Hotel Investments Hotel Investments (Germany) (Germany) (USA) Limited 50% held by Greece 1, S.A. Greece 2, S.A. Parkway Limited Spain 1, S.L. Spain 2, S.L.U. (UK) DER France Hotelierie (Greece) (Greece) (Guernsey) LLC NTC Intourist 1 share Holding SARL Jet Eldo Tunisie held by (Tax: UK) (Russia) (Tunisia) Frederic Kuyi International Kuyi International Thomas Cook Parkway Auto Habert Thomas Cook Travel Agency New Pension Realisations NALG Holdings Parkway Australia Sunwing Hotels 0.2% held by Aircraft (Shanghai) Co Ltd (Sanya) Co Ltd Sun Club El Thomas Cook Trustee Limited (Germany) Unlimited Holdings Pty Hotel Vela, S.L. Hellas Touristic Hoteles Sunwing, Thomas Cook Engineering (China) (China) Airtours Resort Dorado, S.A. Golden Divas, S.L. Aircraft Retail Limited (UK) Vermögensverwal Company Limited Sunwing Hotels (Spain) Holdings S.A. S.A. (Mexico) S.A. de (49%) (49%) Ownership Espana 0.05% held (Spain) (Spain) Engineering Inc. (UK) tungs GmbH (Ireland) (Cyprus) Limited LLC Touroperator TK Marketing ET (Greece) (Spain) C.V. (Mexico) (Australia) S.L. by (99%) (Cyprus) Intourist Services (99.8%) (Germany) (Spain) Frederic 51% held by Hainan (Russia) Habert (Tunisia) Fosun Travel 1% held by Beijing Both NALG (99.95%) Development Co., Ltd Golden Divas, companies have Branch S.L. Sumango NALG Ireland three different LMEY Ibiza, S.L. Helios Palace S.A. Thomas Cook Hotels4u.com Retail Travel TCCT Holdings UK share classes and Parkway Hellas (Proprietary) Unlimited Resorts Mallorca Movables (Spain) (Greece) Aircraft Limited Limited Limited 51% held by Shanghai Thomas Cook Group Holdings Limited Limited Company Anfinpan S.L. Hotels Inversiones 2014, Engineering Inc. (UK) (UK) (UK) Xiuping Investment UK Limited holds (UK) (South Africa) Management Co, Ltd (Ireland) 50% of one of the (Spain) International S.L. S.L. Jet Marques S.A. (USA) (“Fosun”) share classes in (Spain) (Spain) (France) both companies Blue Dolphin China JV Hotel Operating Co-op Group and TCCT Holdings Travel 2 Holdings Parkway Northern Administration Limited Parkway Holdings Limited Holding Alcaidesa S.L. (Jersey) GmbH Thomas Cook (UK) A/S (Spain) (Germany) Brok Air Services Sandbrook UK (Denmark) (France) Investments Blue Dolphin Limited Hotel Operating Travel and and Future Travel TCCT Retail (UK) Financial Services Thomas Cook MyTravel Administration Limited Limited 25% Limited Nordic Holdings Deutschland Chiclana, S.L. (UK) (UK) (UK) AB GmbH (Spain) (Sweden) (Germany) Thomas Cook Thomas Cook UK 75% Isle of Pension Trust Guernsey Limited Man Limited Casa Gració Branch Branch (UK) The Freedom Jersey (UK) Operation, S.L. Travel Group Branch 30% held by Astral Hellas SA Limited (UK) George (Greece) Dandolakis (70%) Hotel Fund JV

Thomas Cook Travel Technology OY Tjaereborg AB Thomas Cook UK Sun International Inspirations Thomas Cook GmbH Tourmajor Limited TCIM Limited Initiative Limited () Travel Limited (UK) Limited Limited Indian IP Limited (Germany) (UK) (UK) (UK) (UK) (UK) (UK) (UK) (9.091%)

90.909% held by ten other holiday Thomas Cook Capitol Holdings companies Travel Pension VR Espana SA Ving Norge A/S ROSATA Limited Eurocenter Trustees Ltd Kelly Holdings Tedgold Limited (Spain) (Norway) Thomas Cook Thomas Cook Bucher Reisen Grundstücksvermi (Ireland) 0.05% held by Gibraltar Beteiligungs-und Thomas Cook (UK) Limited (Gibraltar) International Trust Destinations Airport Service und Ӧger Tour etungs mbH & Co. Reisevermittlung Touristik GmbH (Gibraltar) (99.95%) Corporation Limited GmbH GmbH GmbH Objekt am GmbH (Germany) (Germany) (Germany) (Germany) Hammergarten (Germany) KG 10% 90% Thomas Cook (Germany) Ving Sverige AB Northern Europe 25.714% Sandbrook Algarve Tours- Partnership limited (Sweden) AB held by Activos Turisticos, Gesellschaft für Neckermann Jeropatur-Viagens Feri-o-mat Reisen Overseas Agencia de by shares, only 15% (Sweden) Iberusa B.V. S.A. Reisevertriebssyst Polska BP SP. e Turismo GmbH Investments and 34.286% Viagens e Turismo owned by Thomas (Spain) eme GmbH z.o.o. Cook GmbH Limitada (Germany) Limited held by Lda (40%) (Germany) (Poland) (Portugal) (UK) Startel (Portugal) Holding B.V. Thomas Cook Thomas Cook Northern Europe Hotels Hellas Sunwing Hallas AB A/S Single Member (Sweden) Hotel 0.5% held by Societe (Denmark) Private Company Thomas Cook Investments five individuals, Touristique et 50% held Thomas Cook Sentido Hotels & Alpha Reiseburo (Greece) West Holdings Sarigerme Turizm each holding Hoteliere du by West Investments Resorts GmbH 0.1% each Partner GmbH Raiffeisen Limited Ticaret L.S. Senegal Limited (Germany) (Germany) Tours RT (UK) (Turkey) SOTHOU_SE S.A. (UK) (50%) Reisen (99.023%) (Senegal) GmbH Spies A/S 0.977% held by Thomas Cook (99.5%) (Denmark) Airport Service GmbH Thomas Cook Thomas Cook Thomas Cook Thomas Cook Retail Belgium Thomas Cook Skymax Holidays Retail NV Belgium NV 6 shares held by Thomas Cook Nederland BV NV. TC Investments Service AG (Morocco) 20% Eurocenter Thomas Cook (Belgium) (Belgium) s.r.o. (Netherlands) (Belgium) (2) Ltd and 1 (Switzerland) (15%) Beteiligungs- und Austria AG (99%) (99.99%) Reisevermittlung (Czech Republic) (99.99%) share held by TC (Austria) Retail Belgium NV GmbH (80%) 85% held by six individuals 1 share held by Thomas Cook Belgian Travel Happy Camp Pegase Travel NV In Destination N-U-R Nederland BV Network CVBA SATEE GmbH Travel Alliance Neckermann S.P.A. (Belgium) Incoming, S.L.U Neckermann- (Belgium) (Germany) a.s. Slovakia s.r.o. (Italy) (20%) (Spain) utazás Szolgáltató (48.889%) (Czech Republic) (Slovakia) (40%) Kft. (40%) (60%) 1.111% held by (Hungary) Holding 20% each: Holding 20% each: Thomas Cook Retail 80% held by Pater Corradini Sergio Belgium NV, Patriae Comm v. DUST UNITED 40% Bohunicka, Delaini Pietro 48.889% held by TRAVEL s.r.o Dipl. Ing. Eva Nemo & Selekta Thomas Cook Air Arena Tourist S.R.L. Jetair NV and Thomas Cook 1.111% Pats NV s.r.o Kereskedelmi és Key: JV companies % shown of the immediate holding, if Vertriebs GmbH Company limited by guarantee OK Tours a.s. Szolgáltató Kft. not 100% (Germany) Active 100% owned by Thomas Cook and has no shareholders (Hungary) (indicated with a solid black line) Trust Structure (Country name) = country of incorporation Entities have been treated as Unlimited liability company being 100% controlled and fully (Tax: Country name) = where tax domicile Active Non-Trading 100% owned but with shares held by more consolidated by the Group. is different from country of incorporation Neckermann than one Thomas Cook subsidiary company Urlaubswelt Branch of a company GmbH Dormant TCGMS Ltd - Thomas Cook Group Management Services Limited (Germany) External third party holding, not 100% Thomas Cook Company Branch of a company In Liquidation not 100% owned