New chair for Thomas Cook board

The shareholders of Thomas Cook AG, KarstadtQuelle AG and Deutsche Lufthansa AG
have announced that the Supervisory Board has appointed Manny Fontenla-Novoa (52) the new
Chairman of the Company’s Management Board.The
internationally renowned tourism expert has been a member of the Management Board of
Thomas Cook AG since November 1, 2005 and has to date been responsible for the
activities of the Group in the United Kingdom and Ireland.

KarstadtQuelle AG and Deutsche Lufthansa AG further announce that Thomas Holtrop has
resigned his Management Board mandate at Thomas Cook AG by mutual agreement with the
company with immediate effect.