Thomas Cook Group plc Response to Press Speculation Regarding Financing

These discussions are part of the result of the strategic review the Group has undertaken since agreeing terms of a new facility in November 2011. The Group expects to report in more detail on the results of that review by the time of the interim results. In addition to the revised financing arrangements, the previously announced asset disposal programme and the sale of Thomas Cook India, the Group is exploring a possible sale and leaseback of certain aircraft.