Paul and Rachel Chandler were handed over to officials in the small town of Adado shortly after 4am.
They were flown to the Somali capital Mogadishu and are now on their way to Nairobi in Kenya.
Speaking after his release, a relaxed looking Mr Chandler, 60, said he was tired but very relieved.
'We're fine. We are rather skinny and bony but we're fine,' he said.
He described how he and his 57-year-old wife were informed they would be released two days ago.
'We were told on Friday and in a way which gave us some confidence to believe it.'
Mrs Chandler said they were happy to be alive - and desperate to see their family.
'We are so happy to be amongst decent, everyday people, Somalis, people from anywhere in the world who are not criminals,' she said.
'We've been a year with criminals and that's not a very nice thing to be doing.'
It is understood a $1million ransom was paid to secure the Chandlers' release. They had been held for 388 days.
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