TH2 investment in Outdoria

Tourism Holdings Limited
Tel: +64 9 336 4299
The Beach House
Email: info@thlnz.co.nz
Level 1, 83 Beach Road
www.thlonline.com
Auckland City

PO Box 4293, Shortland Street

Auckland 1140, New Zealand




9 April 2019

MEDIA ANNOUNCEMENT

TOURISM HOLDINGS LIMITED (thl)
TH2 ACQUIRES LARGEST SHAREHOLDING IN AUSTRALIA’S LEADING OUTDOOR TOURISM MARKETPLACE

Please find attached the announcement released by TH2 today regarding the merger of TH2’s CamperMate and
Roadtrippers Australasia businesses with Australia’s leading outdoor tourism marketplaces, GoSeeAustralia and
Outdoria.

END

Authorised by:


Rob Campbell
Chairman
Tourism Holdings Limited

For further information contact:
Grant Webster
thl Chief Executive
Direct Dial: +64 9 336 4255 | Mobile: +64 21 449 210

---

131 E. McMicken Ave. Cincinnati, OH 45202



FOR IMMEDIATE RELEASE

TH2 ACQUIRES LARGEST SHAREHOLDING IN AUSTRALIA’S
LEADING OUTDOOR TOURISM MARKETPLACE

Auckland, New Zealand, 9 April 2019 – TH2, a joint venture between Thor Industries and Tourism
Holdings Limited, today announced that it has merged its CamperMate and Roadtrippers Australasia
businesses with Australia’s leading outdoor tourism marketplaces, GoSeeAustralia and Outdoria.

The transaction brings together all four businesses into one entity in which TH2 will become the largest
shareholder with a 35% stake, alongside other shareholders Discovery Holiday Parks, interests
associated with Gerry Ryan (founder and Managing Director of Jayco Australia), and Marketplacer.

The combined businesses will be Australasia’s largest dedicated marketplace for outdoor tourism,
positioned to offer a spectrum of products to satisfy all needs in the camping and outdoor tourism area.
Customers will be able to research, plan and book their camping or self-drive holidays, as well as rent
or buy equipment ranging from campervans to RVs, mountain bikes to surfboards, and more.

TH2 CEO Danny Hest said, “We found the businesses were very complementary, and bringing them
together will create a unique set of features in camping and outdoor adventure experiences. We
believe this transaction positions us well to continue expansion in the region.”

Nick Baker, the CEO of GoSeeAustralia and Outdoria, said, “We’re combining every aspect of outdoor
travel into an integrated experience for the customer. This means they will benefit from having one
place to go when needing to plan, book, equip and then embark upon their outdoor adventures.

“What differentiates our customers’ experience is we’ll be helping travellers along every step of their
journey - from booking a campsite or cabin, to weather forecasts and road closures when they are off
the grid, to offers and local attractions while they are passing through a town,” said Mr. Baker.

With backing from a number of major RV and Tourism participants in Australasia as shareholders,
including Jayco, Discovery Holiday Parks and Tourism Holdings (as the 50% joint venture partner of
TH2), the deal puts the businesses in a strong position to continue growth by leveraging the
relationships of its shareholders as well as its combined member communities.

The transaction completed effective as of Friday 5 April 2019.

About TH2
TH2 is a joint venture of Thor Industries, Inc., the world's largest manufacturer of recreational vehicles
and Tourism Holdings, Ltd. (thl), the world's largest RV rental and sales operator. It serves to bring
the full benefit of digital connectivity and the sharing economy to RV owners around the world. Focused
on enhancing enjoyment and safety of RV enthusiasts, this innovative and comprehensive platform
will improve every aspect of RV ownership. TH2 launched the first edition of Togo, an RV owner's best
friend and mobile companion on the road of RV ownership, in September 2018. Initial capabilities
include the ability to track maintenance, keep service records and contacts handy, as well as set
custom notifications and access helpful travel checklists. Eventually, the app will offer trip planning,
campsite booking, roadside assistance and more. For more information, please see the company’s
website at: https://th2.com/.

About Thor Industries, Inc.
Thor is the sole owner of operating subsidiaries that, combined, represent the world’s largest
manufacturer of recreational vehicles. For more information on the Company and its products, please
go to https://www.thorindustries.com.

About Tourism Holdings Limited (thl)
thl is the largest provider of RVs for rent and sale globally and New Zealand’s premier tourism
company, owning and operating RV rental and sale brands and centers in Australia, New Zealand, the
UK, and the US. For more information, visit: http://www.thlonline.com/.


Forward Looking Statements
This release includes certain statements that are “forward looking” statements within the meaning of
the U.S. Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933,
as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward
looking statements are made based on management’s current expectations and beliefs regarding
future and anticipated developments and their effects upon Thor, and inherently involve uncertainties
and risks. These forward looking statements are not a guarantee of future performance. We cannot
assure you that actual results will not differ materially from our expectations. Factors which could
cause materially different results include, among others, raw material and commodity price
fluctuations; raw material, commodity or chassis supply restrictions; the impact of tariffs on material or
other input costs; the level and magnitude of warranty claims incurred; legislative, regulatory and tax
law and/or policy developments including their potential impact on our dealers and their retail
customers or on our suppliers; the costs of compliance with governmental regulation; legal and
compliance issues including those that may arise in conjunction with recently completed or announced
transactions; lower consumer confidence and the level of discretionary consumer spending; interest
rate fluctuations; the potential impact of interest rate fluctuations on the general economy and
specifically on our dealers and consumers; restrictive lending practices; management changes; the
success of new and existing products and services; consumer preferences; the ability to efficiently
utilize production facilities; the pace of acquisitions and the successful closing, integration and financial
impact thereof; the potential loss of existing customers of acquisitions; our ability to retain key
management personnel of acquired companies; a shortage of necessary personnel for production; the
loss or reduction of sales to key dealers; disruption of the delivery of units to dealers; increasing costs
for freight and transportation; asset impairment charges; cost structure changes; competition; the
impact of potential losses under repurchase agreements; the potential impact of the strength of the
U.S. dollar on international demand; general economic, market and political conditions; and changes

to investment and capital allocation strategies or other facets of our strategic plan. Additional risks and
uncertainties surrounding the acquisition of Erwin Hymer Group SE (the "Erwin Hymer Group") include
risks regarding the anticipated timing of the closing of the acquisition, the potential benefits of the
proposed acquisition and the anticipated operating synergies, the satisfaction of the conditions to
closing the acquisition in the anticipated timeframe or at all, the integration of the business, changes
in Euro-U.S. dollar exchange rates that could impact the mark-to-market value of outstanding
derivative instruments, the impact of exchange rate fluctuations and unknown or understated liabilities
related to the acquisition and Erwin Hymer Group's business. These and other risks and uncertainties
are discussed more fully in Item 1A of our Annual Report on Form 10-K for the year ended July 31,
2018 and Part II, Item 1A of our quarterly report on Form 10-Q for the period ended October 31, 2018.

We disclaim any obligation or undertaking to disseminate any updates or revisions to any forward
looking statements contained in this release or to reflect any change in our expectations after the date
hereof or any change in events, conditions or circumstances on which any statement is based, except
as required by law.

# # #


CONTACT
Mark Trinske
Vice President of Investor Relations
Thor Industries
(574) 970-7912
mtrinske@thorindustries.com