thl Rights offer close announcement

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




18 July 2019

NZX ANNOUNCEMENT

TOURISM HOLDINGS LIMITED (thl)

TOURISM HOLDINGS CLOSES RIGHTS OFFER AND COMMENCES SHORTFALL BOOKBUILD

thl (NZX:THL) advises that approximately 10 million new shares, at a price of $3.40 per share, were taken up by
shareholders under its fully underwritten 1 for 9 pro rata rights offer, which closed on 16 July 2019. This
represents approximately 68% of the new shares available to eligible shareholders under the rights offer. The new
shares taken up under the rights offer are expected to be allotted on 23 July 2019.

Shortfall bookbuild

Approximately 4.6 million shares, out of a total rights issue offer size of approximately 14.7 million shares, were
not taken up by shareholders under the rights offer and will be offered through the shortfall bookbuild, to be
conducted by Jarden Securities Limited.

The bookbuild is expected to be completed today.

Shareholders who did not take up their full entitlements in the rights offer and ineligible shareholders will receive
a pro-rata share of any premium achieved (being the amount by which the shortfall bookbuild price and exceeds
the application price for new shares of $3.40 per new share), for the rights which they did not or could not take
up. There is no guarantee that the shortfall bookbuild will result in a premium.

For questions about this Offer, shareholders should consult their broker, solicitor, accountant, financial adviser, or
other professional adviser or call thl’s Share Registrar, Link Market Services, on +64 9 375 5998.

END

For further information contact:

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

Jennifer Bunbury
thl CFO
Direct Dial: +64 9 336 4212 | Mobile: +64 21 118 4955