thl Completion of shortfall bookbuild

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




19 July 2019

NZX ANNOUNCEMENT

TOURISM HOLDINGS LIMITED (thl)

TOURISM HOLDINGS COMPLETES SHORTFALL BOOKBUILD

thl (NZX:THL) advises that it has successfully completed the shortfall bookbuild component of its fully
underwritten 1 for 9 pro-rata rights offer, which closed on 16 July 2019.

The clearing price under the shortfall bookbuild was $3.88 per share, a premium of $0.48 per share over the
application price of $3.40 per share under the offer. Therefore, eligible shareholders who did not take up their
full entitlements, and those ineligible to participate in the rights offer, will receive $0.48 for each new share not
taken up by them. Payment is expected to be made by 24 July 2019.

The shares taken up under the offer are expected to be allotted and commence trading on 23 July 2019 and thl’s
$80m capital raising process will be complete.

thl’s shares will recommence trading today.

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