SPH Notice – HB Holdings Limited

100296064/7220193.2
Disclosure of movement of 1% or more in substantial holding
or change in nature of relevant interest, or both
Sections 277 and 278, Financial Markets Conduct Act 2013
To NZX Limited
and
To Tourism Holdings Ltd
Relevant event being disclosed: Movement of 1% or more in substantial holding
Date of relevant event: July 23
rd
, 2019
Date this disclosure made: July 23
rd
, 2019
Date last disclosure made: June 24
th
, 2019
Substantial product holder(s) giving disclosure
Full name(s): HB Holdings Limited
Summary of substantial holding
Class of quoted voting products: Ordinary Shares (NZX Code: THL)
Summary for HB Holdings Limited
For this disclosure,—
(a) total number held in class: 26,789,440
(b) total in class: 146,703,319
(c) total percentage held in class: 18.261%
For last disclosure,—
(a) total number held in class: 22,310,496
(b) total in class: 132,035,883
(c) total percentage held in class: 16.897%
Details of transactions and events giving rise to relevant event
Details of the transactions or other events requiring disclosure: On July 23
rd
, 2019, HB
Holdings Limited acquired 4,478,944 newly issued ordinary shares in Tourism Holdings Ltd
pursuant to the rights offer announced by Tourism Holdings Ltd on June 24
th
, 2019. The
total consideration payable for the shares was $16,188,409.60 (being $3.40 per share for
the 2,478,944 shares for which HB Holdings Limited had a pro rata entitlement under the
rights offer and $3.88 per share for the additional 2,000,000 shares acquired by HB
Holdings Limited pursuant to the shortfall bookbuild).

100296064/7220193.2
Details after relevant event
Details for HB Holdings Limited
Nature of relevant interest(s): Beneficial owner of securities.
No relevant agreement document needs to be attached under regulation 139.
For that relevant interest,—
(a) number held in class: 26,789,440
(b) percentage held in class: 18.261%
(c) current registered holder(s): HSBC Nominees (New Zealand) Limited and Forsyth
Barr Custodians Limited
(d) registered holder(s) once transfers are registered: Not applicable
Additional information
Address(es) of substantial product holder(s): PO Box 309, Ugland House, Grand Cayman,
KY1-1104, Cayman Islands
Contact details: Dennis Wu, (852) 3710 6810, dennispwu@citiccapital.com
Name of any other person believed to have given, or believed to be required to give, a
disclosure under the Financial Markets Conduct Act 2013 in relation to the financial
products to which this disclosure relates: N/A
Certification
I, Dennis Wu, certify that, to the best of my knowledge and belief, the information
contained in this disclosure is correct and that I am duly authorised to make this disclosure
by all persons for whom it is made.