SPH Notice – Wilson Asset Management International Pty Ltd

1
Disclosure of beginning to have substantial holding
Section 276, Financial Markets Conduct Act 2013
To NZX Limited
and
To Tourism Holdings Limited
Date this disclosure made: 09/10/2020
Date on which substantial holding began: 07/10/2020
Substantial product holder(s) giving disclosure
Full name(s): Wilson Asset Management International Pty Limited and its Associates
(Wilson Asset Management Group) as defined in Appendix A
Summary of substantial holding
Class of quoted voting products: Ordinary Shares, ISIN: NZHELE0001S9
Summary for Wilson Asset Management Group
For this disclosure,—
(a) total number held in class: 7,425,674
(b) total in class: 148,040,927
(c) total percentage held in class: 5.02%
Details of relevant interests
Details for: WAM Capital Limited
Nature of relevant interest(s): Beneficial owner
For that relevant interest,—
(a) number held in class: 3,456,956
(b) percentage held in class: 2.34%
(c) current registered holder(s): HSBC Custody Nominees (Australia) Limited
(d) registered holder(s) once transfers are registered: WAM Capital Limited
For a derivative relevant interest, also—
(a) type of derivative: n/a
(b) details of derivative: n/a
(c) parties to the derivative: n/a

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(d) if the substantial product holder is not a party to the derivative, the nature of the
relevant interest in the derivative: n/a
Details for: WAM Research Limited
Nature of relevant interest(s): Beneficial owner
For that relevant interest,—
(a) number held in class: 1,200,025
(b) percentage held in class: 0.81%
(c) current registered holder(s): HSBC Custody Nominees (Australia) Limited
(d) registered holder(s) once transfers are registered: WAM Research Limited
For a derivative relevant interest, also—
(a) type of derivative: n/a
(b) details of derivative: n/a
(c) parties to the derivative: n/a
(d) if the substantial product holder is not a party to the derivative, the nature of the
relevant interest in the derivative: n/a
Details for: Botanical Nominees Pty Limited ATF Wilson Asset Management Equity Fund
Nature of relevant interest(s): Beneficial owner
For that relevant interest,—
(a) number held in class: 159,279
(b) percentage held in class: 0.11%
(c) current registered holder(s): HSBC Custody Nominees (Australia) Limited
(d) registered holder(s) once transfers are registered: Botanical Nominees Pty Limited
ATF Wilson Asset Management Equity Fund
For a derivative relevant interest, also—
(a) type of derivative: n/a
(b) details of derivative: n/a
(c) parties to the derivative: n/a
(d) if the substantial product holder is not a party to the derivative, the nature of the
relevant interest in the derivative: n/a

3
Details for: WAM Microcap Limited
Nature of relevant interest(s): Beneficial owner
For that relevant interest,—
(a) number held in class: 1,839,741
(b) percentage held in class: 1.24%
(c) current registered holder(s): HSBC Custody Nominees (Australia) Limited
(d) registered holder(s) once transfers are registered: WAM Microcap Limited
For a derivative relevant interest, also—
(a) type of derivative: n/a
(b) details of derivative: n/a
(c) parties to the derivative: n/a
(d) if the substantial product holder is not a party to the derivative, the nature of the
relevant interest in the derivative: n/a
Details for: WAM Global Limited
Nature of relevant interest(s): Beneficial owner
For that relevant interest,—
(a) number held in class: 769,673
(b) percentage held in class: 0.52%
(c) current registered holder(s): HSBC Custody Nominees (Australia) Limited
(d) registered holder(s) once transfers are registered: WAM Global Limited
For a derivative relevant interest, also—
(a) type of derivative: n/a
(b) details of derivative: n/a
(c) parties to the derivative: n/a
(d) if the substantial product holder is not a party to the derivative, the nature of the
relevant interest in the derivative: n/a

4
Details of transactions and events giving rise to substantial holding
Details of the transactions or other events requiring disclosure: Refer to Appendix B
Additional information
Address(es) of substantial product holder(s): Refer to Appendix A
Contact details: Martyn McCathie
Ph: +61 2 9258 4917
email: martyn@wilsonassetmanagement.com.au
Nature of connection between substantial product holders:
WAM Capital Limited: Related body corporate
WAM Microcap Limited: Related body corporate
WAM Research Limited: Related body corporate
WAM Global Limited: Related body corporate
Botanical Nominees Pty Limited: Related body corporate
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: Not applicable
Certification
I, Martyn McCathie, 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.


Date: 09/10/20
Martyn McCathie
Head of Operations

Appendix A
Wilson Asset Management Group
Details of Wilson Asset Management Group
Addresse
s
NameAddress
Wilson Asset Management (International) Pty Limited
Level 26,1 Farrer Place, Sydney, NSW 2000
MAM Pty Limited
Level 26,1 Farrer Place, Sydney, NSW 2000
WAM Capital Limited
Level 26,1 Farrer Place, Sydney, NSW 2000
WAM Research Limited
Level 26,1 Farrer Place, Sydney, NSW 2000
WAM Active Limited
Level 26,1 Farrer Place, Sydney, NSW 2000
Botanical Nominees Pty Limited
Level 26,1 Farrer Place, Sydney, NSW 2000
WAM Leaders Limited
Level 26,1 Farrer Place, Sydney, NSW 2000
WAM Microcap Limited
Level 26,1 Farrer Place, Sydney, NSW 2000
WAM Global Limited
Level 26,1 Farrer Place, Sydney, NSW 2000
HSBC Custody Nominees (Australia) LimitedLevel 32, 580 George Street, Sydney NSW 2000
Signed: _______________________

Date: 09/10/20
Botanical Nominees Pty Limited as trustee of the Wilson Asset Management Equity Fund
WAM Research Limited
WAM Global Limited
WAM Leaders Limited
WAM Microcap Limited
Name
Wilson Asset Management (International) Pty Limited
MAM Pty Limited
WAM Capital Limited
WAM Active Limited

Appendix B
Date of change Persons whose relevant interest changedNature of change (4)
Consideration given in
relation to change (5)
Number of securities
affected (6)
Class of securities
affected (6)
Persons votes
affected
8-Jun-20
Botanical Nominees Pty Limited as trustee of the
Wilson Asset Mana
gement Equity Fund
On Market Purchase - 33,887.33 14,098 Ordinary Shares 14,098
8-Jun-20 WAM Ca
pital LimitedOn Market Purchase - 728,339.66 303,008 Ordinary Shares 303,008
8-Jun-20 WAM Global Limited On Market Purchase - 186,310.62 77,510 Ordinar
y Shares 77,510
8-Jun-20 WAM Research LimitedOn Market Purchase - 253,311.29 105,384 Ordinary Shares 105,384
9-Jun-20 Botanical Nominees Pt
y Limited as trustee of the On Market Purchase - 31,862.47 13,389 Ordinary Shares 13,389
9-Jun-20 WAM Ca
pital LimitedOn Market Purchase - 684,611.22 287,682 Ordinary Shares 287,682
9-Jun-20 WAM Research LimitedOn Market Purchase - 235,426.29 98,929 Ordinary Shares 98,929
9-Jun-20
Botanical Nominees Pty Limited as trustee of the
Wilson Asset Management Equity Fund
On Market Purchase - 31,862.47 13,389 Ordinary Shares 13,389
9-Jun-20 WAM Ca
pital LimitedOn Market Purchase - 684,611.22 287,682 Ordinary Shares 287,682
9-Jun-20 WAM Research LimitedOn Market Purchase - 235,426.29 98,929 Ordinary Shares 98,929
10-Jun-20
Botanical Nominees Pty Limited as trustee of the
Wilson Asset Mana
gement Equity Fund
On Market Purchase - 15,854.12 6,846 Ordinary Shares 6,846
10-Jun-20 WAM Ca
pital LimitedOn Market Purchase - 338,450.50 146,147 Ordinary Shares 146,147
10-Jun-20 WAM Research LimitedOn Market Purchase - 108,859.87 47,007 Ordinar
y Shares 47,007
11-Jun-20
Botanical Nominees Pty Limited as trustee of the
Wilson Asset Mana
gement Equity Fund
On Market Purchase - 23,796.62 10,269 Ordinary Shares 10,269
11-Jun-20 WAM Ca
pital LimitedOn Market Purchase - 508,004.07 219,220 Ordinary Shares 219,220
11-Jun-20 WAM Research LimitedOn Market Purchase - 163,396.93 70,511 Ordinar
y Shares 70,511
12-Jun-20
Botanical Nominees Pty Limited as trustee of the
Wilson Asset Mana
gement Equity Fund
On Market Purchase - 8,089.91 3,555 Ordinary Shares 3,555
12-Jun-20 WAM Ca
pital LimitedOn Market Purchase - 172,673.46 75,879 Ordinary Shares 75,879
12-Jun-20 WAM Research LimitedOn Market Purchase - 55,539.33 24,406 Ordinar
y Shares 24,406
15-Jun-20
Botanical Nominees Pty Limited as trustee of the
Wilson Asset Mana
gement Equity Fund
On Market Purchase - 15,541.06 6,846 Ordinary Shares 6,846
15-Jun-20 WAM Ca
pital LimitedOn Market Purchase - 331,767.45 146,147 Ordinary Shares 146,147
15-Jun-20 WAM Research LimitedOn Market Purchase - 106,710.32 47,007 Ordinar
y Shares 47,007
16-Jun-20
Botanical Nominees Pty Limited as trustee of the
Wilson Asset Mana
gement Equity Fund
On Market Purchase - 32,494.06 14,987 Ordinary Shares 14,987
16-Jun-20 WAM Ca
pital LimitedOn Market Purchase - 701,238.21 323,427 Ordinary Shares 323,427
16-Jun-20 WAM Research LimitedOn Market Purchase - 241,935.18 111,586 Ordinar
y Shares 111,586
16-Jun-20
Botanical Nominees Pty Limited as trustee of the
Wilson Asset Mana
gement Equity Fund
On Market Purchase - 32,494.06 14,987 Ordinary Shares 14,987
16-Jun-20 WAM Ca
pital LimitedOn Market Purchase - 701,238.21 323,427 Ordinary Shares 323,427
16-Jun-20 WAM Research LimitedOn Market Purchase - 241,935.18 111,586 Ordinar
y Shares 111,586
18-Jun-20
Botanical Nominees Pty Limited as trustee of the
Wilson Asset Mana
gement Equity Fund
On Market Purchase - 1,837.78 896 Ordinary Shares 896
18-Jun-20 WAM Ca
pital LimitedOn Market Purchase - 39,676.36 19,344 Ordinary Shares 19,344
18-Jun-20 WAM Research LimitedOn Market Purchase - 13,689.00 6,674 Ordinar
y Shares 6,674
19-Jun-20
Botanical Nominees Pty Limited as trustee of the
Wilson Asset Mana
gement Equity Fund
On Market Purchase - 13,125.72 6,661 Ordinary Shares 6,661
19-Jun-20 WAM Ca
pital LimitedOn Market Purchase - 283,256.26 143,746 Ordinary Shares 143,746
19-Jun-20 WAM Research LimitedOn Market Purchase - 97,724.65 49,593 Ordinar
y Shares 49,593
22-Jun-20
Botanical Nominees Pty Limited as trustee of the
Wilson Asset Mana
gement Equity Fund
On Market Purchase - 6,505.34 3,304 Ordinary Shares 3,304
22-Jun-20 WAM Ca
pital LimitedOn Market Purchase - 140,258.70 71,236 Ordinary Shares 71,236
22-Jun-20 WAM Research LimitedOn Market Purchase - 50,128.96 25,460 Ordinar
y Shares 25,460
26-Jun-20
Botanical Nominees Pty Limited as trustee of the
Wilson Asset Mana
gement Equity Fund
On Market Purchase - 3,339.75 1,652 Ordinary Shares 1,652
26-Jun-20 WAM Ca
pital LimitedOn Market Purchase - 72,006.61 35,618 Ordinary Shares 35,618
26-Jun-20 WAM Research LimitedOn Market Purchase - 25,735.42 12,730 Ordinar
y Shares 12,730
30-Jun-20
Botanical Nominees Pty Limited as trustee of the
Wilson Asset Mana
gement Equity Fund
On Market Purchase - 6,619.23 3,304 Ordinary Shares 3,304
30-Jun-20 WAM Ca
pital LimitedOn Market Purchase - 142,714.12 71,236 Ordinary Shares 71,236
30-Jun-20 WAM Research LimitedOn Market Purchase - 51,006.53 25,460 Ordinar
y Shares 25,460
1-Jul-20
Botanical Nominees Pty Limited as trustee of the
Wilson Asset Mana
gement Equity Fund
On Market Purchase - 3,538.32 1,815 Ordinary Shares 1,815
1-Jul-20 WAM Ca
pital LimitedOn Market Purchase - 76,310.89 39,144 Ordinary Shares 39,144
1-Jul-20 WAM Research LimitedOn Market Purchase - 27,275.33 13,991 Ordinar
y Shares 13,991
21-Jul-20 WAM Microca
p LimitedOn Market Purchase - 26,019.41 14,915 Ordinary Shares 14,915
12-Aug-20
Botanical Nominees Pty Limited as trustee of the
Wilson Asset Mana
gement Equity Fund
On Market Purchase - 2,669.82 1,530 Ordinary Shares 1,530
12-Au
g-20 WAM Capital LimitedOn Market Purchase - 57,343.63 32,862 Ordinary Shares 32,862
12-Au
g-20 WAM Research LimitedOn Market Purchase - 19,554.28 11,206 Ordinary Shares 11,206
2-Sep-20
Botanical Nominees Pty Limited as trustee of the
Wilson Asset Mana
gement Equity Fund
On Market Sale 38,213.74 17,727 Ordinary Shares 17,727
2-Se
p-20 WAM Capital LimitedOn Market Sale 786,797.33 364,988 Ordinary Shares 364,988
2-Se
p-20 WAM Research LimitedOn Market Sale 252,828.93 117,285 Ordinary Shares 117,285
7-Sep-20
Botanical Nominees Pty Limited as trustee of the
Wilson Asset Mana
gement Equity Fund
On Market Sale 11,165.62 5,242 Ordinary Shares 5,242
7-Se
p-20 WAM Capital LimitedOn Market Sale 243,807.66 114,462 Ordinary Shares 114,462
7-Se
p-20 WAM Research LimitedOn Market Sale 84,930.74 39,873 Ordinary Shares 39,873
14-Sep-20
Botanical Nominees Pty Limited as trustee of the
Wilson Asset Mana
gement Equity Fund
On Market Purchase - 7,281.99 3,334 Ordinary Shares 3,334
14-Se
p-20 WAM Capital LimitedOn Market Purchase - 157,187.41 71,967 Ordinary Shares 71,967
14-Se
p-20 WAM Research LimitedOn Market Purchase - 53,946.56 24,699 Ordinary Shares 24,699
18-Sep-20
Botanical Nominees Pty Limited as trustee of the
Wilson Asset Mana
gement Equity Fund
On Market Purchase - 14,361.14 6,259 Ordinary Shares 6,259
18-Se
p-20 WAM Capital LimitedOn Market Purchase - 310,004.87 135,109 Ordinary Shares 135,109
18-Se
p-20 WAM Global Limited On Market Purchase - 76,858.19 33,497 Ordinary Shares 33,497
18-Se
p-20 WAM Research LimitedOn Market Purchase - 106,395.03 46,370 Ordinary Shares 46,370
18-Se
p-20 WAM Microcap LimitedOn Market Purchase - 180,724.70 78,765 Ordinary Shares 78,765
22-Sep-20
Botanical Nominees Pty Limited as trustee of the
Wilson Asset Mana
gement Equity Fund
On Market Purchase - 7,500.13 3,334 Ordinary Shares 3,334
22-Se
p-20 WAM Capital LimitedOn Market Purchase - 161,894.01 71,966 Ordinary Shares 71,966
22-Se
p-20 WAM Research LimitedOn Market Purchase - 55,564.88 24,700 Ordinary Shares 24,700
23-Sep-20
Botanical Nominees Pty Limited as trustee of the
Wilson Asset Mana
gement Equity Fund
On Market Purchase - 19,582.54 8,691 Ordinary Shares 8,691
23-Se
p-20 WAM Capital LimitedOn Market Purchase - 477,015.41 211,706 Ordinary Shares 211,706
23-Se
p-20 WAM Research LimitedOn Market Purchase - 194,477.97 86,312 Ordinary Shares 86,312
25-Sep-20
Botanical Nominees Pty Limited as trustee of the
Wilson Asset Mana
gement Equity Fund
On Market Purchase - 2,401.06 1,068 Ordinary Shares 1,068
25-Se
p-20 WAM Capital LimitedOn Market Purchase - 52,182.68 23,211 Ordinary Shares 23,211
25-Se
p-20 WAM Global Limited On Market Purchase - 11,847.95 5,270 Ordinary Shares 5,270
25-Se
p-20 WAM Research LimitedOn Market Purchase - 18,120.39 8,060 Ordinary Shares 8,060
25-Se
p-20 WAM Microcap LimitedOn Market Purchase - 27,857.29 12,391 Ordinary Shares 12,391
7-Oct-20
Botanical Nominees Pty Limited as trustee of the
Wilson Asset Mana
gement Equity Fund
On Market Purchase - 7,437.04 3,345 Ordinary Shares 3,345
7-Oct-20 WAM Ca
pital LimitedOn Market Purchase - 148,598.48 66,836 Ordinary Shares 66,836
7-Oct-20 WAM Research LimitedOn Market Purchase - 50,634.12 22,774 Ordinar
y Shares 22,774
7-Oct-20 WAM Microca
p LimitedOn Market Purchase - 66,459.78 29,892 Ordinary Shares 29,892
Signed: _______________________

Date: 09/10/2020