MCK: Operational Update – 16 February 2021

MILLENNIUM & COPTHORNE HOTELS NEW ZEALAND LIMITED

STOCK EXCHANGE ANNOUNCEMENT 16 February 2021


OPERATIONAL UPDATE – 16 FEBRUARY 2021


Millennium & Copthorne Hotels New Zealand Limited (NZX:MCK) provides the following
update with regard to the impact of the COVID Alert Level changes made by the New Zealand
Government on Sunday evening:

--All of our owned and operated hotels have received multiple cancellations for bookings over
this week and the following weeks in February. Some events which cannot be held under
Level 2 and Level 3 restrictions have also had to be cancelled and, where possible, these
have been postponed to a new date.

--The current number of cancellations and deferrals varies from hotel to hotel and these
disruptions are impacting on MCK’s February 2021 revenue. Given that individual travellers
and businesses are still adjusting and do not know how long the current restrictions will
continue for, we are not presently able to forecast the exact impact on our H1 2021 financial
performance from these cancellations.

--MCK will be releasing its FY2020 results tomorrow, 17 February 2021.


ENDS
Issued by Millennium & Copthorne Hotels New Zealand Limited