thl sells Mighway and SHAREaCAMPER to Camplify

Tourism Holdings Limited
Tel: +64 9 336 4299
The Beach House
Fax: +64 9 309 9269
Level 1, 83 Beach Road
www.thlonline.com
Auckland City

PO Box 4293, Shortland Street

Auckland 1140, New Zealand



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26 October 2021

MEDIA | NZX RELEASE
TOURISM HOLDINGS LIMITED (thl)

SALE OF PEER TO PEER BUSINESSES MIGHWAY AND SHAREACAMPER TO ASX LISTED CAMPLIFY
HOLDINGS (ASX:CHL)

Summary:
 thl has entered into an agreement to sell Mighway and SHAREaCAMPER to Camplify Holdings
Limited (CHL) for a purchase price of AUD$7.37M (subject to closing adjustments).
 The purchase price is to be satisfied by CHL issuing new fully paid ordinary shares to thl.
 Shares will be issued in two equal tranches. The first tranche will be issued on completion and the
second tranche will be issued 12 months after completion.
 The issue price for the first tranche is AUD$3.34, being the 20 day volume weighted average price
(VWAP) for CHL shares prior to signing of the agreement. The issue price for the second tranche will
be the lesser of the first issue price and the 60 day VWAP for CHL shares prior to the second issue
date (with the VWAP subject to a minimum of AUD$1.42).
 An ongoing strategic relationship formed between thl and CHL including thl providing managed
services for Camplify RV owners through the thl owned RV Super Centre (RVSC) network.
thl today announces that it has entered into an agreement to sell the Mighway and SHAREaCAMPER
businesses to ASX listed entity Camplify Holdings Limited for AUD$7.37M. Based on the purchase price,
the sale represents a profit on sale of the businesses of approximately NZD$6.3M, subject to closing
adjustments.

As part of the transaction, additional commercial agreements will be entered into providing the basis
for a strategic relationship between the two companies. thl will provide managed services to Camplify
RV owners and the two companies will work together on opportunities to grow both Camplify and thl’s
RVSC business.

Grant Webster, thl Chief Executive Officer, said “this transaction ensures that thl maintains a presence
in the peer-to-peer sector in New Zealand, and benefits from the scale that Camplify has achieved in
Australia.

“We will be able to continue to leverage the benefits of the RV owner network for the thl RVSC sales,
service and retail businesses, while minimising the financial risks to thl.

As a shareholder of Camplify we look forward to benefiting from the opportunities Camplify creates,
which are different to the commercial owned-fleet model that thl operates globally, and delivering on
the growth opportunities that exist for our RVSC business.

We thank all the thl crew that have been involved in creating these businesses in New Zealand and
enabling this opportunity.”

Camplify CEO and founder Justin Hales said “we’re excited about the opportunities that will be created
by establishing a relationship between our companies. This acquisition delivers Camplify a strategic and
targeted growth opportunity in two of our key markets that complements our growth and enables the
benefit of thl joining our share register.”

The sale is expected to complete on 30 November 2021 and is conditional on approval being obtained
for the assignment of Mighway’s customer insurance contract to Camplify.

ENDS

Authorised by:

Rob Campbell
Chair, Tourism Holdings Limited

For further information contact:
Grant Webster
thl Chief Executive Officer
Direct Dial: +64 9 336 4255
Mobile: +64 21 449 210

About thl (www.thlonline.com)

thl is a global tourism operator. We are listed on the NZX and are the largest provider of RVs for rent and
sale in Australia and New Zealand, and the second largest in North America. In the USA, we own and
operate the Road Bear RV Rentals & Sales brand and El Monte RV Rentals & Sales. In the UK, thl owns
49% of Just go Motorhomes. Within New Zealand, we operate Kiwi Experience and the Discover Waitomo
group, which includes Waitomo Glowworm Caves, Ruakuri Cave, Aranui Cave and The Legendary Black
Water Rafting Co. thl also owns and operates Action Manufacturing, New Zealand’s largest motorhome
and specialist vehicle manufacturer.