Market update – thl/Apollo merger

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



Self drive
Experiences
New Zealand
Australia
USA
UK


Design &
Manufacturing
New Zealand
Australia

Guided
Experiences
New Zealand


16 February 2022

NZX ANNOUNCEMENT
TOURISM HOLDINGS LIMITED (thl)

Market update - thl/Apollo merger

Following thl’s announcement on 10 December 2021 that it had entered into a conditional
Scheme Implementation Deed with Apollo Tourism & Leisure Limited (Apollo) to merge
through an Australian Scheme of Arrangement, whereby thl acquires all shares in Apollo (the
Scheme), thl wishes to provide an update in respect of the Scheme.

thl understands that, based on information received to date, the preliminary view of the Apollo
Board is that they intend to unanimously recommend that Apollo shareholders approve the
Scheme, and that the Independent Expert intends to, based on the information it has received
to date, conclude that the Scheme is in the best interests of the Apollo shareholders who will
be voting in respect of the Scheme, in the absence of a superior proposal.

thl understands that these preliminary views are publicly available. thl notes that the above
views are not final and could be subject to change.

A court hearing is scheduled for Friday 18
th
February with the Supreme Court of Queensland
where it is intended that court approval of the final Scheme Booklet is obtained. Following the
Supreme Court of Queensland’s approval and subject to the final approvals of the respective
Board’s of thl and Apollo, the documentation will be lodged with the Australian Securities and
Investment Commission. thl will provide an update, including a copy of the final Scheme
Booklet and an update on the preliminary result for H1 FY22, once that process is complete.

ENDS

Authorised by:



Grant Webster
thl Chief Executive

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.