SPH Notice – Morgan Stanley and its Subsidiaries

1

Disclosure of ceasing to have substantial holding

Section 279, Financial Markets Conduct Act 2013

To NZX Limited
and
To TOURISM HOLDINGS LTD (THL)
Date this disclosure made:
21 December 2022
Date last disclosure made: 19 December 2022
Date on which substantial holding ceased: 16 December 2022

Substantial product holder(s) giving disclosure
Full name(s): Morgan Stanley and its Subsidiaries listed in Annexure A

Summary of previous substantial holding
Class of quoted voting products: Ordinary Shares

Summary for Morgan Stanley and its Subsidiaries listed in Annexure A

For last disclosure,—

(a) total number held in class: 12,506,609

(b) total in class: 214,013,477

(c) total percentage held in class: 5.844%

For current holding after ceasing to have substantial holding,—

(a) total number held in class: 1,776,903

(b) total in class: 214,013,477

(c) total percentage held in class: 0.830%

2

Details of transactions and events giving rise to ceasing of substantial holding
Details of the transactions or other events requiring disclosure: set out in the table below


Date of
Transaction
Holder of Relevant Interest Transaction Nature
Considerat
ion
Class and number of
securities
12/15/2022 Morgan Stanley & Co. International plc Borrow Returned N/A 20,670 Ordinary Shares
12/15/2022 Morgan Stanley & Co. International plc Buy 205.08 57 Ordinary Shares
12/15/2022 Morgan Stanley & Co. International plc Buy N/A 366 Swaps
12/15/2022 Morgan Stanley & Co. International plc Sell 301.28 84 Ordinary Shares
12/15/2022 Morgan Stanley & Co. International plc Sell 1,314.54 366 Ordinary Shares
12/15/2022 Morgan Stanley Capital Services LLC Sell N/A 57 Swaps
12/16/2022 Morgan Stanley & Co. International plc Borrow Returned N/A 5,129 Ordinary Shares
12/16/2022 Morgan Stanley & Co. International plc Buy 297.48 82 Ordinary Shares
12/16/2022 Morgan Stanley & Co. International plc Buy N/A 2,519 Swaps
12/16/2022 Morgan Stanley & Co. International plc Buy N/A 3,482 Swaps
12/16/2022 Morgan Stanley & Co. International plc
Decrease in shares held or in respect of which the holder may
exercise right to rehypothecate pursuant to the agreement(s)
N/A 10,700,650 Ordinary Shares
12/16/2022 Morgan Stanley & Co. International plc Sell 107.3 29 Ordinary Shares
12/16/2022 Morgan Stanley & Co. International plc Sell 107.3 29 Ordinary Shares
12/16/2022 Morgan Stanley & Co. International plc Sell 1,075.38 298 Ordinary Shares
12/16/2022 Morgan Stanley & Co. International plc Sell 5,124.50 1,385 Ordinary Shares
12/16/2022 Morgan Stanley & Co. International plc Sell 9,320.30 2,519 Ordinary Shares
12/16/2022 Morgan Stanley & Co. International plc Sell 10,637.50 2,875 Ordinary Shares
12/16/2022 Morgan Stanley & Co. International plc Sell 11,248.00 3,040 Ordinary Shares
12/16/2022 Morgan Stanley & Co. International plc Sell 12,883.40 3,482 Ordinary Shares
12/16/2022 Morgan Stanley Capital Services LLC Buy N/A 1,385 Swaps
12/16/2022 Morgan Stanley Capital Services LLC Buy N/A 2,742 Swaps
12/16/2022 Morgan Stanley Capital Services LLC Buy N/A 29 Swaps
12/16/2022 Morgan Stanley Capital Services LLC Buy N/A 29 Swaps

3

12/16/2022 Morgan Stanley Capital Services LLC Buy N/A 298 Swaps
12/16/2022 Morgan Stanley Capital Services LLC Sell N/A 82 Swaps




Additional information
Address (es) of substantial product holder(s):


Morgan Stanley - 1585 Broadway, New York, NY 10036, United States

Morgan Stanley & Co. International Plc - 25 Cabot Square, Canary Wharf, London E14 4QA, United Kingdom

Morgan Stanley Australia Securities Limited - Level 39, Chifley Tower 2 Chifley Square, Sydney, NSW 2000, Australia

Morgan Stanley Capital Services LLC - 1585 Broadway, New York, NY 10036, United States



Contact details:
Ashish Koltharkar, Phone: +91 22 6514-3501, E- mail: apdoi@morganstanley.com

Nature of connection between substantial product holders:
Each of the entities (as listed in Annexure A) in the Morgan Stanley group is a body corporate that each upstream entity controls and therefore has the
relevant interests that the above entities collectively have.

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

4


Certification
I, Ashish Koltharkar, certify that, to the best of my knowledge and belief, the information contained in this disclosure is correct and that I am duly authorized
to make this disclosure by all persons for whom it is made.

5


Annexure A
List of Morgan Stanley and its subsidiaries that have a relevant interest or deemed to have a relevant interest in the shares.


Entities
└─┬─Morgan Stanley
├─┬─Morgan Stanley Capital Management, LLC
│ └─┬─Morgan Stanley Domestic Holdings, Inc.
│ └───Morgan Stanley Capital Services LLC
└─┬─Morgan Stanley International Holdings Inc.
├─┬─Morgan Stanley (Australia) Securities Holdings Pty Limited
│ └───Morgan Stanley Australia Securities Limited
└─┬─Morgan Stanley International Limited
└─┬─Morgan Stanley Investments (UK)
└───Morgan Stanley & Co. International plc