MARKET UPDATE ON RESPONSE TO CDLHHNZ TAKEOVER NOTICE

23 January 2025


MARKET UPDATE ON RESPONSE TO CDL HOTELS HOLDINGS
NEW ZEALAND LIMITED’S TAKEOVER NOTICE

Millennium & Copthorne Hotels New Zealand Limited (the Company or MCK) advises that, in
response to the takeover notice received from CDL Hotels Holdings New Zealand Limited (CDLHH
NZ) on 20 January 2025, MCK has appointed Cameron Partners Limited and Bell Gully to assist it
in responding to the takeover notice from CDLH.

The Company has also appointed Northington Partners Limited to prepare an independent
adviser report under the Takeovers Code, and the Takeovers Panel has approved that
appointment.

MCK recommends that shareholders do not take any action in respect of their shares until they receive a
target company statement, including any recommendation from independent directors of MCK, and the
independent adviser’s report. Shareholders who are considering selling their shares before then are
recommended to seek their own professional advice.

In addition, the takeover notice does not apply to the listed redeemable preference shares in MCK
(MCKPA). Any holders of preference shares who are considering selling those shares to CDLHH NZ
through any broker facility it offers are recommended to seek their own professional advice.


-ENDS-
Issued by Millennium & Copthorne Hotels New Zealand Limited
For investor relations enquiries, please contact:
Stuart Harrison, Managing Director
M: +64 21 869 216

About Millennium & Copthorne Hotels New Zealand Limited
Millennium & Copthorne Hotels New Zealand Limited (NZX:MCK) is the only NZX listed hotel owner – operator with 18 owned / leased / franchised hotels
based in New Zealand under the Millennium, Grand Millennium, M Social, Copthorne and Kingsgate brands. As part of the Millennium & Copthorne Hotels
group, we are proud to be part of a global network of over 120 properties in gateway cities across Asia, Europe, North America, the Middle East and New
Zealand. MCK is also the majority shareholder in land developer CDL Investments New Zealand Limited (NZX:CDI) and also has property interests in
Australia through its Kingsgate Group subsidiaries including a 50% ownership interest in the Sofitel Brisbane Central through a joint venture.
For more information, visit our website:
www.millenniumhotels.co.nz