SPH Notice - Accident Compensation Corporation (ACC)

Disclosure of movement of 1% or more in substantial holding or change in
nature of relevant interest or both
Sections 277 and 278, Financial Markets Conduct Act 2013
To New Zealand Stock Exchange
and
To Tourism Holdings Ltd
Relevant event being disclosed: Movement of 1% or more
Date of relevant event: 14 June 2025
Date this disclosure made: 16 June 2025
Date last disclosure made: 15 August 2024
Substantial product holder(s) giving disclosure
Full Name(s): Accident Compensation Corporation (ACC)
Summary of substantial holding
Class of quoted voting products: Ordinary shares (THL NZ, THL AU)
Summary for: Accident Compensation Corporation (ACC)
For this disclosure,—
(a) Total number held in class: 17,533,094
(b) Total in class: 221,098,068
(c) Total percentage held in class: 7.930%
For last disclosure,—
(a) Total number held in class: 21,712,189
(b) Total in class: 218,224,409
(c) Total percentage held in class: 9.949%
Details of transactions and events giving rise to relevant event
Details of the transactions or other events requiring disclosure:
From 15 August 2024 to 14 June 2025, ACC had the following aggregated on-market
transactions in Tourism Holdings Ltd:
• Sales of 667,644 NZX listed shares for consideration of NZ$1,221,003.90
• Purchases of 864,019 NZX listed shares for consideration of NZ$1,537,460.53
• Purchases of 46,491 ASX listed shares for consideration of AU$75,592.30

On 14 June 2025, ACC entered into an agreement with 5382917 Limited (SPV) under which
ACC irrevocably committed to sell, and SPV irrevocably agreed to purchase, 4,421,961 NZX
listed shares on-market for an aggregate consideration of NZ$9,949,412.25. The on-market
trades took place on Monday, 16 June 2025, with settlement to occur on Wednesday, 18 June
2025.

Details after relevant event
Details for ACC
Nature of relevant interest(s):
Beneficial owner of securities under §235(1)(b) of the Financial Markets Conduct Act

No relevant agreement document needs to be attached under regulation 139.
For that relevant interest,—
(a) Number held in class: 17,533,094
(b) Percentage held in class: 7.930%
(c) Current registered holder(s): ACC holds 16,313,798 NZX listed shares via New Zealand
Central Securities Depository Limited (NZCSD) and 1,219,296 ASX listed shares
indirectly via J.P Morgan Nominees Australia Ltd
(d) Registered holder(s) once transfers are registered: 4,421,961 shares with 5382917
Limited (SPV), others unknown

For a derivative relevant interest, also—
(a) type of derivative: n/a
(b) details of derivative: n/a
(c) parties to the derivative: n/a
(d) if the substantial product holder is not a party to the derivative, the nature of the relevant
interest in the derivative: n/a
Additional information
Address of substantial product holder(s):
ACC: Justice Centre, 19 Aitken Street, PO Box 242, Wellington, NZ
Contact details: Matthew Cunliffe +64 4 816 5743 investmentscompliance@acc.co.nz
In accordance with the Financial Markets Authority’s Guidance Note: Guidance on Substantial
Product Holder Disclosures issued on 27 September 2017, ACC has not made disclosures for
employees who manage the financial products of which ACC is the beneficial owner.
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: n/a
Certification
I, Matthew Cunliffe, certify that, to the best of my knowledge and belief, the information
contained in this disclosure is correct and that I am duly authorised to make this disclosure by
all persons for whom it is made.