Clarification: Proceeds of circa $58.3M for UK divestment

Tourism Holdings Limited
470 Oruarangi Road, Māngere,
Auckland 2022
PO Box 4293, Shortland Street,
Auckland 1140, New Zealand
www.thlonline.com



16 February 2026

NZX | ASX | MEDIA RELEASE
TOURISM HOLDINGS LIMITED (thl)

CLARIFICATION: PROCEEDS OF CIRCA $58.3M FOR UK DIVESTMENT

Earlier this morning, Tourism Holdings Limited (NZX:THL, ASX:THL, “thl” or “the Company”) advised that it had
entered into a conditional agreement to sell its UK & Ireland business assets to Indie Campers, an RV rental
company headquartered in Portugal, at net asset value plus goodwill of NZ$8.0M (£3.5M).

thl wishes to clarify that total proceeds from the sale are expected to be circa NZ$58.3M, comprising:
• net asset value of the assets sold of up to approximately NZ$51.7M (£22.7M);
• goodwill of approximately NZ$8.0M (£3.5M); less
• costs associated with certain obligations and other transaction-related expenses of approximately
NZ$1.4M (£0.6M).
In addition, thl has retained ownership of its Edinburgh property and certain inventory vehicles. The Company
intends to sell these assets during calendar 2026 and expects to realise incremental proceeds of up to
NZ$7.0M (£3.1M). These proceeds would be in addition to the proceeds from the sale of the UK & Ireland
business.

ENDS

Authorised by:

Grant Webster
Chief Executive Officer

For further information contact:

Media:
Grant Webster
thl Chief Executive Officer
Direct Dial: +64 9 336 4255
Mobile: +64 21 449 210

Investors and Analysts:
Amir Ansari
General Manager – Investor Relations & Group Planning
Direct Dial: +64 9 336 4203
Mobile: +64 21 163 8053

About thl (www.thlonline.com)

thl is a global tourism operator listed on the NZX and ASX (code: THL) and is the largest commercial RV rental operator
in the world. In New Zealand/Australia, thl operates rental brands (Maui, Britz, Apollo, Mighty, Hippie, Cheapa Campa),
manufacturing (Action Manufacturing), retail brands (Talvor, Kea, Winnebago, Adria, Coromal, Windsor), retail
dealerships (RV Super Centre, Apollo RV Sales, George Day, Camperagent), travel technology (Triptech) and tourism
attractions (Kiwi Experience and the Discover Waitomo Group, which includes Waitomo Glowworm Caves, Ruakuri Cave,
Aranui Cave and The Legendary Black Water Rafting Co.). In North America, thl operates the Road Bear RV, El Monte RV,
CanaDream, Britz and Mighty rental brands.