SSH Notice – HB

18 October 2017 NZX ANNOUNCEMENT TOURISM HOLDINGS LIMITED (thl) RE: SSH notice released by HB Holdings Limited thl notes the release of a Substantial Security Holder Notice by HB Holdings Limited, identifying a holding of 7.348%. From the contact information on the SSH Notice, thl understands this entity is part of Citic Capital, a China-based, global investment management company. thl has, to date, had no contact with these entities, although will contact them to acknowledge the holding. thl has had discussions with a number of businesses in a number of countries with an interest in thl's global strategy. We are confident in, and have no intention of altering, the strategy and look forward to updating shareholders today at the Annual Meeting. END Authorised by: Rob Campbell Chairman, Tourism Holdings Limited For further information contact: Grant Webster thl Chief Executive Officer Direct Dial: +64 9 336 4255 Mobile: +64 21 449 210 End CA:00308872 For:THL Type:GENERAL Time:2017-10-18 10:05:36