HB Holdings SPH Update

30 October 2017 NZX ANNOUNCEMENT TOURISM HOLDINGS LIMITED (thl) RE: HB Holdings Limited thl has noted the further increase in shareholding by the China-based investment group. thl has a strongly articulated global strategy, which it is rolling out. We have no reason to think that this should not continue. We are proud of our New Zealand culture and approach. We believe there is further upside in our business and ability to grow value to our shareholders. We are hopeful New Zealand and other investors will continue to support our business and growth strategy. 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:00309423 For:THL Type:GENERAL Time:2017-10-30 08:38:11