thl Completion of shortfall bookbuild

19 July 2019 NZX ANNOUNCEMENT TOURISM HOLDINGS LIMITED (thl) TOURISM HOLDINGS COMPLETES SHORTFALL BOOKBUILD thl (NZX:THL) advises that it has successfully completed the shortfall bookbuild component of its fully underwritten 1 for 9 pro-rata rights offer, which closed on 16 July 2019. The clearing price under the shortfall bookbuild was $3.88 per share, a premium of $0.48 per share over the application price of $3.40 per share under the offer. Therefore, eligible shareholders who did not take up their full entitlements, and those ineligible to participate in the rights offer, will receive $0.48 for each new share not taken up by them. Payment is expected to be made by 24 July 2019. The shares taken up under the offer are expected to be allotted and commence trading on 23 July 2019 and thl's $80m capital raising process will be complete. thl's shares will recommence trading today. END For further information contact: Grant Webster thl Chief Executive Direct Dial: +64 9 336 4255 | Mobile: +64 21 449 210 Jennifer Bunbury thl CFO Direct Dial: +64 9 336 4212 | Mobile: +64 21 118 4955 End CA:00337857 For:THL Type:OFFER Time:2019-07-19 08:33:42