Travel Restrictions Update

13 March 2020 MEDIA | NZX RELEASE TOURISM HOLDINGS LIMITED (thl) TRAVEL RESTRICTIONS UPDATE In light of the new travel restrictions announced related to the COVID-19 pandemic, thl has reviewed its previous FY20 NPAT guidance of around $24M. While we believe that this remains a possibility, there are too many uncertainties for this to remain as thl's guidance. As a result we do not expect to provide financial guidance for the remainder of the FY20 year. Despite the challenges facing the industry, thl has a strong balance sheet with low debt levels, significant undrawn facilities and high quality asset backing. ENDS Authorised by: Grant Webster For further information contact: Grant Webster thl Chief Executive Direct Dial:+64 9 336 4255 Mobile: +64 21 449 210 End CA:00349875 For:THL Type:MKTUPDTE Time:2020-03-13 08:31:14