Update - Australasian Manufacturing

8 December 2025 NZX | ASX | MEDIA RELEASE TOURISM HOLDINGS LIMITED (thl) UPDATE – AUSTRALASIAN MANUFACTURING Tourism Holdings Limited (NZX:THL, ASX:THL, “thl” or “the Company”) today advises that, following a comprehensive review, it will be closing its RV manufacturing factory in Brisbane, effective 19 December, and transitioning all production to Action Manufacturing in Hamilton, New Zealand. This change is expected to result in a reduction of approximately 110 frontline and support roles in Australia. Chief Executive Officer, Grant Webster, said “first and foremost I want to acknowledge the significant impact this decision will have on our manufacturing crew in Brisbane. It is reflective of the sustained downturn in the broader Australian RV manufacturing industry, the recent consolidation of thl’s dealership footprint as part of the Australian Retail strategic initiative, and the fact that thl has completed a significant part of its Australasian fleet regrowth programme. Over the past two financial years, fleet numbers across Australasia have grown by 45% as we have responded to recovering international tourism and rental demand. Maintaining manufacturing operations in both countries enabled thl to achieve that level of recovery in a short timeframe. “The transition of production to New Zealand will allow thl to immediately capture the cost advantage opportunities, and to maintain strong overhead leverage despite expected lower overall manufacturing volumes across Australasia. It is one of several strategic actions underway in what we view as a transition year, positioning thl for a stronger platform heading into FY27.” While a proportion of frontline role reductions will be offset in New Zealand during 2026 as thl ramps up production, the majority of support roles will not be duplicated and will instead leverage existing roles already in place in New Zealand. In addition, thl expects to exit the lease on the Brisbane factory at some point in 2026. Together, these changes are expected to deliver substantial and ongoing overhead cost savings. “We remain committed to the Australian market, anchored by an RV rental business that continues to have a strong forward order book”, said Grant Webster. ENDS Authorised by: Cathy Quinn ONZM Chair, Tourism Holdings Limited 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. In UK and Europe, thl operates the Just go, Apollo and Bunk Campers rental brands.