GENERAL: THL: THL - Approach to Shareholders

3 Mar 2010 5:21 pm

THL 03/03/2010 GENERAL

REL: 1721 HRS Tourism Holdings Limited

GENERAL: THL: THL - Approach to Shareholders

TOURISM HOLDINGS LIMITED APPROACH TO SHAREHOLDERS

THL has become aware of an unsolicited proposal by a person in Australia to some THL shareholders. This seeks an option to acquire THL shares.

Neither THL management nor the Board has received any meaningful information about the proposal. In particular, there is no information as to the substance of the person making the proposal, the number of shares in respect of which options are sought, or what steps if any are intended to be taken to comply with the Takeovers Code or the Overseas Investment Act (if they apply).

If a formal notice is received that complies with the Takeovers Code, the Board would review it and make a recommendation to shareholders.

In the meantime shareholders should seek their own financial advice and the THL Board recommends that THL shareholders ignore this approach.

Announcement authorised by: Chairman Tourism Holdings Limited

For further information contact:

Grant Webster Chief Executive Tourism Holdings Limited Direct Dial: +64 9 336 4255 Mobile: +64 21 449 210

Ian Lewington Chief Financial Officer Tourism Holdings Limited Direct Dial: +64 9 336 4212 Mobile: +64 21 952 254 End CA:00192050 For:THL Type:GENERAL Time:2010-03-03:17:21:47

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