MFS Living and Leisure Applies for NZ Listing

Thursday 24 May 2007

MFS Living and Leisure Applies for New Zealand Listing

Leisure operator MFS Living and Leisure Group (ASX: MPY) today confirmed it has applied for an overseas listing on the NZSX to list in New Zealand.

The listing application will proceed regardless of the outcome of the MFS Living and Leisure $2.80 per ordinary share full takeover offer for Tourism Holdings Limited (NZX: THL).

MFS Living and Leisure chief executive Marshall Vann said the listing was logical given MFS Living and Leisure’s intentions in New Zealand.

“Through our takeover offer for Tourism Holdings we have indicated our commitment to the New Zealand market.

“Our application to NZX for this listing affirms that commitment.”

Mr Vann said the overseas listing in New Zealand will allow local shareholders to more easily invest in a strong leisure sector business.

“The listing will allow New Zealand-based investors to buy and sell securities in MFS Living and Leisure through a New Zealand broker in New Zealand dollars,” Mr Vann said.

NZX is currently processing the application and subject to this, MFS Living and Leisure expects the listing to be imminent.

ENDS

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