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Profit upgrade

18 December 2014

NZX Market Release

Tourism Holdings Limited (THL)

Profit upgrade

Following the board meeting held today the Directors have upgraded the half year and year end forecast for the year ended 30th June 2015.

With November trading completed and a more definitive view of the peak season trading period the half year forecast Net Profit After Tax (NPAT) has been increased to greater than $5.0 million (up from “greater than $4.0 million” as announced at the November Annual Meeting).

The year end NPAT is now expected to be at least $17 million (increased from “greater than $16 million”) based on the current trading patterns continuing and no significant adverse external events.

Authorised by:

Rob Campbell

Chairman

Tourism Holdings Limited


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