Ann: ASSET: THL: THL - sale of 155 Beach Road Auc

• Release Date: 05/09/13 18:18
• Summary: ASSET: THL: THL - sale of 155 Beach Road Auckland
• Price Sensitive: No
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THL
05/09/2013 16:18
ASSET

REL: 1618 HRS Tourism Holdings Limited

ASSET: THL: THL - sale of 155 Beach Road Auckland

TOURISM HOLDINGS LIMITED ("thl")
Sale of 155 Beach Road Auckland

thl advises that it has an unconditional contract on its Auckland property -
155 Beach Road for $950k with settlement due by the end of September 2013.
The sale price is the same as the carrying value in the June 2013 accounts
and the proceeds will be used to reduce debt.

thl is continuing to explore options regarding its Hamilton property.

Ends

Announcement authorised by:

Ian Lewington
Chief Financial Officer
Tourism Holdings Limited
DDI:   +64 9 336 4212
Mobile:  +64 21 952 254
End CA:00240762 For:THL    Type:ASSET      Time:2013-09-05 16:18:21