Further to our announcements dated 11 April 2017 and 11 August 2017, we wish to announce that the reconstruction of Hayman Island following Tropical Cyclone Debbie is nearing completion with a formal re-opening of the property under the InterContinental brand now scheduled for 1 July 2019.  Insurance proceeds due under the Group’s property and business interruption coverage have now been fully received. The resort will re-open as one of Australia’s most luxurious resort properties and the Group anticipates strong interest from both domestic and international leisure travellers.

This announcement is dated 6 May 2019.