‘Thomas Cook {india} Ld. il Thomas Cook Building, Dr. D.N. Road, Fort, Mumbai- 400001 Boatd: 93-22-6160 3333, CIN: Le3040MH1978PLC020717 | ‘A FAIRFAX Company — News Release Travel Smooth SAY thomascook. ‘Thomas Cook Press Office: 022 66091380 Pressofice@in thomascook com Thomas Cook India receives Bombay High Court approval for merger with Sterling Holiday Resorts Mumbai, July 14 2018: Thomas Cook (India) Ltd, India's leading integrated travel and traveh related financial Services Company has received approval of the High Court of Bombay for its merger with Sterling Holiday Resorts (India) Limited, vide order dated July 2, 2015. The shareholder approval had earlier been oblained by way of a postal ballot and a court convened meeting The High Court of Bombay tas vartiuned the composite scheme of arrangement and amalgamation between Stering Holiday Resorts (india) Limited, Thomas Cook Insurance Services (India) Limited and Thomas Cook Inia) Limited and ther respective shareholders and creditors under the court process, (Once tho High Court Order is fled with and approved by the rolevant authontios, Thomas Cook {Cri} Lid wil iniliale the process for issue of shares to shareholders of Steriing Holiday Resorts (lnia) Limited Speaking on the announcement, Mr. Madhavan Menon, Managing Director, Thomas Cook (India) Ltd said, "The Company's strategic investment in Sterling Holiday Resorts is delivering well for us, Sterling Resorts having tuned profitable, declaring its first proft in 18 years- of Rs 8 ‘Mn for the FY ended March 31, 2015 With a clear roadmap, Sterling has ‘taken strong, Confident strides this year with upgrades of 6 existing resorts and opening of 4 new resorts (at Corbett, Daman, Shirdi and Dindi), to bring ts network to a total of 24 resorts across India.” He concluded by stating, “As the now diversified Thomas Cook (India) Group, we are confident of robust performances that broaden our business services platferm 0 increase shareholder value.Thomas Cook {India)Led. ‘Thomas Cook Building, Dr D.N.-Road, For Mumbai- 400001 | i) Travel Smooth Board: +91-22-6160 3333 | thomascook.in ‘CIN: Les04oMH1978P\C020717 A FAIREAX Company About Thomas Cook (India) Limited: ‘Thomas Cook (nda) Ltd (TCIL) isthe gading integrate travel and Wie related financial services company inthe counityalfering @ broad spectrum of services that include Foreign Exchange, Corporate Trave, MICE, Leisure Travel, Insurance, Visa & Passport services and E-Business. The company sel up fst offce in india in 1681, TeIL's footprint curently extends to over 233 locations (including 18 aiport counters) in 94 cites across India, Mauritius & Soi Lanka and is supported by 2 strong parrer network of 118 Gold Circle Parinars and 112 Preferred Sales Agents in aver 130 cites across Indi. ICRA has assigned long tem rating of ICRA AA. Stable’ to Thomas Cook (India) Ltd's non convertible debenture programme, CRISIL thas assigned long term rating of CRISIL AA, stable outtook to the non convertible debenture programme and banking facies and short term rating of CRISIL At to TCIL's banking faciibes. ‘Thomas Cook (india) Ltd has been voted 2s Favourite Outbound Tour Operator atthe Outlook Traveller Awards 2015, Best Tour Operator - Outbound at the CNBC AWAAZ Travel Awards 2015, 2014 & 2013 and Best Company providing Foreign Exchang. {he CNBC AWAAZ Travel Awards 2015 & 2044; flctated with Diamond Award i Exemplary Achievements in Visa Issuance at the Fronch Ambassadors Travel Awards Ceremony 2016 honored as ‘India's Leading Tour Operator for the year 20%4, at the 2ist Annual World Travel Awards Asia & Australasia 2014, Best Tour Operator at the Lonely Planet Travel Awards 2043, Favourite Tour Operstar at the Condé Nast Traveller Readers’ Travel Awards 2044, 2013, 2012 & 2041 and recognized as “Constimer Superbrand” 2012-14 & 2012-2043. In addition, TCIL has been chosen as the Best Corporate Travel Management Company by World Travel Brands 2012. At the National Tourism Awards 20122083, TCIL was the recipient of 3 prestigious awards. Thomas Cook India’s Centre of Learaing has received IATA accreditation as “Top 10 South Asia IATA Authorized {raining Centers"2015, 2013 & 2012 For more information. please visit wwe thomascook “Thomas Cook (India) Limited is promoted by Fairfax Financlal Holdings \imited through its wholy-ouned subsidiary, Faktbridge Capt (Mauritius) Limited and is contoled afates. Fairrdge is responsibie fo the execution of acquisition and investment epportunies in {he Indian sudcontinent on behalf of the Farax family of companies About Fairfax Financial Holdings Limited: Fairfax Financial Holdings Limited is 2 Toronto-based tinancial sorvcas holiing company with a glabal presence in insurance and reinsurance and a portfolio of assets in excess of $35 billon ivested workdwde. The Company, founded in 1985 by the present Chairman and Chief Executive Officer, Prom Watse, has over the past 25 years, demonstrated a strong financial rack record to achieve ‘an annul appreciation in Book Valve por Share of 24.7% aanualy, Fairfax has almost 20 general insurance subsidies and joint ‘ventures globally, inclusing ICICI Lombar (Ini). Fairfax is engaged in long term investments from Its own resources, wih a focus to delivering long term capital appreciation through @ exible and valve ftented approach. Farax Financial Holdings through Thomas Cook (Inca) La owns 72.96% on a fully dled basis, ff the Ques Goep Limited (fomerly IKYA Human Capital Solutions Limited), a provider of specialised Human Resource related ‘Services and 55.01% of Stering Holly Reser (India) I46, engaged in time share and resort business an holiday activites, ‘About Quess Corp Limited (formerly IKYA Human Capital Solutions Limited) Quess Corp Limited is a market leading business sorvices entiy with interests in Asset Management, IT Services and HR services, Headquartered in Bangalore, the Group tas more tan 80000 employees, operates in 27 ces In Inca, the North America, Miadle East ‘and South East Asia. The group has grown through a series of acquisitions in the last seven years and has INR 2,200 crores as revenue. Quess Corp Limited is @ subsidiary of Thomas. Cook (India) Ltd, For more information visit hit wer quesscorp com About Sterling Holiday Resorts (Ina) Limited: Stering Holiday Resorts (India) Limited, a pioneer in vacation ownership and a leasing leisure hospitality company in India, was Incorporated in 1986 withthe vision of delvering great holiday experiences to Indian famives. Staring Holidays’ network includes 1767 rooms across 24 resoris in 21 scenic haliday destinations pan India. The company also has 15 adaranal stes where ft plans to add ew resorts in the caming years. For more information visit ‘ww seringholidays.com For Media Enquiries please contact: “Thomas Cook (India) Limited: Suzanne Pereira +01-9820207666; suzanne persian thomascock com Perfect Relations: Rika Avora +01-9820910855, rarorag@peclacrelaions. com Wottdays _>_basineis Travel _- Foreign Exchange > Visas > Insurance Registered office: Tomas Cook (Inia) Led. Thomas Cook Building. Or. D N Road, Fore Mumbai - 400 002,