European specialist holiday group

Holidaybreak plc TODAY’S PRESENTATION Introduction: Group overview and industry trends Strategy and track record Division by division: Hotel Breaks; Adventure Travel; Camping Outlook and summary

Holidaybreak plc THREE OPERATING DIVISIONS Balanced portfolio of specialist holiday businesses CAMPING Pre-sited mobile- home and canvas holidays in nine European countries £159.4m* (47%) £113.7m* (33%) HOTEL BREAKS Leisure hotel stays for UK and Dutch customers ADVENTURE TRAVEL Group escorted tours to 130 countries worldwide *Pro-forma 2005 sales (TTV) £69.6m (20%) £69.6m (20%)

Holidaybreak plc OVERVIEW Portfolio of specialist businesses, all market leaders in their sectors Increasingly European Increasingly online Well placed to grow Emphasis on cash, margins and profitability

Pressure on vertically integrated operators and traditional airlines CHANGING LANDSCAPE OF TRAVEL SECTOR The Consumer - huge range of choice - shorter more frequent holidays - long haul travel - later bookings - more independent/tailor made/flexible - holidays with purpose (activity/special interest) Pressure on vertically integrated operators and traditional airlines Internet Low cost airlines Specialist holiday providers prospering TRAVEL

Holidaybreak plc GROUP STRATEGY Specialist holiday businesses Market leadership Industry leading margins Cash generation and attractive dividend payout Flexible cost structures Increasing emphasis on online

Holidaybreak plc 2005 RESULTS IN SUMMARY Best ever performance in terms of headline PBT and free cashflow Results in line with City expectations Hotel Breaks and Adventure Travel Divisions now 2/3rds of Group sales Newly acquired Dutch businesses perform well Camping continues to deliver strong cash on reduced capacity

Holidaybreak plc OUR RECORD (1) Turnover Profit Before Tax* £m *Before goodwill amortisation and impairment and exceptional operating costs

Holidaybreak plc OUR RECORD (2) *Before goodwill amortisation and impairment and exceptional operating costs Earnings per Share* Pence Dividend

Holidaybreak plc 2005 RESULTS (1) Turnover + 7.6% to £303.0m (2004: £281.6m) Profit before tax +14.3% to £32.0m (2004: £28.0m) Dividend + 10% to 26.6p Net debt increased by £10.4m 23% ROIC (2004: 24%)

Holidaybreak plc 2005 RESULTS (2) *Before goodwill amortisation and impairment and exceptional operating costs European specialist holiday group

Hotel Breaks Division OVERVIEW 2.45m customers (2004: 1.70m) - including 0.65m from Bookit, the #1 Dutch player London impacted by 7/7 Bookit developing differentiated content (bungalows and small hotels) Business increasingly moving online (Bookit already at 85%, Superbreak at 25%) Strongly cash generative – no capacity commitments

Hotel Breaks Division 2005 SALES – Revenue by Destination Netherlands - 16% Rest of UK - 48% London - 25% Overseas - 11% European specialist holiday group

Adventure Travel Division OVERVIEW 60,000 customers (2004: 41,000) - including 15,000 from Djoser, the #1 Dutch player Business model remains flexible - skill is in raising tour load factors Broader portfolio reduces destination risk Brand being extended – family, walking, cycle - 80 tours added (+20%) for current year Increasingly online - Explore 25% - Djoser 65%

Adventure Travel Division 2005/6 SALES Tour Destinations (2006) Explore UK 51% Djoser 37% Explore Overseas Agents 4% RegalDive 7%

Camping Division OVERVIEW 523,000 customers (2004: 570,000) European business – one third of sales non-UK Strong repeat business - high call conversions - customer satisfaction high Developing online capability Capital expenditure tightly controlled Highly cash generative For 2006, right-size the business - taking out further 16% capacity to reflect weaker low season demand and shifts in consumer preferences

Germany, Switzerland & Austria 11% Camping Division 2005 SALES Revenues by market Germany, Switzerland & Austria 11% Other 3% Netherlands 19% UK & Ireland 67% European specialist holiday group

Holidaybreak plc DIVISIONAL STRATEGY HOTEL BREAKS - Increase distribution reach – UK and overseas - Extend business into European markets – organic growth and acquisition - Expand range of products - evolving consumer aspirations - Develop mutually beneficial relationships with hotels ADVENTURE TRAVEL - Consolidate market leadership position in European ‘soft adventure’ sector - Develop new products to drive growth of division - Expand online business to 50% in three years - Identify and capitalise on synergies with Djoser - Manage load factors to drive profitability CAMPING - Improve occupancy rates, optimise yields and increase margins - Retain tight control of costs in line with capacity - Develop E-commerce initiatives and affiliate relationships to target new customer groups – UK and overseas - Increase consumer reach of existing brand portfolio and increase differentiation of brands - Develop mobile-home holiday distribution business – campsite owned accommodation European specialist holiday group

Holidaybreak plc CORPORATE CALENDAR Interim Results – 17 May 2006 Interim ex-dividend – July 2006 Trading update – September 2006