SAGA Investor Update

ST&H Limited (Saga Tours) balance sheet and ring fence • Ring fenced Group Saga Transport Ltd ST&H Transport Ltd Destinology Ltd Titan Travel (UK) Ltd Titan Transport (UK) Ltd SAGA Investor update 2 April 2020 ST&H Limited The CAA require us to hold cash and bonding within the ring fence to support customers advanced receipts. At the end of March balances included: Advanced receipts £69m Cash deposits £55m % held as cash 80% Bonding in favour of. CAA £32.8m ABTA £18.8m IATA £7.8m £59.4m 29

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