SSH – Harbour Asset Management Limited

100080615/3821102.1
1
Disclosure of beginning to have substantial holding
Section 276, Financial Markets Conduct Act 2013
Note: This form must be completed in accordance with the instructions at the end of the
form.
To NZX Limited
and
To Kathmandu Holdings Limited (KMD)
Date this disclosure made: 17 February 2017
Date on which substantial holding began: 16 February 2017
Substantial product holder(s) giving disclosure
Full name(s): Harbour Asset Management Limited
Summary of substantial holding
Class of quoted voting products: Kathmandu Holdings Limited Ordinary shares (KMD)
Summary for Harbour Asset Management Limited
For this disclosure,—
(a) total number held in class: 10,268,144
(b) total in class: 201,484,583
(c) total percentage held in class: 5.096%
Details of relevant interests
Details for Harbour Asset Management Limited
Nature of relevant interest(s): As fund manager, the power to exercise a right to vote
attached to, and power to acquire or dispose of, the products, under powers of investment
contained in investment management contracts with clients (the beneficial owners of the
products).
For that relevant interest,—
(a) number held in class: 10,268,144
(b) percentage held in class: 5.096%
(c) current registered holder(s): Various nominee companies on behalf of clients as
beneficial owners.
(d) registered holder(s) once transfers are registered: Various nominee companies on
behalf of clients as beneficial owners.

100080615/3821102.1
2
Details of transactions and events giving rise to substantial holding
On 4 February 2015, (the date of the previous substantial holding notice), Harbour Asset
Management Limited had a relevant interest in 9,031,180 (4.553%) KMD Ordinary Shares.
From 4 February 2015 to 16 February 2017, as a result of normal on-market trading
activity involving the sale of 9,629,197 ordinary shares for $14,516,400.35 and purchases
of 10,866,161 ordinary shares for $20,339,602.48 Harbour Asset Management has
increased their relevant interest to 10,268,144 (5.096%) ordinary KMD shares.
Additional information
Address(es) of substantial product holder(s): Harbour Asset Management Limited, Level
16, 171 Featherston Street, Wellington
Contact details: Kate Livingston, + 64 9 307 5747, kate.livingston@fnzc.co.nz
Name of any other person believed to have given, or believed to be required to give, a
disclosure under the Financial Markets Conduct Act 2013 in relation to the financial
products to which this disclosure relates: None
Certification
I, Kate Livingston, certify that, to the best of my knowledge and belief, the information
contained in this disclosure is correct and that I am duly authorised to make this disclosure
by all persons for whom it is made.