KMD – Completion of Placement Bookbuild

Kathmandu Holdings Limited
223 Tuam Street, Christchurch 8011
PO Box 1234, Christchurch 8140, New Zealand
Phone: +64 3 373 6110 Fax: +64 3 373 6116
kathmandu.co.nz

249 Park Street, South Melbourne, Victoria 3205
PO Box 984, South Melbourne, Victoria 3205, Australia
Phone: +61 3 9267 9999 Fax: +61 3 9267 9933
kathmandu.com.au




21 March 2018


ASX Market Announcements Market Information
ASX Limited NZX Limited
Level 4, Exchange Centre Level 1, NZX Centre
20 Bridge Street 11 Cable Street
Sydney NSW 2000 Wellington 6011
Australia New Zealand

Via e-lodgement

KATHMANDU ANNOUNCES SUCCESSFUL COMPLETION OF NZ$40 MILLION INSTITUTIONAL SHARE
PLACEMENT

Kathmandu Holdings Limited (ASX:KMD, NZX:KMD) (“Kathmandu” or the “Company”) is pleased to
announce the successful completion of an underwritten institutional share placement (the “Placement”) of
approximately 18.5 million new fully paid ordinary shares to raise NZ$40 million. The issue price of NZ$2.16
represents a 10.0 percent discount to the closing price on the NZX of NZ$2.40 on 19 March 2018.

The Placement was undertaken to partially fund the acquisition of Obōz Footwear, LLC (“Oboz”) for a base cash
consideration of US$60 million and earn-out consideration of US$15 million
1
.

Commenting on the Placement, Kathmandu CEO Xavier Simonet said: “The Placement was oversubscribed
and very well supported by our existing institutional shareholders, with strong demand also coming from new
institutional shareholders. We look forward to completing the Share Purchase Plan component of the offer, which
opens on Monday, 26 March 2018.”

“The acquisition of Oboz represents a unique and exciting opportunity to expand our presence in the key North
American outdoor wholesale market. We are pleased to see such strong support from our shareholders, which
is an endorsement of our strategy to accelerate Kathmandu’s international growth.”

Settlement of the Placement is scheduled to occur on Friday, 23 March and Monday, 26 March 2018 for the
ASX and NZX respectively, with allotment of all shares on Monday, 26 March 2018. The new shares issued
under the placement will rank equally with existing Kathmandu fully paid ordinary shares on issue.

SHARE PURCHASE PLAN

As previously announced, Kathmandu is planning to raise up to NZ$8 million (plus the ability to accept up to
NZ$2 million in oversubscriptions) through a Share Purchase Plan ("SPP") under which the price payable for
shares will be NZ$2.16, the same as the price paid by investors participating in the Placement. Eligible
shareholders with a registered address in New Zealand or Australia as at 7.00pm NZDT on Monday, 19 March
2018 may apply to purchase up to NZ$15,000/A$13,950 worth of new Kathmandu shares under the SPP. The
SPP will not be underwritten and Kathmandu reserves the right (in its absolute discretion) to accept over
subscriptions of up to NZ$2 million (up to NZ$10 million in total)
2
.


1
An amount equal to the potential earn-out component (being US$15 million) is required to be held in escrow. The earn-out consideration
is payable subject to Oboz achieving CY18 financial milestones.
2 If applications exceed NZ$10 million, application will be scaled on a proportionate basis with regard to the size of existing shareholdings.

Kathmandu Holdings Ltd
223 Tuam Street, Christchurch 8011
PO Box 1234, Christchurch 8140, New Zealand
Phone: +64 3 373 6110 Fax: +64 3 373 6116
kathmandu.co.nz

249 Park Street, South Melbourne, Victoria 3205
PO Box 984, South Melbourne, Victoria 3205, Australia
Phone: +61 3 9267 9999 Fax: +61 3 9267 9933
kathmandu.com.au

Further details in relation to the SPP will be included in the SPP booklet to be released to the market and sent
to eligible shareholders next week.
About Kathmandu Holdings Limited

With sales of c. NZ$450 million (US$315 million) and c. 2,000 employees, Kathmandu is an iconic outdoor brand
from New Zealand and a vertically integrated retailer specialised in clothing and equipment for adventure travel
and the outdoors. Kathmandu puts a strong focus on sustainability. The company operates 164 stores across
Australia and New Zealand with key product categories of insulation, rainwear, fleece, packs & bags and
camping. Kathmandu is a public company listed on the Australian and New Zealand stock exchanges.

For further information please contact:

Kathmandu: Reuben Casey
COO/CFO
+64 272727573

Media: Helen McCombie
Citadel Magnus
+61 2 8234 0103


NOT FOR RELEASE OR DISTRIBUTION IN THE UNITED STATES

This announcement has been prepared for publication in Australia and New Zealand and may not be released
or distributed in the United States. This announcement does not constitute an offer to sell, or a solicitation of an
offer to buy, securities in the United States or any other jurisdiction. Any securities described in this
announcement have not been, and will not be, registered under the US Securities Act of 1933 and may not be
offered or sold in the United States except in transactions exempt from, or not subject to, the registration of the
US Securities Act and applicable US state securities laws.