KMD Share Purchase Plan closes oversubscribed

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




18 April 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 CLOSING OF SHARE PURCHASE PLAN

Kathmandu Holdings Limited (ASX:KMD, NZX:KMD) (“Kathmandu” or the “Company”) is pleased to
announce that it’s NZ$8 million Share Purchase Plan (“SPP”) has closed oversubscribed. Under the SPP,
Kathmandu has the ability to accept up to NZ$2 million in oversubscriptions. Kathmandu has elected to accept
oversubscriptions for the full NZ$2 million bringing the total subscriptions under the SPP to NZ$10 million.

Kathmandu’s Chairperson, David Kirk said “we are delighted with the extent of support, both for our
institutional placement last month and for the Share Purchase Plan, and the affirmation by our shareholders of
our growth plans for the business. The Board would like to thank all those shareholders who participated in
the SPP for their continuing support of Kathmandu.”

Under the SPP, the price payable for shares is NZ$2.16, which is the same price paid by investors in the
NZ$40 million institutional placement conducted on 20 March 2018.

The SPP received strong shareholder support with Kathmandu receiving applications from 1,516 eligible
shareholders with subscriptions totalling NZ$14,474,687.84, exceeding the offer size of NZ$8 million by
80.93%. As a result of the oversubscription, in accordance with the terms of the SPP, Kathmandu will scale
back all applications on a proportionate basis having regard to the size of existing shareholdings at 7pm on 19
March 2018 (the record date).

Allotment of the SPP shares is expected to occur on 20 April 2018 with refunds paid to shareholders by either
dir ect credit or by cheque within 5 business days of the allotment date. No interest will be paid on any
application monies returned to shareholders.

The completion of the SPP brings the total capital raise of up to NZ$50 million to a successful conclusion.

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 Media: Helen McCombie
COO/CFO Citadel Magnus
+64 272727573 +61 2 8234 0103