SPH Notice – NovaPort Capital Pty Ltd

Disclosure of movement of 1% or more in substantial holding
or change in nature of relevant interest, or both
Sections 277 and 278, 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
Relevant event being disclosed: Change of interests of substantial holder
Date of relevant event: 19 July 2018
Date this disclosure made: 23 July 2018
Date last disclosure made: 01 August 2017
Substantial product holder(s) giving disclosure
Full name(s): NovaPort Capital Pty Ltd (ACN 140 833 656)
Summary of substantial holding
Class of quoted voting products: Ordinary Fully Paid Shares in KMD
Summary for NovaPort Capital Pty Ltd:
For this disclosure,—
(a) total number held in class: 13,518,094
(b) total in class: 225,314,819
(c) total percentage held in class: 6.00%
For last disclosure,—
(a) total number held in class: 15,194,513
(b) total in class: 201,497,120
(c) total percentage held in class: 7.54%
Details of transactions and events giving rise to relevant event
Details of the transactions or other events requiring disclosure: purchased on-market and
purchased off-market as set out more fully in Annexure 2.
Details after relevant event
Details for NovaPort Capital Pty Ltd
Nature of relevant interest(s): Non-beneficial owner (pursuant to an investment
management contract) of Ordinary Fully Paid Shares in KMD. A relevant agreement need
not be attached pursuant to regulation 142.

For that relevant interest,—
(a) number held in class: 13,518,094
(b) percentage held in class: 6.00%
(c) current registered holder(s): See Annexure 1
(d) registered holder(s) once transfers are registered: Not applicable
For a derivative relevant interest, also—
(a) type of derivative: N/A
(b) details of derivative: N/A
(c) parties to the derivative: N/A
(d) if the substantial product holder is not a party to the derivative, the nature of the
relevant interest in the derivative: N/A
Additional information
Address(es) of substantial product holder(s): Level 2, 5 Martin Place, Sydney, NSW, 2000
Contact details: Andrew Brown, Company Secretary: abrown@challenger.com.au;
+61 2 9994 7468
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: Challenger Limited and its associated entities is
also giving disclosure in relation to these financial products.

Certification
I, Andrew Brown, 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.

Annexure 1

Holder of relevant
interest
Registered holder of
securities
Class and number of
securities
NovaPort Capital Pty Ltd BNP Paribas Nominees Pty
Limited
5,881,986 (Ordinary Fully
Paid)
NovaPort Capital Pty Ltd Citicorp Nominees Pty
Limited
4,582,839 (Ordinary Fully
Paid)
NovaPort Capital Pty Ltd J P Morgan Nominees
Australia Limited
3,053,269 (Ordinary Fully
Paid)

Annexure 2: Transactions
Transactions:
Company Name: Kathmandu Holdings Limited (KMD)
As at: 19/07/2018
Class of security: Ordinary Fully Paid


Date of Change
Holder of relevant
interest
Nature of
Change
NZ
Consideration
Number of
Securities
Person's Votes
Affected
26/09/2017
NovaPort Capital
Pty Ltd Buy 368,153.05 160,439.00

160,439
26/09/2017 as above Buy 199,454.19 86,921.00
86,921
26/09/2017 as above Buy 23,508.80 10,245.00
10,245
27/09/2017 as above Buy 19,543.79 8,536.00
8,536
27/09/2017 as above Buy 10,589.27 4,625.00
4,625
27/09/2017 as above Buy 1,247.82 545.00
545
31/01/2018 as above Sell 105,428.35 - 44,000.00
44,000
06/02/2018 as above Buy 159,183.50 70,634.00
70,634
08/02/2018 as above Buy 22,163.23 9,366.00
9,366
01/03/2018 as above Buy 33,947.36 15,405.00
15,405
01/03/2018 as above Buy 83,655.29 37,962.00
37,962
01/03/2018 as above Buy 104,266.10 47,315.00
47,315
21/03/2018 as above Sell 1,444,250.15 - 603,234.00
603,234
26/03/2018 as above Buy - Placement 962,820.24 448,897.00
448,897
26/03/2018 as above Buy - Placement 1,223,486.96 570,428.00
570,428
26/03/2018 as above Buy - Placement 393,665.06 183,539.00
183,539
26/03/2018 as above Buy - Placement 637,314.48 297,136.00
297,136

08/05/2018 as above Sell 3,212.74 - 1,201.00
1,201
08/05/2018 as above Sell 4,290.79 - 1,604.00
1,604
08/05/2018 as above Sell 2,394.18 - 895.00
895
08/05/2018 as above Sell 1,364.28 - 510.00
510
30/05/2018 as above Sell 20,454.31 - 8,360.00
8,360
30/05/2018 as above Sell 27,317.27 - 11,165.00
11,165
30/05/2018 as above Sell 15,235.52 - 6,227.00
6,227
30/05/2018 as above Sell 8,690.63 - 3,552.00
3,552
31/05/2018 as above Sell 29,667.45 - 12,159.00
12,159
31/05/2018 as above Sell 39,617.61 - 16,237.00
16,237
31/05/2018 as above Sell 22,098.70 - 9,057.00
9,057
31/05/2018 as above Sell 12,602.39 - 5,165.00
5,165
01/06/2018 as above Sell 40,188.30 - 16,412.00
16,412
01/06/2018 as above Sell 53,673.36 - 21,919.00
21,919
01/06/2018 as above Sell 29,935.53 - 12,225.00
12,225
01/06/2018 as above Sell 17,072.43 - 6,972.00
6,972
04/06/2018 as above Sell 34,538.63 - 14,037.00
14,037
04/06/2018 as above Sell 46,127.79 - 18,747.00
18,747
04/06/2018 as above Sell 25,727.43 - 10,456.00
10,456
04/06/2018 as above Sell 14,674.68 - 5,964.00
5,964
05/06/2018 as above Sell 4,109.62 - 1,676.00
1,676
05/06/2018 as above Sell 5,490.12 - 2,239.00
2,239
05/06/2018 as above Sell 3,062.60 - 1,249.00
1,249
05/06/2018 as above Sell 1,745.85 - 712.00
712

08/06/2018 as above Sell 5,081.66 - 2,079.00
2,079
08/06/2018 as above Sell 6,790.21 - 2,778.00
2,778
08/06/2018 as above Sell 3,786.19 - 1,549.00
1,549
08/06/2018 as above Sell 2,158.31 - 883.00
883
12/06/2018 as above Sell 16,238.76 - 6,557.00
6,557
12/06/2018 as above Sell 21,684.70 - 8,756.00
8,756
12/06/2018 as above Sell 12,095.48 - 4,884.00
4,884
12/06/2018 as above Sell 6,899.68 - 2,786.00
2,786
13/06/2018 as above Sell 59,781.63 - 24,410.00
24,410
13/06/2018 as above Sell 79,839.45 - 32,600.00
32,600
13/06/2018 as above Sell 44,528.86 - 18,182.00
18,182
13/06/2018 as above Sell 25,396.79 - 10,370.00
10,370
14/06/2018 as above Sell 32,497.95 - 13,201.00
13,201
14/06/2018 as above Sell 43,398.70 - 17,629.00
17,629
14/06/2018 as above Sell 24,206.68 - 9,833.00
9,833
14/06/2018 as above Sell 13,805.66 - 5,608.00
5,608
15/06/2018 as above Sell 84,540.87 - 34,514.00
34,514
15/06/2018 as above Sell 112,903.24 - 46,093.00
46,093
15/06/2018 as above Sell 62,973.32 - 25,709.00
25,709
15/06/2018 as above Sell 35,916.52 - 14,663.00
14,663
18/06/2018 as above Sell 23,287.59 - 9,467.00
9,467
18/06/2018 as above Sell 31,102.61 - 12,644.00
12,644
18/06/2018 as above Sell 17,347.01 - 7,052.00
7,052
18/06/2018 as above Sell 9,893.60 - 4,022.00
4,022

19/06/2018 as above Sell 28,374.39 - 11,545.00
11,545
19/06/2018 as above Sell 37,893.14 - 15,418.00
15,418
19/06/2018 as above Sell 21,133.95 - 8,599.00
8,599
19/06/2018 as above Sell 12,052.66 - 4,904.00
4,904
20/06/2018 as above Sell 37,622.19 - 15,255.00
15,255
20/06/2018 as above Sell 50,241.82 - 20,372.00
20,372
20/06/2018 as above Sell 28,023.65 - 11,363.00
11,363
20/06/2018 as above Sell 15,983.57 - 6,481.00
6,481
21/06/2018 as above Sell 43,601.18 - 17,659.00
17,659
21/06/2018 as above Sell 58,227.91 - 23,583.00
23,583
21/06/2018 as above Sell 32,475.59 - 13,153.00
13,153
21/06/2018 as above Sell 18,522.91 - 7,502.00
7,502
22/06/2018 as above Sell 87,078.52 - 35,067.00
35,067
22/06/2018 as above Sell 116,293.41 - 46,832.00
46,832
22/06/2018 as above Sell 64,861.29 - 26,120.00
26,120
22/06/2018 as above Sell 36,994.78 - 14,898.00
14,898
12/07/2018 as above Sell 42,197.24 - 13,886.00
13,886
12/07/2018 as above Sell 42,197.24 - 13,886.00
13,886
12/07/2018 as above Sell 56,260.97 - 18,514.00
18,514
12/07/2018 as above Sell 56,260.97 - 18,514.00
18,514
13/07/2018 as above Sell 76,425.47 - 24,916.00
24,916
13/07/2018 as above Sell 76,422.40 - 24,915.00
24,915
13/07/2018 as above Sell 57,319.10 - 18,687.00
18,687
16/07/2018 as above Sell 52,220.44 - 16,629.00
16,629

16/07/2018 as above Sell 52,220.44 - 16,629.00
16,629
16/07/2018 as above Sell 39,162.98 - 12,471.00
12,471
17/07/2018 as above Sell 122,996.23 - 39,941.00
39,941
17/07/2018 as above Sell 122,999.31 - 39,942.00
39,942
17/07/2018 as above Sell 92,247.95 - 29,956.00
29,956
19/07/2018 as above Sell 6,041,978.45 - 1,908,532.00
1,908,532
Total Number of Securities -1,676,419