SPH Notice – Challenger Limited

10
0080615/3821107.1 1
Disclosure of ceasing to have substantial holding
Section 279, 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: 19 October 2018
Date last disclosure made: 23 July 2018
Date on which substantial holding ceased: 16 October 2018
Substantial product holder(s) giving disclosure
Full name(s): Challenger Limited (ACN 106 842 371) and its entities listed in Annexure 2.
Summary of previous substantial holding
Class of quoted voting products: Ordinary Fully Paid Shares in KMD
Summary for NovaPort Capital Pty Ltd:
For last disclosure,—
(a)total number held in class: 13,571,798
(b)total in class: 225,314,819
(c)total percentage held in class: 6.02%
For current holding after ceasing to have substantial holding,—
(a)total number held in class: 7,889,812
(b)total in class: 225,781,068
(c)total percentage held in class: 3.49%
Details of transactions and events giving rise to ceasing of substantial holding
Details of the transactions or other events requiring disclosure: purchased on market and
sale (via off market transfer).
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

10
0080615/3821107.1 2
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: NovaPort Capital Pty Limited.
Certification
I, Andrew Brown, certify that, to t he 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 who m it is made.

Transactions:
Company
Name/Scheme:
Kathmandu Holdings Ltd (KMD)
As at:16/10/2018
Class of security:Ordinary Fully Paid
Date of ChangeHolder of relevant
interest
Nature of Change Consideration Number of
Securities
Person's Votes
Affected
11/10/2018
Challenger Limited
(and its entities listed
in Annexure 2)Buy173,735

65,31465,314
12/10/2018 as abov
eBuy258,644 94,68694,686
15/10/2018 as abov
eBuy108,052 40,00040,000
16/10/2018 as abov
eSell - transfer15,646,0835, 881,986-5, 881,986
Total Number of Securities-5,747,300
Annexure 1: Transactions
Page 1 of 1

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255 FINANCE INVESTMENTS PTY LTD
255 FINANCE PTY LTD
ACCURIUM HOLDINGS PTY LTD
ACCURIUM PTY LTD
AGRICULTURAL ASSET MANAGEMENT
LIMITED
ALLFINE HOLDINGS PTY LTD
ALPHINITY INVESTMENT MANAGEMENT PTY LTD
APPIA EUROPE LIMITED
APPIA FINANCE 2 LIMITED
APPIA FINANCE LIMITED
APPIA GROUP LIMITED
APPIA INVESTMENTS LIMITED
ARDEA INVESTMENT MANAGEMENT PTY LTD
AVENIR CAPITAL PTY LTD
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CDPG AUSTRALIA PTY LIMITED
CDPG LUXEMBOURG HOLDINGS SARL
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CDPG MALTA LIMITED
CESCADE PTY LIMITED
CHALLENGER DIRECT
PTY LTD
CHALLENGER DIVERSIFIED PROPERTY DEVELOPMENT PTY LIMITED
CHALLENGER DPG FRANCE II SAS
CHALLENGER DPG FRANCE SAS
CHALLENGER EMERGING MARKET INFRASTRUCTURE FUND PTE.
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CHALLENGER FINANCIAL SERVICES PTY LIMITED
CHALLENGER FM 2 HOLDINGS PTY LIMITED
CHALLENGER FUNDS MANAGEMENT HOLDINGS PTY LIMITED
CHALLENGER GROUP HOLDINGS LIMITED
CHALLENGER GROUP PTY LIMITED
CHALLENGER GROUP SERVICES (UK) LIMITED
CHALLENGER GROUP SERVICES PTY. LTD.
CHALLENGER HOLDING VAGYONKEZELO KFT
CHALLENGER HOME LOAN CORPORATION PTY LTD
CHALLE
NGER INVENTORY FINANCE SERVICING PTY LIMITED
CHALLENGER INVESTMENT PARTNERS LIMITED
CHALLENGER INVE
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CHALLENGER JAPAN HOLDINGS KABUSHIKI
KAISHA
CHALLENGER JAPAN HOLDINGS PTY LIMITED
CHALLENGER JAPAN KABUSHIKI KAISHA
CHALLENGER KABUSHIKI KAISHA
AUSTRALIA
Annexure 2
This is page 1 of 4 of Annexure 2 referred to in notice of ceasing to be a Substantial Holder
Andrew Brown - Company Secretary of Challenger
Limited 19/10/2018
ACN /
Com
pany No.
Country of
Incorporation
Company Name

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CHALLENGER TREASURY LIMITEDAUSTRALIA
CHALLENGER UK TERMINALS LIMITEDJERSEY
CHALLENGER SKYBRIDGE (HASTINGS) HOLDING COMPANY PTY LTDAUSTRALIA
CHALLENGER SKYBRIDGE (HASTINGS) INVESTMENT LLP ENGLAND/WALES
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CHALLENGER SKYBRIDGE (GROUP) HOLDING COMPANY PTY LTDAUSTRALIA
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CHALLENGER RETIREMENT AND INVESTMENT SERVICES LIMITEDAUSTRALIA
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CHALLENGER NON-CONFORMING FINANCE PTY LTDAUSTRALIA
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CHALLENGER MBK FUND MANAGEMENT PTE. LTDSINGAPORE
CHALLENGER LIMITEDAUSTRALIA
CHALLENGER MANAGED INVESTMENTS (INTERNATIONAL) PTY LIMITEDAUSTRALIA
CHALLENGER MANAGEMENT SERVICES (UK) LIMITED ENGLAND/WALES
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CHALLENGER LIFE OFFSHORE INVESTMENTS LIMITEDJERSEY
CHALLENGER LIFE SUBSIDIARY HOLDINGS PTY LIMITEDAUSTRALIA
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CHALLENGER LIFE COMPANY LIMITEDAUSTRALIA
CHALLENGER LIFE DEBT INVESTMENTS (EUROPE) LIMITEDENGLAND/WALES
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ACN /
Com
pany No.
Country of
Incorporation
Company Name
CHALLENGER LBC TERMINALS HOLDING COMPANY LIMITEDMALTA
Andrew Brown - Company Secretary of Challenger
Limited 19/10/2018
Annexure 2
This is page 2 of 4 of Annexure 2 referred to in ASIC Form 605 - Notice of ceasing to be a Substantial Holder

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Andrew Brown - Company Secretary of Challenger
Limited 19/10/2018
ACN /
Com
pany No.
Country of
Incorporation
Company Name
Annexure 2
This is page 3 of 4 of Annexure 2 referred to in ASIC Form 605 - Notice of ceasing to be a Substantial Holder

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ACN /
Co
mpany No.
Country of
Incorporation
Company Name
MAVIS COURT DEVELOPMENT CO PTY LTDAUSTRALIA
Andrew Brown - Company Secretary of Challenger
Limited 19/10/2018
Annexure 2
This is page 4 of 4 of Annexure 2 referred to in ASIC Form 605 - Notice of ceasing to be a Substantial Holder