Notification of Performance Rights

Kathmandu Holdings Ltd
11 Mary Muller Drive, Heathcote 8022 249 Park Street, South Melbourne, Victoria 3205
PO Box 1234, Christchurch 8140, New Zealand PO Box 984, South Melbourne, Victoria 3205, Australia
Phone: +64 3 373 6110 Fax: +64 3 373 6116 Phone: +61 3 9267 9999 Fax: +61 3 9267 9933
kathmandu.co.nz kathmandu.com.au



21 December 2018
Market Information Services Section
New Zealand Exchange Limited
Wellington

NOTIFICATION OF PERFORMANCE RIGHTS

For the purposes of Listing Rule 7.12.1 of the NZSX Listing Rules, Kathmandu Holdings Limited advises
the following performance rights have been issued:

a) Class of securities:

ISIN:
Performance rights to ordinary shares pursuant to
Kathmandu Holdings Limited Long Term Incentive Plan
ISIN NZKMDE0001SE
b) Number of securities issued,
acquired or redeemed::
Performance rights in respect of 524,220 ordinary shares
c) The Nominal value and the issue,
acquisition or redemption price:
Not applicable
Nil, pursuant to Kathmandu Holdings Limited Long Term
Incentive Plan
d) Payment in cash? No. The performance right to be allocated ordinary shares in
Kathmandu Holdings Limited is subject to satisfaction of
certain performance conditions with regards to Total
Shareholder Returns.
e) Amount paid up: Nil
f) The principal term of the Securities: • Each Performance Right granted under the Plan
entitles the holder to acquire one fully paid ordinary share in
Kathmandu Holdings Limited.
• The number of performance rights that vest will
depend on Kathmandu Holdings Limited’s performance over a
12 month performance period to 31 July 2019 assessed against
financial performance conditions (EBIT).
• Performance rights will lapse where the performance
conditions are not met.
• Performance rights will lapse where the holders
ceases to be employed by the Kathmandu Group as at 31 July
2020.
• There is no amount payable by holders either on
grant or exercise of the Performance Rights.
g) Percentage of total class issued: 0.23%

Kathmandu Holdings Ltd
11 Mary Muller Drive, Heathcote 8022 249 Park Street, South Melbourne, Victoria 3205
PO Box 1234, Christchurch 8140, New Zealand PO Box 984, South Melbourne, Victoria 3205, Australia
Phone: +64 3 373 6110 Fax: +64 3 373 6116 Phone: +61 3 9267 9999 Fax: +61 3 9267 9933
kathmandu.co.nz kathmandu.com.au



h) Reason for issue: Issue of performance rights to selected Senior Management
employees to be allocated ordinary shares in the company
upon the satisfaction of certain conditions.
i) Specific authority for the issue: Resolution at Annual General Meeting of shareholders dated
18 November 2016 (approving Long Term Incentive Plan for
employees) and resolution of Directors on 23 November 2018
(approving issue of performance rights to selected Senior
Management).
j) Terms or details of the issue: i. The holder has the right to be issued Ordinary Shares
vesting on 31 July 2020 provided the employee remains in
employment with the company to that date.
ii. The number of performance rights that vest will
depend on Kathmandu Holdings Limited’s performance over
the 12 months ending 31 July 2019 assessed against financial
performance targets (EBIT).
iii. Performance rights will lapse where the performance
conditions are not met.
k) Total number of securities of the
class after issue:
524,220 - Performance Rights – Kathmandu Holdings Limited
Long Term Incentive Plan
l) Treasury Stock: Not applicable
m) Date of issue: 18 Dec 2018

Reuben Casey
Company Secretary