Kathmandu completes Retail Entitlement Offer

Kathmandu Holdings Ltd
223 Tuam Street, Christchurch 8011 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
kathmanduholdings.com

Not for release or distribution in the United States

KATHMANDU HOLDINGS LIMITED
ASX / NZX / MEDIA ANNOUNCEMENT

23 October 2019


SUCCESSFUL COMPLETION OF THE RETAIL ENTITLEMENT COMPONENT OF
KATHMANDU'S 1 FOR 4 FULLY UNDERWRITTEN PRO-RATA ACCELERATED
ENTITLEMENT OFFER

Kathmandu Holdings Limited (Kathmandu) is pleased to advise that it has successfully completed the retail
entitlement offer component (Retail Entitlement Offer) of its fully underwritten 1 for 4 pro-rata accelerated
entitlement offer (Offer) of new fully paid ordinary shares in Kathmandu (New Shares) announced on 1
October 2019. A total of NZ$145 million will be raised under the Offer.

The Retail Entitlement Offer closed at 5pm (NZDT) on Monday 21 October 2019 and raised gross proceeds of
approximately NZ$18.5 million. The Retail Entitlement Offer was well supported by Kathmandu's Eligible Retail
Shareholders electing to take up 59% of their entitlements under the Retail Entitlement Offer.

The New Shares taken up by Eligible Retail Shareholders under the Retail Entitlement Offer are expected to
commence trading on NZX Main Board and ASX on Tuesday 29 October 2019 and will rank equally with
existing fully paid ordinary shares of Kathmandu.

Retail bookbuild
A bookbuild for Entitlements not taken up under the Retail Entitlement Offer (Retail Bookbuild)
will be
conducted by the joint lead managers, Jarden Securities Limited and Credit Suisse (Australia) Limited on
Wednesday, 23 October 2019. Approximately 5 million shares are available for the Retail Bookbuild and will
be offered for subscription to Eligible Retail Shareholders who have taken up all of their Entitlements in full and
Institutional Investors.

Eligible Retail Shareholders who did not take up their Entitlements under the Retail Entitlement Offer or who
are ineligible to participate in the Retail Entitlement Offer will receive a pro-rata share of any positive difference
between the retail bookbuild price and the Application Price for New Shares under the Offer of NZ$2.55 per
New Share. However, there is no guarantee that any value will be received from the Retail Bookbuild by
Eligible Retail Shareholders who do not take up their full Entitlement or Ineligible Retail Shareholders.

Further information
Shareholders who have any questions about the Offer are encouraged to read the Offer Document and seek
financial, investment or other professional advice from a qualified professional adviser.

For more information on the content of this announcement please contact:

Corporate
Chris Kinraid
Chief Financial Officer
P: +64 21 390 669
Investors
Eric Kuret
Market Eye
P: +61 417 311 335
E: eric.kuret@marketeye.com.au



Media
Helen McCombie
Citadel-MAGNUS
P: + 61 2 8234 0103

Kathmandu Holdings Ltd
223 Tuam Street, Christchurch 8011 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
kathmanduholdings.com

Note: All capitalised terms used in this announcement have the meanings given in Part 4:
Glossary of Kathmandu’s Offer Document dated 1 October.
This announcement has been prepared for publication in Australia and New Zealand
and is not for distribution or release in the United States. This announcement does not
constitute an offer to sell, or the solicitation of an offer to buy, any securities in the
United States. Any securities described in this announcement have not been, and will
not be, registered under the US Securities Act of 1933, as amended, or the securities
laws of any state or other jurisdiction of the United States, and may not be offered or
sold in the United States except in transactions exempt from, or not subject to,
registration under the US Securities Act and applicable US state securities laws.