Kathmandu completes Retail Bookbuild

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

24 October 2019


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

Kathmandu Holdings Limited (the Company) is pleased to advise that it has successfully completed the retail
bookbuild component (Retail Bookbuild) 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 clearing price under the Retail Bookbuild was NZ$3.08 per share, a premium of NZ$0.53 per share over
the application price of NZ$2.55 under the Offer. Therefore, eligible retail shareholders who elected not to take
up their entitlements and ineligible retail shareholders will receive NZ$0.53 for each New Share not taken up
by them (net of any applicable withholding tax).

The premium will be paid in New Zealand dollars or, for those Shareholders who receive dividends in
Australian dollars, in Australian dollars at the prevailing A$:NZ$ exchange rate, in accordance with the direct
credit payment instructions provided by the relevant Shareholder to the Company (if any) and otherwise by
cheque sent by ordinary post to their address as recorded in the Company’s share register. No interest will be
paid in respect of the premium. The New Shares taken up by Eligible Retail Shareholders under the Retail
Entitlement Offer and New Shares taken up in the Retail Bookbuild 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.

Subscription schedule

The following table summarises the distribution of subscribed entitlements during the Offer (excluding the
premiums in respect of the bookbuilds):

Entitlement Offer
Component
Existing Shareholder
Take-Up $m
Bookbuild
participants $m
Total Proceeds
$m
Institutional Component 96 17 113
Retail Component 19 13 32
Total 115 30 145

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.

Kathmandu's Shares are expected to resume normal trading before market open on the NZX and ASX today.

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

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

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



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.