SPH – New Zealand Superannuation Fund Nominees Limited

Disclosure of beginning to have substantial holding
Section 276, Financial Markets Conduct Act 2013
To NZX Limited
and
To Kathmandu Holdings Limited (“KMD”)
Date this disclosure made: 9 April 2020
Date on which substantial holding began: 9 April 2020
Substantial product holder(s) giving disclosure
Full name(s): New Zealand Superannuation Fund Nominees Limited as nominee for the
New Zealand Superannuation Fund ("NZSF") being property of Her Majesty the Queen in
right of New Zealand and managed by the Guardians of New Zealand Superannuation
("Guardians")
Summary of substantial holding
Class of quoted voting products: Ordinary Shares in KMD (ISIN: NZKMDE0001S3)
Summary for NZSF
For this disclosure,—
(a) total number held in class: 36,581,758
(b) total in class: 603,653,031
(c) total percentage held in class: 6.060%
Details of relevant interests
Details for NZSF
Nature of relevant interest(s):
Beneficial owner of shares and/or power to control the
acquisition/disposal of, and voting rights attached to, shares
For that relevant interest,—
(a) number held in class: 36,581,758
(b) percentage held in class: 603,653,031
(c) current registered holder(s): New Zealand Central Securities Depository Limited (for
NZSF). Of these shares, 4.589% are within NZSF’s internal equities portfolio, 0.124%
are within NZSF’s portfolio managed by Devon Funds Management Limited and
1.347% are within NZSF’s portfolio managed by Mint Asset Management Limited.

(d) registered holder(s) once transfers are registered: unknown
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
Details of transactions and events giving rise to substantial holding
Details of the transactions or other events requiring disclosure:
Between 06 December 2019 and 09 April 2020, NZSF (through its internal equities
portfolio and account managed by Mint Asset Management Limited) purchased an
aggregate of 1,122,602 ordinary shares in KMD on-market for aggregate consideration of
$2,853,143
Between 06 December 2019 and 09 April 2020, NZSF (through its internal equities
portfolio and account managed by Mint Asset Management Limited) sold an aggregate of
617,534 ordinary shares in KMD on-market for aggregate consideration of $2,184,919
On 09 April 2020, NZSF (through its internal equities portfolio and accounts managed by
Devon Funds Management Limited & Mint Asset Management Limited) was allotted an
aggregate of 22,938,338 new ordinary shares in KMD pursuant to the KMD Share Offer for
an aggregate consideration of $11,469,169
Additional information
Address(es) of substantial product holder(s):
Level 12, Zurich House, 21 Queen Street
Auckland 1010, New Zealand

Contact details: James Hassell
Ph: +64 373 8956
E-mail: jhassell@nzsuperfund.co.nz
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: N/A
Certification
I, James Hassell 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.