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

22 April 2020


SUCCESSFUL COMPLETION OF KATHMANDU'S 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 1.2 for 1 pro-rata accelerated
entitlement offer (Entitlement Offer) of new fully paid ordinary shares in Kathmandu (Shares). A total of NZ$207
million will be raised under the Entitlement Offer and institutional placement announced on 1 April 2020.

The Retail Entitlement Offer closed at 5pm (NZST) on Friday 17 April 2020 and raised gross proceeds of
approximately NZ$53 million. The Retail Entitlement Offer received strong support from Kathmandu's Eligible
Retail Shareholders electing to take up 51% of their entitlements under the Retail Entitlement Offer. In addition,
Eligible Retail Shareholders who took up their entitlements in full also applied for an additional NZ$17 million of
New Shares. The effective take up rate by Eligible Retail Shareholders, including allocations via the
oversubscription facility, was therefore approximately 82%.

The approximately 19 million new Shares not taken up under the Retail Entitlement Offer have been allocated
to the underwriters and/or to sub-underwriters procured by the underwriters.

The new Shares to be issued under the Retail Entitlement Offer are expected to commence trading on NZX
Main Board on Friday 24 April 2020 and on the ASX on Monday 27 April 2020 and will rank equally with existing
Shares.

Further information
Shareholders who have any questions about the Entitlement 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
Frances Blundell
Company Secretary
P: +64 22 648 6035
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

Note: All capitalised terms used in this announcement have the meanings given in Part 5: Glossary of
Kathmandu’s Offer Document dated 1 April.
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.