KMD – Placement Allotment Notice

Amended to correct the total number of shares on issue following the placement: 26 March 2018 Product Operations NZX Limited Level 1, NZX Centre 11 Cable Street Wellington KATHMANDU HOLDINGS LIMITED - PLACEMENT ALLOTMENT NOTICE For the purposes of NZX Main Board Listing Rule 7.12.1, Kathmandu Holdings Limited (NZX: KMD) advises the following securities have been issued on 26 March 2018: (a) Class of security Ordinary shares ISIN NZKMDE0001S3 shares (b) Number issued 18,518,519 (c) Issue Price Shares issued for NZ$2.16 (or AU$2.026 based on the AU$/NZ$ exchange rate of 1.0660 determined by the sole lead manager on 20 March 2018) (d) Payment terms Payable in cash (e) Amount paid up Fully paid ordinary shares (f) Principal terms of the securities The shares are issued on the same terms as, and rank equally with, the existing ordinary shares in Kathmandu Holdings Limited (g) Percentage of class of securities 8.39% (post-allotment) (h) Reason for issue Allotment under a placement (capital raising) (i) Authority for issue Board resolution dated 19 March 2018 (j) Terms of issue Ordinary shares (k) Total number of Securities of the Class in existence after the issue 220,685,308 (l) Treasury stock Not applicable (m) Date of issue 26 March 2018 Yours faithfully Reuben Casey Company Secretary Kathmandu Holdings Limited End CA:00316033 For:KMD Type:OFFER Time:2018-03-26 16:03:22