KMD Share Purchase Plan Allotment Notice

20 April 2018 Client Market Services NZX Limited Level 1, NZX Centre 11 Cable Street Wellington Kathmandu Holdings Limited - Share purchase plan 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 20 April 2018: (a) Class of security Ordinary shares ISIN NZKMDE0001S3 shares (b) Number issued 4,629,511 (c) Issue Price Shares issued for NZ$2.16 (or AU$2.05 determined based on the NZ$/AU$ exchange rate published by the New Zealand Reserve Bank on its website at 7.00pm on 13 April 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 2.05% (post-allotment) (h) Reason for issue Allotment under a share purchase plan (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 225,314,819 (l) Treasury stock Not applicable (m) Date of issue 20 April 2018 Yours faithfully Reuben Casey Company Secretary Kathmandu Holdings Limited End CA:00317038 For:KMD Type:OFFER Time:2018-04-20 15:55:21