SPH Notice – Briscoe Group Limited

Disclosure of movement of 1% or more in substantial holding or change in nature of relevant interest, or both Sections 277 and 278, Financial Markets Conduct Act 2013 Note: This form must be completed in accordance with the instructions at the end of the form. To NZX Limited And To Kathmandu Holdings Limited (Kathmandu) Relevant event being disclosed: movement of 1% or more in substantial holding Date of relevant event: 10 August 2018 Date this disclosure made: 21 August 2018 Date last disclosure made: 18 September 2015 Substantial product holder(s) giving disclosure Full name(s): Briscoe Group Limited (Briscoe Group) Summary of substantial holding Class of quoted voting products: ordinary shares Summary for Briscoe Group Limited For this disclosure,-- (a) total number held in class: 42,673,302 (b) total in class: 225,781,068 (c) total percentage held in class: 18.900% For last disclosure,-- (a) total number held in class: 40,095,432 (b) total in class: 201,484,583 (c) total percentage held in class: 19.900% Details of transactions and events giving rise to relevant event Details of the transactions or other events requiring disclosure: On 29 March 2017, Kathmandu issued 12,537 shares under a long-term incentive plan. On 22 August 2017, Kathmandu issued a further 669,669 shares under a long-term incentive plan. On 26 March 2018, Kathmandu issued 18,518,519 shares under a capital raising placement and of those shares Briscoe Group acquired 2,570,925 shares. On 20 April 2018, Kathmandu issued 4,629,511 shares under a share purchase plan and, of those shares, Briscoe Group acquired 6,945 shares. On 10 August 2018, Kathmandu issued 466,249 shares under a long-term incentive plan. The aggregate of these events has had the effect of reducing the percentage of ordinary shares in Kathmandu in which Briscoe Group has a relevant interest by 1% or more. Details after relevant event Details for Briscoe Group Limited Nature of relevant interest(s): Registered holder and beneficial owner of financial products. For that relevant interest,-- (a) number held in class: 42,673,302 (b) percentage held in class: 18.900% (c) current registered holder(s): Briscoe Group Limited (d) registered holder(s) once transfers are registered: n/a Additional information Address(es) of substantial product holder(s): 36 Taylors Road, Morningside, PO Box 884, Auckland Contact details: Geoff Scowcroft 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, Geoff Scowcroft, 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. End CA:00322508 For:KMD Type:SHINTR Time:2018-08-21 14:11:07