Results of Special Meeting of Shareholders

KATHMANDU HOLDINGS LIMITED ASX / NZX / MEDIA ANNOUNCEMENT 18 October 2019 KATHMANDU HOLDINGS LIMITED - RESULTS OF SPECIAL MEETING OF SHAREHOLDERS Kathmandu Holdings Limited (the "Company") is pleased to announce that shareholders have voted in favour of the resolutions proposed at the Special Meeting held in Sydney, Australia today, Friday 18 October 2019 ("Special Meeting"). Please see the attached results of the Special Meeting. In relation to the acquisition of Rip Curl Group Pty Limited announced on 1 October 2019, the shareholder approval condition has been satisfied and completion is expected to occur on 31 October 2019. The Company's shareholders have approved amendments to its constitution at the Special Meeting. A copy of the constitution as amended is attached. ENDS For further information, please contact: Corporate Chris Kinraid Company Secretary Investors Eric Kuret Market Eye +61 417 311 335 eric.kuret@marketeye.com.au Media Helen McCombie Citadel-MAGNUS + 61 2 8234 0103 End CA:00342871 For:KMD Type:MEETING Time:2019-10-18 13:13:42