Capital Change Notice and Appendix 3B

Kathmandu Holdings Limited provides the attached Capital Change Notice pursuant to NZX Listing Rule 3.13.1 and Rule 3.15.2, and an Appendix 3B. This notice relates to the issue of 375,810 ordinary shares on one-for-one conversion of Performance Rights granted under the Kathmandu Holdings Limited Long Term Incentive Plan for Employees on 19 December 2016. End CA:00346064 For:KMD Type:SECISSUE Time:2019-12-16 09:00:44