Capital Change Notice

Kathmandu Holdings Limited (KMD) provides the attached capital change notice pursuant to NZX Listing Rule 3.13.1, along with the corresponding Appendix 3B. This notice relates to the issue of 654,836 performance rights to senior management. The performance rights are being issued pursuant to the Kathmandu Holdings Limited Long-Term Incentive Plan. End CA:00346427 For:KMD Type:SECISSUE Time:2019-12-20 14:50:22