Kathmandu Holdings Limited – Trading Halt of Securities

Memorandum To: Market Participants From: NZX Product Operations Date: Wednesday, 1 April 2020 Subject: Kathmandu Holdings Limited ("KMD") - Trading Halt of Securities Message: NZX Regulation ("NZXR") advises that, at the request of the issuer, the trading halt on Kathmandu Holdings Limited ("KMD") ordinary shares will remain in place. An initial trading halt was put in place at 10.02am Tuesday, 31 March 2020. Further to the announcement released by KMD at 9.27am today, the trading halt is in place while the company conducts a placement and the institutional component of an accelerated entitlement offer. The halt will remain in place until the earlier of: o an announcement by the company stating the outcome of the placement and the institutional component of an accelerated entitlement offer; or omarket open on the NZX on Friday 3 April 2020. Please contact NZX Product Operations on +64 4 496 2853 or productoperations@nzx.com with any queries. ENDS End CA:00351067 For:KMD Type:HALT Time:2020-04-01 09:56:21