18 December 2014
To: Australian Securities Exchange
New Zealand Stock Exchange

Kathmandu Holdings Limited Lapse of Share Options

Kathmandu Holdings Limited today announces the lapse of 1 Option granted under the
Kathmandu Holdings Limited Executive Share Option Plan 2009. No further options are now outstanding under the Plan.

Regards
Reuben Casey
Company Secretary

Kathmandu Holdings Ltd

11 Mary Muller Drive, Heathcote 8022 249 Park Street, South Melbourne, Victoria 3205

PO Box 1234, Christchurch 8140, New Zealand PO Box 984, South Melbourne, Victoria 3205, Australia

Phone: +64 3 373 6110 Fax: +64 3 373 6116 Phone: +61 3 9267 9999 Fax: +61 3 9267 9933 kathmandu.co.nz kathmandu.com.au
distributed by