KMD
05/09/2014 15:03
SSH

REL: 1503 HRS Kathmandu Holdings Limited

SSH: KMD: SSH Notice - Milford Asset Management Limited

Disclosure of movement of 1% or more in substantial holding or change in
nature of relevant interest or both
Section 23 and 24, Securities Markets Act 1988

Relevant event being disclosed: Change in nature of relevant interest

Date of relevant event: 4th September 2014
To: The New Zealand Stock Exchange
And: Kathmandu Holdings Limited
Date this disclosure made: 5th September 2014
Date last disclosure made: 6th August 2014

Substantial security holder(s) giving disclosure
Name(s): Milford Asset Management Limited
Contact details:  Mark Ryland, Risk and Compliance Manager contact: 09 921
4707
E-mail: mryland@milfordasset.com

Summary of substantial holding to which disclosure relates
Class of listed voting securities: Ordinary Share
Summary for: Milford Asset Management Limited

For this disclosure, --
(a) total number held in class: 12,388,077
(b) total in class:  200,633,469
(c) total percentage held in class: 6.17% (note, relevant interests held by
the manager as follows):
Milford Active Growth Wholesale Fund (0.84%), (Custodian - TEA Custodians),
Milford Dynamic Wholesale Fund (1.77%), (Custodian - TEA Custodians),
Mercer Trans-Tasman Shares Trust (0.56%), (Custodian - BNP Paribas Securities
Limited),
NZ Equities Wholesale Fund (1.52%), (Custodian - TEA Custodians),
Waikato Community Trust (0.11%), (Custodian - TEA Custodians),
Milford Income Wholesale Fund (0.04%), (Custodian - TEA Custodians),
New Zealand Superannuation Fund (1.33%), (Custodian - New Zealand
Superannuation Fund Nominees Limited).

For the last disclosure,--
(a) total number held in class: 15,513,227
(b) total in class:  200,633,469
(c) total percentage held in class: 7.73% (note, relevant interests held by
the manager as follows):
Milford Active Growth Wholesale Fund (0.84%), (Custodian - TEA Custodians),
Milford Dynamic Wholesale Fund (1.77%), (Custodian - TEA Custodians),
Mercer Trans-Tasman Shares Trust (0.81%), (Custodian - BNP Paribas Securities
Limited),
NZ Equities Wholesale Fund (2.15%), (Custodian - TEA Custodians),
Waikato Community Trust (0.17%), (Custodian - TEA Custodians),
Milford Income Wholesale Fund (0.04%), (Custodian - TEA Custodians),
New Zealand Superannuation Fund (1.95%), (Custodian - New Zealand
Superannuation Fund Nominees Limited).

Details of transactions and events giving rise to relevant event
Details of the transactions or other events requiring disclosure under the
instructions to this form:  See attachment

Additional information
Nature of connection between substantial security holders: NA
Address(es) of substantial security holder(s): Milford Asset Management
Limited,  Level 17, 41 Shortland Street, Auckland 1140, New Zealand.

Name of any other person believed to have given, or believed to be required
to give, a disclosure under the Act in relation to the securities to which
this disclosure relates: NA

Declaration
I, Mark Ryland declare that, to the best of my knowledge and belief, the
information contained in this disclosure is correct and that I am duly
authorised to make this disclosure by all persons for whom it is made.
End CA:00254938 For:KMD    Type:SSH        Time:2014-09-05 15:04:00
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