KATHMANDU HOLDINGS LIMITED ASX / NZX / MEDIA ANNOUNCEMENT

Strong sales recovery but uncertainty remains over economic outlook and potential second wave of COVID-19 ? Return to positive same store sales growth as retail stores have reopened ? Continued consumer shift to online ? Strong balance sheet and liquidity position ? Remain cautious about medium-term demand, given economic climate

Kathmandu to be added to S&P/ASX 300 Index

Surge in online sales and digital engagement During the month of April, Kathmandu and Rip Curl have continued to trade online in all international jurisdictions, with Kathmandu New Zealand selling only essential items online from 3 April. During April, Group online sales were 2.5 to 3 times higher than last year, with the highest growth rates in Australia, the Group’s largest market. Online sales g

Plans for reopening physical stores are well advanced and the Group looks forward to welcoming customers back into stores only when it is safe to do so. In Australia, over recent days, most Kathmandu and Rip Curl stores in New South Wales and Queensland have reopened on a trial basis, with robust safety protocols in place. The majority of Australian Kathmandu and Rip Curl stores are expected to reopen by the end of this week.