AMP LIMITED — Major Shareholding Notification 2010

Mar 2, 2010

Disclosure of beginning to have substantial holding Section 22, Securities Markets Act 1988

To: NZX

And: Kathmandu Holdings Limited

Date this disclosure made: 23 February 2010

Substantial security holder(s) giving disclosure

Name(s): AMP Capital Investors (New Zealand) Limited and AMP Capital Investors Limited Contact details: Amelia Hamilton, +64 4 494 2110, amelia.hamilton@ampcapital.co.nz

Date on which substantial security holder(s) began to have substantial holding: 22 February 2010

Summary of substantial holding to which disclosure relates

Class of listed voting securities: Ordinary Shares

Summary for: AMP Capital Investors (New Zealand) Limited and AMP Capital Investors Limited

For this disclosure,—

• (a) total number held in class: 10,175,305

• (b) total in class: 200,000,000

• (c) total percentage held in class: 5.088%

Details of relevant interests currently in substantial holding

Details for: AMP Capital Investors (New Zealand) Limited and AMP Capital Investors Limited

Nature of relevant interest(s): Investment Manager and non beneficial owner of securities For that relevant interest,—

• (a) number held in class: 10,175,305

• (b) percentage held in class: 5.088%

• (c) current registered holder(s) of securities: see schedule one

• (d) registered holder(s) of securities once transfers registered: not applicable Details of transactions and events giving rise to person beginning to have substantial holding

Details of the transactions or other events requiring disclosure under the instructions to this form: a purchase of 267,275 shares on 22/02/2010.

Additional information

Nature of connection between substantial security holders: AMP Capital Investors (New Zealand) Limited and AMP Capital Investors Limited are the Investment Managers for the beneficial owners of the KMD shares

Address(es) of substantial security holder(s): c/- Ground Floor, PWC Tower, 113-119 The Terrace, Wellington

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: not applicable

Declaration

SSH Kathmandu - Beginning 2010-02-22.doc

I, Amelia Stefanie Hamilton, 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.

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SCHEDULE ONE
Beneficial Relevant Non - Beneficial Relevant
Interests Interests
Number of Number of
Name of Registered voting voting
Holder securities Name of Registered Holder securities
NZGT Nominees Limited 2734700
Guardians of New Zealand
Superannuation 976134
AMP Custodian Services (NZ)
Limited 59441 AMP Capital Investors (New
Zealand)
BNP Paribas Fund Services Limited and AMP Capital
Australasia PTY Limited 17400 Investors Limited has a
AMP Life Limited 1085241 relevant interest in the
voting securities as fund
Cogent Nominees Pty 4648365 and asset manager of each
Citicorp Nominees Pty Limited 226125 of the registered holders
National Nominees Pty Limited 427899
Total 0
TOTAL 10175305
Detail of each relevant interest
AMP Custodian Services (NZ)
5 Limited
Name of registered holder
6 22/02/2010
Dates of transaction(s)Provision(s) of section 5
7 59441
Number of voting securities
Consideration (expressed in NZ$)
Detail of each relevant interest
BNP Paribas Fund Services
5 Australasia PTY Limited
Name of registered holder
6 22/02/2010
Dates of transaction(s)Provision(s) of section 5
7 17400
Number of voting securities
Consideration (expressed in NZ$)
Detail of each relevant interest
5 AMP Life Limited
Name of registered holder
6 22/02/2010
Dates of transaction(s)Provision(s) of section 5
7 1085241
Number of voting securities
Consideration (expressed in NZ$)
Detail of each relevant interest
5 Cogent Nominees Pty
Name of registered holder
6 22/02/2010
Dates of transaction(s)Provision(s) of section 5
7 4648365
Number of voting securities
Consideration (expressed in NZ$)
Detail of each relevant interest
5 Citicorp Nominees Pty Limited
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Name of registered holder
6 22/02/2010
Dates of transaction(s)Provision(s) of section 5
7 226125
Number of voting securities
Consideration (expressed in NZ$)
Detail of each relevant interest
5 NZGT Nominees Limited
Name of registered holder
6 22/02/2010
Dates of transaction(s)Provision(s) of section 5
7 2734700
Number of voting securities
Consideration (expressed in NZ$)
5 Guardians of New Zealand Superannuation
Name of registered holder
6 22/02/2010
Dates of transaction(s)Provision(s) of section 5
7 976134
Number of voting securities
Consideration (expressed in NZ$)
5 National Nominees Pty Limited
Name of registered holder
6 22/02/2010
Dates of transaction(s)Provision(s) of section 5
7 427899
Number of voting securities
Consideration (expressed in NZ$)
TOTAL 10175305 TOTAL
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