Ann: OFFICE: KMD: KMD: Kathmandu new Christchurch Head Office

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					KMD
21/08/2014 14:32
OFFICE

REL: 1432 HRS Kathmandu Holdings Limited

OFFICE: KMD: KMD: Kathmandu new Christchurch Head Office

KATHMANDU HOLDINGS LIMITED
ASX/NZX/MEDIA ANNOUNCEMENT
21 August 2014

New Christchurch Head Office for Kathmandu in CBD Innovation Precinct

Kathmandu Holdings Ltd today announced it has committed to a new Christchurch
head office which will be a state of the art development in the Innovation
Precinct in the CBD.
The company expects to move to a purpose built three-storey building within
the Christchurch CBD, on the corner of Tuam and Madras Street, in early 2016.

The new office will house over 150 Kathmandu team members, with enhanced
facilities for the 60 staff in the company's product design, systems and
online development teams. Kathmandu is the anchor tenant for the developer,
Kew Innovation Ltd, and has expansion rights to the adjoining building being
built as part of the $20m development.

Kathmandu has specified a certified 5 star green star design and build rating
for its new office, the New Zealand excellence level of the Green Building
Council.

Kathmandu CEO Peter Halkett said the 5-star rating choice was a very
important part of the development decision.
"Kathmandu has a strong commitment to social and environmental responsibility
and we share the Green Building Council's vision that our employees work in
healthy, efficient and productive buildings in a sustainable built
environment" said Mr Halkett. The development will also incorporate a
Kathmandu concept store. "This will tell the Kathmandu story, showcasing our
newest product designs in conjunction with operating as a training and
development store for the wider business in core disciplines such as visual
merchandising, fixture layout and design" said Peter Halkett.

The Kathmandu CEO also confirmed the company is committed to opening a brand
or flagship store in the retail precinct of the CBD, and is evaluating
several possible locations for that site.
Explaining the choice made by Kathmandu to move to the Christchurch CBD,
Peter Halkett commented that "Kathmandu has been evaluating the options for
its Christchurch office over the past year, once it became clear our current
suburban premises would require an extended period of construction work and
substantial investment to remediate earthquake damage. The Innovation
Precinct is a stand-out choice for Kathmandu. We are moving to a location
that reflects our evolution as a business, where we can showcase our brand to
our visitors and most importantly provide an office to inspire our team, both
current and future".

Peter Halkett said Kathmandu believed in the future prospects for
Christchurch.

"We see absolutely no reason why Kathmandu can't take on the world from
Christchurch, especially the new online world. Our team are very excited
about what Christchurch and the central city will become, we are confident in
the future of the city and we want to play our part to ensure it succeeds".

Please direct media enquiries to:
Helen McCombie at Citadel
 + 61 2 9290 3073
End CA:00254205 For:KMD    Type:OFFICE     Time:2014-08-21 14:32:48