KMD BRANDS LIMITED — Board/Management Information 2014

Nov 25, 2014

==> picture [209 x 116] intentionally omitted <==

26 November 2014

Kathmandu Holdings Limited

Determination of Directors Independence

Following the 2014 Annual General Meeting of Shareholders the Board of Directors of Kathmandu Holdings Limited has determined that the following Directors are Independent Directors per Listing Rule 3.3.2:

• David Kirk - Chairman

• John Harvey – Chair Audit & Risk Sub-Committee;

• Sandra McPhee – Chair Remuneration & Nomination Sub-Committee;

• John Holland – Non-Executive Director;

• Christine Cross – Non-Executive Director.

The following Director is not Independent due to disqualifying relationships as defined in the Listing Rules:

• Mark Todd – Acting Chief Executive Officer and Finance Director

Announcement authorised by:

==> picture [105 x 68] intentionally omitted <==

Reuben Casey Company Secretary

Kathmandu Holdings Ltd 11 Mary Muller Drive, Heathcote 8022 PO Box 1234, Christchurch 8140, New Zealand Phone: +64 3 373 6110 Fax: +64 3 373 6116 kathmandu.co.nz

249 Park Street, South Melbourne, Victoria 3205 PO Box 984, South Melbourne, Victoria 3205, Australia Phone: +61 3 9267 9999 Fax: +61 3 9267 9933 kathmandu.com.au