KMD BRANDS LIMITED — Board/Management Information 2016

Dec 7, 2016

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7 December 2016

Kathmandu Holdings Limited

Determination of Directors Independence

Following the 2016 Annual General Meeting of Shareholders the Board of Directors of Kathmandu Holdings Limited has determined that the following Directors are Independent Directors per NZX Main Board 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:

• Xavier Simonet –Chief Executive Officer and Managing Director

Announcement authorised by:

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Reuben Casey Company Secretary

Kathmandu Holdings Ltd

223 Tuam Street, Christchurch 8011 PO Box 1234, Christchurch 8140, New Zealand Phone: +64 3 968 6125 Fax: +64 3 373 6111 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