KMD BRANDS LIMITED — Capital/Financing Update 2010

Oct 27, 2010

APPENDIX 7 – NZSX Listing Rules

EMAIL: announce@nzx.com

Notice of event affecting securities

NZSX Listing Rule 7.12.2. For rights, NZSX Listing Rules 7.10.9 and 7.10.10. For change to allotment, NZSX Listing Rule 7.12.1, a separate advice is required.

Number of pages including this one (Please provide any other relevant details on additional pages)

Full name of Issuer	Full name of Issuer	Kathmandu Holdings Limited	Kathmandu Holdings Limited	Kathmandu Holdings Limited	Kathmandu Holdings Limited	Kathmandu Holdings Limited	Kathmandu Holdings Limited
Name of officer make this notic		authori e	sed to									Authority for e.g. Directors	event, ' resolution
							Mark Todd								Directors' resolution
Contact phone number			(+64) 3 373 6110							(+64) 3 373		6116		e		19 10			2010
Nature of event Tick as appropriate				Bonus Issue Rights Issue			If ticked, state whether: Capital Ca	Taxable ll Dividend		/ Non Taxable If ticked, state		Con F	version ull			Rights Issue Interest Renouncable
				non-renouncable			change			whether: In		terim Y	ear √	Special
EXISTING securiti Description of the class of securities			es affe	cted by this				If more than on		e security is affecte		d by the event, u	se a separate f ISIN	orm.
				Ordinary Shares													NZKMDE0001S3
																	If unknown, contact NZX
Details of securitie			s issu	ed pursuant	to	this event		If		more than one clas		s of security is t	o be issued, use ISIN	a separ			ate form for each class.
Description of the class of securities Number of Securities to be issued following eve			nt
												Minimum Entitlement					If unknown, contact NZX Ratio, e.g 1 for 2 for
Conversion, Maturity, Call Payable or Exercise Date Strike price per security for an Strike Price available.				y issue in lieu or	da					Tick if paripassu		Treatment of Fractions provide an OR explanation of the ranking
						te Enter N/A if not applicable
M	onies Associated with			Event In dollars	an	Dividen d cents		d payable, Call payable, Exercise price, Source of Payment				Conversion price, Redemption price, Application money.
												Retained Earnings
	Amount per security (does not include any ex			cluded income)
					NZ$0.07
	Excluded income per security (only applicable to listed PIEs)
	Currency Total monies				New Zealand Dollars						Supplementary dividend details - NZSX Listing Rule 7.12.7		Amount per security in dollars and cents Date Payable					NZ$0.01235
					NZ$14,000,000													25 November 2010
T In is	axation the case of a taxable bonus sue state strike price						$				Amountper Security in Dollars and cents to six dec							imalplaces
									Resident Withholding Tax Foreign Withholding Tax		$0.003000							NZ$003
																		.
																		(100% franked in Australia)
											$0.012350

Timing (Refer Appendix 8 in the NZSX Listing Rules)

Record Date 5pm

For calculation of entitlements -

Application Date Also, Call Payable, Dividend / Interest Payable, Exercise Date, 15 November 2010 Conversion Date. In the case 25 November 2010 of applications this must be the last business day of the week.

Notice Date Allotment Date Entitlement letters, call notices, For the issue of new securities. conversion notices mailed Must be within 5 business days of application closing date.

OFFICE USE ONLY

Ex Date: Commence Quoting Rights Security Code: Cease Quoting Rights 5pm Commence Quoting New Securities Security Code: Cease Quoting Old Security 5pm:

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