KMD BRANDS LIMITED — Capital/Financing Update 2018

Mar 20, 2018

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 Kathmandu Holdings Limited Name of officer authorised tomake this notice Reuben Casey, CFO Authority for event,e.g. Directors' resolution Board Resolution Contact phone Contact fax 64 3 373 6110 20 03 2018 number number Date Nature of event Bonus If ticked, Rights Issue Tick as appropriate Issue state whether: Taxable / Non Taxable Conversion Interest Renouncable Rights Issue Capital Call Dividend If ticked, state Full non-renouncable ✔ change whether: Interim Year Special DRP Applies

If more than one security is affected by the event, use a separate form.

EXISTING securities affected by this If more than one security is affected by the event, use a separate form. Description of the ISIN class of securities Ordinary shares NZKMDE0001S3 If unknown, contact NZX Details of securities issued pursuant to this event If more than one class of security is to be issued, use a separate form for each class. Description of the ISIN class of securities Ordinary shares to be issued under a share purchase plan NZKMDE0001S3 If unknown, contact NZX NZ$1,000 up to a be issued following eventNumber of Securities to Up to 4,629,630 (subject to rounding) EntitlementMinimum maximum amount of NZ$15,000 Ratio, e.g 1 for 2 for Conversion, Maturity, Call Treatment of Fractions Payable or Exercise Date N/A Rounded up to nearest whole number Enter N/A if not applicable Tick ifpari passu ✔ OR provide anexplanation Strike price per security for any issue in lieu or date of the Strike Price available. N/A ranking Monies Associated with Event Dividend payable, Call payable, Exercise price, Conversion price, Redemption price, Application money. In dollars and cents Amount per security NZ$2.16 Source ofPayment The shares are to be issued at NZ$2.16 per share (does not include any excluded income) Excluded income per security (only applicable to listed PIEs) Currency NZD Supplementarydividend Amount per securityin dollars and cents details - NZ$8,000,000 (with the issuer having the discretion to NZSX Listing Rule 7.12.7 Date Payable Total monies accept oversubscription of up to a further NZ$2,000,000) Taxation Amount per Security in Dollars and cents to six decimal places In the case of a taxable bonus $ Resident $ Imputation Credits issue state strike price Withholding Tax (Give details) Foreign $ FDP Credits Withholding Tax (Give details)

Timing (Refer Appendix 8 in the NZSX Listing Rules) Record Date 57 pm For calculation of entitlements - 19 March 2018 Notice Date Entitlement letters, call notices, conversion notices mailed 26 March 2018

OFFICE USE ONLY

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

Application Date

Also, Call Payable, Dividend / Interest Payable, Exercise Date, Conversion Date. In the case 13 April 2018 of applications this must be the last business day of the week. Allotment Date For the issue of new securities. Must be within 5 business days of application closing date. 20 April 2018

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Security Code:

Security Code:

CHCDOC01-#1148806-v1-KMD_-Appendix_7-_Share_Purchase_Plan