KMD BRANDS LIMITED — Director's Dealing 2014

May 14, 2014

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Company Announcements Office Australian Securities Exchange Limited

15 May 2014

Amendment to Appendix 3Y Change of Director’s Interest Notice – David Kirk

Please find attached an amended Appendix 3Y – Change of Director’s Interest Notice, David Kirk.

The initial announcement incorrectly stated the registered holder as David Edward Kirk. This has been amended to:

DE & BJ Kirk as Trustees for the Kirk Family Superannuation Fund .

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Mark Todd Company Secretary

Kathmandu Holdings Ltd

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

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

Appendix 3Y Change of Director’s Interest Notice

Rule 3.19A.2

Appendix 3Y (Amended)

Change of Director’s Interest Notice

Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX’s property and may be made public.

Introduced 30/9/2001.

Name of entity Kathmandu Holdings Limited

ABN ARBN 139 836 918

We (the entity) give ASX the following information under listing rule 3.19A.2 and as agent for the director for the purposes of section 205G of the Corporations Act.

Name of Director	David Edward Kirk
Date of last notice	26 November 2013

Part 1 - Change of director’s relevant interests in securities

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Note: In the case of a company, interests which come within paragraph (i) of the definition of “notifiable interest of a director” should be disclosed in this part.

Direct or indirect interest	Direct (as Trustee for the Kirk Family Superannuation Fund)
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.	DE & BJ Kirk as Trustees for the Kirk Family Superannuation Fund.
Date of change	08 May 2014
No. of securities held prior to change	Nil
Class	Fully paid ordinary shares
Number acquired	24,300
Number disposed
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	$87,861.03 AUD
No. of securities held after change	24,300

• See chapter 19 for defined terms.

Appendix 3Y Page 1

11/3/2002

Appendix 3Y Change of Director’s Interest Notice

Nature of change On market trade. Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back

Part 2 – Change of director’s interests in contracts

Note: In the case of a company, interests which come within paragraph (ii) of the definition of “notifiable interest of a director” should be disclosed in this part.

Detail of contract

Nature of interest Name of registered holder (if issued securities) Date of change

No. and class of securities to which interest related prior to change Note: Details are only required for a contract in relation to which the interest has changed

Interest acquired Interest disposed

Value/Consideration

Note: If consideration is non-cash, provide details and an estimated valuation

Interest after change

Part 3 –[+] Closed period

Were the interests in the securities or contracts detailed No above traded during a[+] closed period where prior written clearance was required? If so, was prior written clearance provided to allow the trade N/A to proceed during this period? If prior written clearance was provided, on what date was this N/A provided?

• See chapter 19 for defined terms.

Appendix 3Y Page 2

11/3/2002