KMD BRANDS LIMITED — Director's Dealing 2017

Aug 23, 2017

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23 August 2017

To: Australian Securities Exchange New Zealand Stock Exchange

Kathmandu Holdings Limited Lapse of performance rights

Kathmandu Holdings Limited today announces the lapse of 139,020 performance rights:

• 53,187 issued 18 December 2015

• 85,833 issued 7 December 2016

Regards

Reuben Casey Company Secretary

Kathmandu Holdings Ltd

223 Tuam Street, Christchurch Central 8011 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