KMD BRANDS LIMITED — Earnings Release 2013

Nov 15, 2012

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KATH M ANDU HOLDI N GS LI M ITED

ASX/ N ZX/ M E DIA ANNOUN C EMEN T

16 NO V EMBE R 2012

TRADING UPDATE, 15 WEEKS TO 11 NOVEMBER 2012

Key p o ints (all a m ounts in $ N Z)

• Gr o up sales f o r the first 15 weeks u p 19.5% on pcp to $66.9m

• Sa m e store s a les, up 14. 3 %

Kathmand u Holdings Limited (A S X and NZ X Code: K M D) today a n nounced s ales of $6 6 .9 million for the 15 w eeks to 1 1 November 2012, a ri s e of 19.5 % compare d with the c o rrespondi n g period last year. S ame store sales gre w by 14.3% d uring the p eriod (13. 6 % at cons t ant exchange rates[*1] ), compared with growt h of 7.6% i n the prior c o rrespondi n g period.

Kathmand u ’s Chief E x ecutive Officer, Peter Halkett said that “des p ite the diff i cult retail t r ading conditions , our sales p erforman c e in the fir s t 15 weeks of the fina n cial year h a s overall b een ahead of our exp e ctations, p articularly in Australia . Consisten t with our n o rmal tradi n g pattern, s ales to date are l e ss than 20 % of our expected tot a l sales for t he year. G r owth in fir s t half-year p rofit remains highly dependent on th e Christmas and Janu a ry trading p eriod.”

Mr Halkett updated p r ogress on t he Compa n y’s store r o llout and refurbishm e nt programme. “Since 1 August w e have op e ned six new stores in Australia ( t wo in regional NSW, o ne in Bris b ane, one in the Gol d Coast, on e in Melbo u rne and o n e in Perth). We also h a ve three f u rther stores (Sydney CBD, Dar w in and Ma c kay) whic h will be op e n for tradi n g before Christmas. O ur central P erth and Nelson st o re relocati o ns have b e en comple t ed and tw o of our Melbourne sto r es have b e en refurbishe d ”. Mr Halk e tt confirm e d that Kat h mandu is s till aiming t o open 15 n ew stores in FY13 with three further ne w sites already secure d for openin g in the se c ond half of FY13.

ENDS

For furthe r informatio n please ca

Mark Tod d , CFO

+6421271 1 328

*1 Average co n version rate y e ar-to-date NZ$/A$ 0.786 and N Z$/UK£ 0.511