KMD BRANDS LIMITED — Earnings Release 2016

Jun 29, 2016

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KATHMANDU HOLDINGS LIMITED ASX/NZX/MEDIA ANNOUNCEMENT 30 JUNE 2016

TRADING UPDATE AND FY16 PROFIT GUIDANCE

FOR THE YEAR ENDING 31 JULY 2016

Kathmandu Holdings Limited (ASX and NZX code: KMD) today updates earnings guidance for FY2016.

At this time Kathmandu estimates that full year FY2016 earnings will be in the following range:

• EBIT $49.0 to $53.0 million (last year $33.2m)

• NPAT $32.0 to $35.0 million (last year $20.4m)

Year to date same store sales growth for the 47 weeks ending 26 June 2016 is +2.6% on a constant currency basis.

Kathmandu’s Chief Executive Officer Xavier Simonet said “Despite the winter season starting late this year, product newness and careful management of promotional activity have resulted in a better than expected gross margin. This combined with continued realisation of cost efficiencies has contributed to an improved FY2016 outcome.”

A substantial proportion of the year’s sales and earnings result are still dependent on trading in July, the final month of the financial year.

Kathmandu will provide a further trading update in early August and the full result for the year will be released on Wednesday 21st September 2016.

ENDS

For further information, please call:

Reuben Casey, CFO +64 272727573

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