KMD BRANDS LIMITED — Major Shareholding Notification 2018

Aug 21, 2018

Disclosure of movement of 1% or more in substantial holding or change in nature of relevant interest, or both

Sections 277 and 278, Financial Markets Conduct Act 2013

Note: This form must be completed in accordance with the instructions at the end of the form.

To NZX Limited

And

To Kathmandu Holdings Limited ( Kathmandu )

Relevant event being disclosed: movement of 1% or more in substantial holding

Date of relevant event: 10 August 2018

Date this disclosure made: 21 August 2018

Date last disclosure made: 18 September 2015

Substantial product holder(s) giving disclosure

Full name(s): Briscoe Group Limited ( Briscoe Group )

Summary of substantial holding

Class of quoted voting products: ordinary shares

Summary for Briscoe Group Limited

For this disclosure,—

• (a) total number held in class: 42,673,302

• (b) total in class: 225,781,068

• (c) total percentage held in class: 18.900%

For last disclosure,—

• (a) total number held in class: 40,095,432

• (b) total in class: 201,484,583

• (c) total percentage held in class: 19.900%

Details of transactions and events giving rise to relevant event

Details of the transactions or other events requiring disclosure: On 29 March 2017, Kathmandu issued 12,537 shares under a long-term incentive plan. On 22 August 2017, Kathmandu issued a further 669,669 shares under a long-term incentive plan. On 26 March 2018, Kathmandu issued 18,518,519 shares under a capital raising placement and of those shares Briscoe Group acquired 2,570,925 shares. On 20 April 2018, Kathmandu

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issued 4,629,511 shares under a share purchase plan and, of those shares, Briscoe Group acquired 6,945 shares. On 10 August 2018, Kathmandu issued 466,249 shares under a long-term incentive plan. The aggregate of these events has had the effect of reducing the percentage of ordinary shares in Kathmandu in which Briscoe Group has a relevant interest by 1% or more.

Details after relevant event

Details for Briscoe Group Limited

Nature of relevant interest(s): Registered holder and beneficial owner of financial products.

For that relevant interest,—

• (a) number held in class: 42,673,302

• (b) percentage held in class: 18.900 %

• (c) current registered holder(s): Briscoe Group Limited

• (d) registered holder(s) once transfers are registered: n/a

Additional information

Address(es) of substantial product holder(s): 36 Taylors Road, Morningside, PO Box 884, Auckland

Contact details: Geoff Scowcroft

Name of any other person believed to have given, or believed to be required to give, a disclosure under the Financial Markets Conduct Act 2013 in relation to the financial products to which this disclosure relates: n/a

Certification

I, Geoff Scowcroft, certify that, to the best of my knowledge and belief, the information contained in this disclosure is correct and that I am duly authorised to make this disclosure by all persons for whom it is made.

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