KMD BRANDS LIMITED — Major Shareholding Notification 2021

Jan 11, 2021

Disclosure of beginning to have substantial holding

Section 276, Finandal Markets Conduct Act 2013

To NZX Umlted and To Kimmandu Holdhgs Umitad CIOIDQ

Date this disclosure made: 12 January 2021

Date on which substantial holding began: 08 January 2021

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Full name(s): New Zealand Superannuation Fund Nominees Umlted as nominee for the New Zealand Superannuation Fund being property of Her Majesty the Queen In right of New Zealand and managed by the Guardians of New Zealand Superannuation (INZSr)

Summar, of substint l holding

Class of quoted voeng products: Ordinary Shares In KMD (ISIN: NZKMDE000153)

Summary for Nz"

Forthls disclosure,-

• (a) total number held In dass: 35,454,876
• (b) total In class: 709,001,384
• (C) total percentage held In das: 5.001%

00*1[s of I'llevint Intlr-ts

Details for NZIP

Nature of relevant Interest(s): Benefldal owner of shares and/or power to control the acquisition/disposal of, and voting rights attached to, shares

For that relevant Inter=t,-

(a) number held In class: 35,454,876

(b) percentage held In dass: 5.001%

(C) current registered holder(s): New Zealand Central Securltles Depository Umlted (for NZSF). Of these shares, 3.79096 are within NZSF's Internal equities portfolio and 1.210% are within NZSF's portfolio managed by Mint Asset Management Umlted.

(d) registered holder(s) once transfers are registered: N/A

Document Number: 3109361 Version: 1

For a derivative relevant Interest also

• (a) type of derlvavve: IVA
• (b) details of derlvauve: N/A
• (c) partl= to the derivauve: N/A
• (d) If the substantial product holder Is not a party tothe derivative, ule nature of the relevant Interest In the derivative: N/A

0...Ils of tran..ction. and .v.... giving rim tolubit..nil[ ho'Ing

Details of the transactions or other events requiring disclosure:

On 23 Novembor 2020, NZSF (through Its Internal equmes portfolio) sold 167,000 ordinary shares In KMD on-market for considera on of \$227,955.

Between 08 -ptimbar 2020 and 08 January 2021, NZSF (through Its account managed by Mint Asset Management Umlted) purchased an aggregate or 831,147 ordinary shares In KMD on-market for aggregate consideration of \$1,019,922.

Additional Inform,tion

Address(es) of substanual product holder(s): Level 12, Zurich House, 21 Queen Street Auddand 1010, New Zealand

Contact details:	Amy Hitchcock
	Ph: +6493006980
	Email: ooerationsonzsuoerfund.co.nz

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

Certification

I, Amy Hitchcock, certify that, to the best of my knowledge and belief, the Information contained In this dIsdosure Is correct and that I am duly authodsed to make this disclosure by all persons for whom It Is made.

Document Number. 3109361 Version: 1