KMD BRANDS LIMITED — Share Issue/Capital Change 2017

Mar 30, 2017

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30 March 2017 Market Information Services Section New Zealand Exchange Limited Wellington

NOTIFICATION OF ALLOTMENT OF SECURITIES

For the purposes of Listing Rule 7.12.1 of the NZSX Listing Rules, Kathmandu Holdings Limited advises the following securities have been issued:

a) Class of securities:ISIN:b) Number of securities issued:c) Nominal value:Issue price:d) Payment in cash?e) Amount paid up:f)Principal term of securities:g) Percentage of total class issued:h) Reason for issue:i)Specific authority for the issue:j)Terms or details of the issue:	Ordinary shares, (KMD)ISIN NZKMDE0001SE12,537Nil, pursuant to Kathmandu Holdings Limited Long TermIncentive PlanNoFully paidOrdinary shares ranking pari passu with all existing OrdinaryShares on issue pursuant to the terms of Kathmandu HoldingsLimited’s Long Term Incentive Plan.0.006% (being 12,537 out of 201,497,120 ordinary shares onissue post allotment)Issue of Ordinary Shares under the Kathmandu HoldingsLimited Long Term Incentive PlanDirectors’ resolution and Listing Rule 7.3.5Issue of Ordinary Shares under the Kathmandu HoldingsLimited Long Term Incentive Plan. The Ordinary Shares rankpari passu with the existing Ordinary Shares on issue.
k) Total number of securities of theclass after issue:	201,497,120 ordinary shares
l)Treasury Stock:	Not applicable
m) Date of issue:	29 March 2017

Reuben Casey Company Secretary

Kathmandu Holdings Ltd 223 Tuam Street, Christchurch 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