KMD BRANDS LIMITED — Share Issue/Capital Change 2017

Aug 23, 2017

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23 August 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:	Ordinary shares, (KMD)ISIN NZKMDE0001SE
b) Number of securities issued:	669,669
c) Nominal value:Issue price:	Nil, pursuant to Kathmandu Holdings Limited Long TermIncentive Plan
d) Payment in cash?	No
e) Amount paid up:	Fully paid
f)Principal term of securities:	Ordinary shares ranking pari passu with all existing OrdinaryShares on issue pursuant to the terms of Kathmandu HoldingsLimited’s Long Term Incentive Plan.
g) Percentage of total class issued:	0.3% (being 669,669 out of 202,166,789 ordinary shares onissue post allotment)
h) Reason for issue:	Issue of Ordinary Shares under the Kathmandu HoldingsLimited Long Term Incentive Plan
i)Specific authority for the issue:	Directors’ resolution and Listing Rule 7.3.5
j)Terms or details of the issue:	Issue 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:	202,166,789 ordinary shares
l)Treasury Stock:	Not applicable
m) Date of issue:	22 August 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