KMD BRANDS LIMITED — Share Issue/Capital Change 2019

Aug 14, 2019

Capital Change Notice

==> picture [101 x 42] intentionally omitted <==

14 August 2019

Notice of issue of Ordinary Shares

This notice is given under NZX Listing Rule 3.13.1 and relates to the issue of ordinary shares to participants in the Kathmandu Holdings Limited Long Term Incentive Plan.

Section 1: Issuer information
Name of issuer	Kathmandu Holdings Limited
NZX ticker code	KMD
Class of financial product	Ordinary Shares
ISIN (If unknown, check on NZX website)	NZKMDE0001SE
Currency	NZD
Section 2: Capital change details
Number issued	551,186
Nominal value (if any)	Not applicable
Issue price per security	Nil consideration for issue ofOrdinary Shares.
Nature of the payment (for example, cash or otherconsideration)	No cash consideration payable
Amount paid up (if not in full)	Not applicable
Percentage of total class of Financial Products issued(calculated on the number of Financial Products of the Class,excluding any Treasury Stock, in existence)1	0.24% of the total number ofOrdinary Shares on issue atthe date of this notice
For an issue of Convertible Financial Products or Options, theprincipal terms of Conversion (for example the Conversionprice and Conversion date and the ranking of the FinancialProduct in relation to other Classes of Financial Product) orthe Option (for example, the exercise price and exercise date)	Not applicable
Reason for issue and specific authority for issue	Issue of Ordinary Shares underthe Kathmandu HoldingsLimited Long Term IncentivePlan
Total number of Financial Products of the Class after the issue(excluding Treasury Stock) and the total number of FinancialProducts of the Class held as Treasury Stock after the issue	226,739,717
In the case of an acquisition of shares, whether those sharesare to be held as treasury stock	Not applicable
Specific authority for the issue, including a reference to therule pursuant to which the issue is made	Directors’ resolution dated 13August 2019 for issue underListing Rule 4.6.1
Terms or details of the issue	Issue of Ordinary Shares underthe Kathmandu Holdings

1 The percentage is calculated immediately before the issue.

	Limited Long Term IncentivePlan. New Ordinary Shareswhich rank pari passu with theexisting fully paid OrdinaryShares on issue
Date of issue	13/08/2019
Section 3: Authority for this announcement and contact person
Name of person authorised to make this announcement	Chris Kinraid
Contact person for this announcement	Chris Kinraid
Contact phone number	021 390 669
Contact email address	chris.kinraid@kathmandu.co.nz
Date of release through MAP	14/08/2019