KMD Brands Limited (“KMD”) – Suspension of trading

NZX Limited
Level 2, NZX Centre
11 Cable Street
PO Box 2959
Wellington 6140
New Zealand
Tel +64 4 472 7599

www.nzx.com

Memorandum

To:
Market Participants
From:
NZX Product Operations
Date:
Tuesday, 31 March 2026
Subject
: KMD Brands Limited (“KMD”) – Suspension of trading


Message
:
NZ RegCo has approved a voluntary suspension application from KMD Brands Limited (“KMD”).
The suspension of trading remains in place.

Attached is the application from KMD for further information.

Please contact NZX Product Operations on +64 4 496 2853 or productoperations@nzx.com
with any queries.

ENDS

---

KMD BRANDS LIMITED W kmdbrands.com
Request for continuation of Voluntary Suspension: KMD Brands Limited (KMD.NZX/KMD.ASX)
KMD Brands Limited’s (KMD) ordinary shares (ISIN: NZKMDE0001S3) were placed into trading halt on NZX and ASX
on 25 March 2026 on request by KMD, with a further trading halt on NZX and voluntary suspension on ASX applied at
KMD’s request on 27 March 2026. A voluntary suspension was applied on 30 March 2026 on NZX, with voluntary
suspension continuing on ASX on that date, at KMD’s request.
KMD now requests the voluntary suspension on NZX and ASX continues for two further trading days under NZX
Listing Rule 9.9.1(b) and ASX Listing Rule 17.2 in connection with a proposed capital raising outlined below.
We would like the voluntary suspension to continue on NZX and ASX from prior to the commencement of trading on
Tuesday, 31 March 2026 and end prior to market open on Thursday, 2 April 2026 following an announcement
regarding the outcome of the institutional component of the capital raising discussed below.
Reasons for voluntary suspension:
KMD is proposing to raise NZ$65.3 million of new capital by way of an approximately NZ$6.8 million placement
(Placement) to be conducted by Goldman Sachs New Zealand Limited and Forsyth Barr Limited (the Joint Lead
Managers), together with a 1 for 0.73 accelerated renounceable entitlement offer (AREO) to raise approximately
NZ$58.5 million. The Placement and AREO are fully underwritten by Goldman Sachs New Zealand Limited and
Forsyth Barr Group Limited (the Underwriters).
KMD considers that a voluntary suspension is desirable to enable the Joint Lead Managers and KMD to conduct the
Placement and the institutional offer component of the AREO (the Institutional Offer) and determine the allocation of
shares. KMD considers that, but for the voluntary suspension, the Placement and the Institutional Offer process would
impact a fair, orderly or transparent market as information about the Placement, the Institutional Offer or take up by
investors may be known by some market participants and not others, so the market would not be trading on a fully
informed basis.
As soon as the Placement and Institutional Offer and the allocation of shares is completed, KMD will be in a position
to release details of the results of the Placement and Institutional Offer to the market. KMD believes that such
information will be price sensitive.
31 March 2026
NZX Regulation Limited (NZ RegCo)
Level 2, NZX Centre
11 Cable Street
Wellington 6011
New Zealand
issuer@nzregco.com
ASX Limited
20 Bridge Street
Sydney
New South Wales 2000
Australia
tradinghaltssydney@asx.com.au
nicola.lombardi@asx.com.au

KMD BRANDS LIMITED W kmdbrands.com
How long we want the voluntary suspension to last:
We would like the voluntary suspension to last two further trading days until market open on Thursday 2 April 2026.
The event we expect to happen that will end the voluntary suspension:
We expect the voluntary suspension to end once we are in a position to announce the outcome of the Placement and
Institutional Offer. We expect this to occur before market open on Thursday 2 April 2026.
We confirm that we are not aware of any reason why the voluntary suspension should not continue as requested.
Please contact me if you have any concerns or queries. Alternatively, you can contact Rachel Dunne at Chapman
Tripp (+64 27 553 4924 / rachel.dunne@chapmantripp.com).
Yours sincerely
Frances Blundell,
Chief Legal & ESG Officer and Company Secretary
KMD Brands Limited