KMD completes Placement and Institutional Entitlement Offer

KMD BRANDS LIMITED W kmdbrands.com


Not for release or distribution in the United States

Thursday, 2 April 2026
(All amounts in NZ$ unless otherwise stated)


KMD Brands completes Placement and Institutional Entitlement
Offer

KMD Brands Limited (NZX/ASX: KMD, “KMD” or the “Group”) is pleased to advise that it has
successfully completed its $6.8 million underwritten placement (“Placement”) and the institutional
component (“Institutional Entitlement Offer”) of its approximately $58.5 million fully underwritten 1
for 0.73 pro-rata accelerated renounceable entitlement offer (“Entitlement Offer”), as announced on
Tuesday, 31 March 2026.
The Placement and Institutional Entitlement Offer closed on Wednesday, 1 April 2026 and raised
combined gross proceeds of approximately $44.2 million through the issue of new fully paid ordinary
shares in KMD (“New Shares”).
The Placement was well supported by a number of existing and new institutional investors, raising
$6.8 million at the offer price of NZ$0.06 per New Share (“Offer Price”).
KMD’s eligible institutional shareholders elected to take up approximately 79% of the entitlements
available under the Institutional Entitlement Offer. All of the entitlements not taken up by eligible
institutional shareholders and entitlements of ineligible institutional shareholders (totaling 132.4 million
New Shares) were sold in the institutional shortfall bookbuild (“Institutional Shortfall Bookbuild”) at
a clearing price of NZ$0.06 per New Share.
1

The clearing price of the Institutional Shortfall Bookbuild was the same as the Offer Price under the
Entitlement Offer. Eligible institutional shareholders that did not take up their entitlement in full and
ineligible institutional shareholders will not receive any consideration for the entitlements not taken up
by them.
The retail component of the Entitlement Offer (“Retail Entitlement Offer”) will open on Tuesday, 7
April 2026 and is expected to raise gross proceeds of $21.1 million (detailed below).
KMD’s shares are expected to resume normal trading on NZX and ASX today on an ex-entitlement
basis. The new fully paid ordinary shares in KMD (“New Shares”) offered under the Placement and
Institutional Entitlement Offer are expected to be allotted and commence trading on NZX and ASX on
Monday, 13 April 2026 on an ex-entitlement basis and will rank equally with existing fully paid ordinary
shares.

Brent Scrimshaw, Group CEO and Managing Director, KMD Brands, said:
“We are pleased with the support for the institutional component of the equity raising. The raise will
strengthen KMD’s balance sheet and position us to continue executing our Next Level transformation.
We now look forward to inviting our retail shareholders to participate in the equity raising.”


1
For the purposes of the exemption in clause 8B of the Takeovers Code (Class Exemptions) Notice (No 2) 2001, KMD Brands Limited
confirms it has appointed Forsyth Barr Limited, an NZX trading and advising firm, together with Goldman Sachs New Zealand Limited, to
sell the rights of Ineligible Shareholders in the Institutional Shortfall Bookbuild and the Retail Entitlement Bookbuild (as applicable). To the
best of KMD Brands Limited’s knowledge, Forsyth Barr Limited is not being prosecuted for any offence.

KMD BRANDS LIMITED W kmdbrands.com


Retail Entitlement Offer
The Retail Entitlement Offer will open on Tuesday, 7 April 2026 and close at 5:00pm NZST (3:00pm
AEST) on Thursday, 16 April 2026.
The Retail Entitlement Offer is available to eligible retail shareholders with an address recorded on
KMD’s share register in New Zealand or Australia at 7:00pm NZDT (5:00pm AEDT) on Wednesday, 1
April 2026 (“Eligible Retail Shareholders”), at the same offer price as the Placement and
Institutional Entitlement Offer of NZ$0.06 per New Share (or the A$ price as announced below).
Under the Retail Entitlement Offer, Eligible Retail Shareholders may:
• elect to take-up all, part or none of their entitlement before the Retail Entitlement Offer closes;
• elect to take-up their entitlement in full and also apply for additional New Shares. Any
application for New Shares above their pro-rata entitlement will be included in the retail
shortfall bookbuild (“Retail Shortfall Bookbuild”) and made at the retail shortfall bookbuild
clearing price; or
• do nothing, in which case their entitlements will be offered for sale in the Retail Shortfall
Bookbuild.
Entitlements not taken up by Eligible Retail Shareholders, along with entitlements of ineligible retail
shareholders, will be offered for sale in the Retail Shortfall Bookbuild to be conducted on or about
Tuesday, 21 April 2026, with any premium above the Offer Price (net of any applicable withholding
tax) paid to the relevant shareholders.

Announcement of A$ Price for Retail Entitlement Offer
The A$ Price for the Retail Entitlement Offer has been set at A$0.05. The A$ Price was determined
using an AUD/NZD exchange rate of 0.83465, as published by the Reserve Bank of New Zealand on
its website at 3:00pm NZDT on Tuesday, 31 March 2026.

Further information
An offer document and other important information about the offer is available on the website
established for the Retail Entitlement Offer at kmd.rightsoffer.co.nz. Eligible Retail Shareholders are
encouraged to visit the website and read all of the materials available or referred to in it (including the
offer document, investor presentation and market announcement published by KMD on Tuesday, 31
March 2026 (together, the “Offer Materials”) before making a decision whether to apply online by
5:00pm NZST (3:00pm AEST) on Thursday, 16 April 2026.
Shareholders who have any questions about the Retail Entitlement Offer are encouraged to read the
Offer Materials in full and seek financial, investment or other professional advice from a qualified
professional adviser.

This announcement has been authorised for release to NZX / ASX by Frances Blundell, Chief Legal &
ESG Officer and Company Secretary.

- ENDS -

For further information, whether an investor or media enquiry, please contact:
Frances Blundell, Chief Legal & ESG Officer and Company Secretary
companysecretary@kmdbrands.com

KMD BRANDS LIMITED W kmdbrands.com



Appendix: Key offer dates
2


































2
The timetable presented is indicative only and subject to change without notice (subject to applicable laws and the NZX Listing Rules and
ASX Listing Rules). All dates and times refer to New Zealand Time (unless stated otherwise). KMD reserves the right to withdraw the Offer
at any time prior to the issue of New Shares at its absolute discretion.
Placement and Institutional Entitlement
Offer

Trading recommences
KMD shares will commence trading on NZX
and ASX on an ex-entitlement basis
Thursday, 2 April 2026
ASX Settlement of New Shares under the
Placement and Institutional Entitlement Offer
Friday, 10 April 2026
ASX Allotment of New Shares under the
Placement and Institutional Entitlement Offer
Monday, 13 April 2026
NZX Settlement and Allotment of New Shares
under the Placement and Institutional
Entitlement Offer
Monday, 13 April 2026
Commencement of trading of New Shares
issued under the Placement and Institutional
Entitlement Offer on NZX and ASX
Monday, 13 April 2026
Retail Entitlement Offer
Record date
7:00pm NZDT (5:00pm AEDT) Wednesday, 1
April 2026
Retail Entitlement Offer opens Tuesday, 7 April 2026
Retail Entitlement Offer closes
5:00pm NZST (3:00pm AEST) Thursday, 16
April 2026
Retail Shortfall Bookbuild (for Retail
Entitlements not taken up and Retail
Entitlements of ineligible retail shareholders)
Tuesday, 21 April 2026
ASX Settlement of New Shares under the
Retail Entitlement Offer
Monday, 27 April 2026
NZX Settlement and Allotment of New Shares
under the Retail Entitlement Offer
Tuesday, 28 April 2026
Commencement of trading of New Shares
issued under the Retail Entitlement Offer on
NZX
Tuesday, 28 April 2026
Commencement of trading of New Shares
issued under the Retail Entitlement Offer on
ASX
Wednesday, 29 April 2026
Despatch of holding statements in respect of
New Shares issued under the Retail
Entitlement Offer
By Wednesday, 29 April 2026

KMD BRANDS LIMITED W kmdbrands.com


Not an offer of securities in the United States
This announcement does not constitute an offer to sell, or the solicitation of an offer to buy, any
securities in the United States or any other jurisdiction in which such an offer would be unlawful. The
entitlements and New Shares described in this announcement have not been, and will not be,
registered under the U.S. Securities Act of 1933 (“U.S. Securities Act”), or the securities laws of any
state or other jurisdiction of the United States. Accordingly, the entitlements may not be taken up or
exercised by, and the New Shares may not be offered or sold, directly or indirectly, in the United
States or to any person acting for the account or benefit of any person in the United States, except in
transactions exempt from, or not subject to, the registration requirements under the U.S. Securities
Act and any other applicable securities laws of any state or other jurisdiction of the United States.