SPH Notice - FirstCape Group Limited & Harbour Asset Mgmt

041898866/4160982.2
Disclosure of movement of 1% or more in substantial holding
or change in nature of relevant interest, or both
Sections 277 and 278, Financial Markets Conduct Act 2013
To NZX Limited
and
To KMD Brands Limited (KMD)
Relevant event being disclosed:
Disclosure of movement of 1% or more in
substantial holding
Date of relevant event: 09 November 2026
Date this disclosure made: 10 November 2026
Date last disclosure made: 29 April 2026

Substantial product holder(s) giving disclosure
Full name(s):
FirstCape Group Limited
&
Harbour Asset Management Limited

Summary of substantial holding:

Class of quoted voting products:
Ordinary Shares (Shares)
Summary for: FirstCape Group Limited (FirstCape)
For this
disclosure -
(a) total number held in class: 5,471,062
(b) total in class: 71,976,827
(c) total percentage held in class: 7.601%
For last
disclosure -
(a) total number held in class: 164,686,466
(b) total in class: 1,799,415,022
(c) total percentage held in class: 9.152%

041898866/4160982.2
Class of quoted voting products:
Ordinary Shares (Shares)
Summary for: Harbour Asset Management Limited
(Harbour)
For this
disclosure -
(a) total number held in class: 5,276,670
(b) total in class: 71,976,827
(c) total percentage held in
class:
7.331%
For last
disclosure -
(a) total number held in class: 161,011,923
(b) total in class: 1,799,415,022
(c) total percentage held in
class:
8.948%


Details of transactions and events giving rise to relevant event:
The transactions/events giving rise to this disclosure obligation are on-market buy and sell
trades and off market transfers by FirstCape Group Limited and Harbour Asset Management
Limited since the previous disclosure on the 29 April 2026, as summarised in the table below.

Details for: Harbour (including BNZ
Investment Services Limited)
JBWere (NZ) Limited
On-market purchases –
number of shares
15,329,078 2,631,074
On-market purchases –
gross consideration
$12,605,802.44 $244,082,93
On-market sales –
number of shares
170,438,738 2,634,618
On-market sales – gross
consideration
$13,613,373.25 $629,739.51
Net transfer into DIMS N/A 3,476,607
Net off market transfer
out
625,593 N/A

041898866/4160982.2
Details after relevant event:
Details for: Harbour Asset Management Limited
Number held in class after the
relevant event:
5,276,670
Percentage held in class: 7.331%
Current registered holder of
financial products:
For on market purchases: Unknown
For on market sales: Various nominees or custodians for and
on behalf of Harbour Asset Management Limited
Registered holder of financial
products once transfer is
registered:
For on market purchases: Various nominees or custodians for
and on behalf of Harbour Asset Management Limited
For on market sales: Unknown

Details for: JBWere (NZ) Limited
Number held in class after the
relevant event:
194,392
Percentage held in class: 0.270%
Current registered holder of
financial products:
For on-market purchases: Unknown
For on-market sales: JBWere (NZ) Nominees Limited & FNZ
Custodians Limited
Registered holder of financial
products once transfer is
registered:
For on-market purchases: JBWere (NZ) Nominees Limited &
FNZ Custodians Limited
For on-market sales: Unknown

Additional information:

Address(es) of substantial
product holder(s):
Level 21, 171 Featherston Street, Wellington
Contact details:
Conor Moynihan
T +04 474 4400
Conor.Moynihan@jbwere.co.nz
Name of any other person believed to have given, or believed to be required to give, a
disclosure under the Financial Markets Conduct Act 2013 in relation to the financial
products to which this disclosure relates: none.
Certification:
I, Conor Moynihan, certify that, to the best of my knowledge and belief, the information
contained in this disclosure is correct and that I am duly authorised to make this disclosure
by all persons for whom it is made.