KMD Brands completes Retail Entitlement Offer

Not for release or distribution in the United States Tuesday, 21 April 2026 (All amounts in NZ$ unless otherwise stated) KMD Brands completes Retail Entitlement Offer KMD Brands Limited (NZX/ASX: KMD, “KMD” or the “Group”) is pleased to advise that it has successfully completed the retail component (“Retail Entitlement Offer”) of its approximately $58.5 million fully underwritten 1 for 0.73 pro-rata accelerated renounceable entitlement offer (“Entitlement Offer”) of new fully paid ordinary shares in KMD (“New Shares”). KMD’s eligible retail shareholders subscribed for approximately 182.6 million New Shares, raising approximately $11.0 million at the offer price of NZ$0.06 per New Share (“Offer Price”). This represented a participation rate of approximately 52% of the entitlements available under the Retail Entitlement Offer. Eligible retail shareholders who took up their entitlements in full also applied for approximately $4.5 million of additional New Shares under the Retail Entitlement Offer. The applications for additional New Shares will be taken into account in the retail shortfall bookbuild (“Retail Shortfall Bookbuild”). Approximately 169.3 million New Shares, representing the 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 today (Tuesday, 21 April 2026). KMD’s existing ordinary shares will be placed in a trading halt today while the Retail Shortfall Bookbuild is conducted. Trading is expected to recommence at NZX market open on Wednesday, 22 April 2026. Any premium, being the amount per New Share that the price at which the New Shares are sold through the Retail Shortfall Bookbuild exceeds the Offer Price, will be paid (net of any applicable withholding taxes) to the relevant shareholders by Tuesday, 5 May 2026. 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