Ongoing Disclosure Notice - Zion Armstrong

Please see attached Ongoing Disclosure Notice for Zion Armstrong of KMD Brands Limited (“KMD”). KMD notes that this Ongoing Disclosure Notice relates to shares allotted to Zion under the placement. As noted in the offer document released on 31 March 2026, all Directors of KMD who are shareholders have indicated they will participate pro rata in the offer. Philip Bowman and David Kirk have also confirmed that they will apply for at least twice the level of their pro rata entitlement in the AREO. Additional Ongoing Disclosure Notices are therefore expected to be released for the other Directors of KMD who are shareholders following the allotment of shares under the retail entitlement offer on 28 April 2026.