Notes: December 20, 2019 -- As previously announced, on December 16, 2019 the shareholders of Naked Brand Group Limited, an Australian company (the “Company”), approved a 1-for-100 reverse stock split (the “Reverse Split”) of the Company’s issued and outstanding ordinary shares. The Reverse Split became effective as of December 20, 2019, and the Company’s ordinary shares will begin trading on a post-split basis at market open on such date. As a result of the Reverse Split, every one hundred issued and outstanding ordinary shares of the Company were combined into one ordinary share, and the number of outstanding ordinary shares was reduced from 330,403,058 to approximately 3,304,031 without any further action by shareholders. Fractional shares are being rounded up to the nearest whole share. A proportionate adjustment will be made to the number of shares issuable under the Company’s issued and outstanding warrants and convertible notes pursuant to their terms.