Harvey Norman Holdings Limited

A1 RICHMOND ROAD HOMEBUSH WEST N.S.W. 2140

LOCKED BAG 2 SILVERWATER DC, N.S.W 1811

2 November 2016

A.C.N. 003 237 545

Telephone: (02) 9201 6111

Facsimile: (02) 9201 6250

Australian Securities Exchange Limited Exchange Centre

20 Bridge Street

SYDNEY NSW 2000

AGGREGATED SALES AND UNAUDITED PROFIT BEFORE TAX FOR THE THREE (3) MONTHS ENDED 30 SEPTEMBER 2016

The Directors of Harvey Norman Holdings Limited announce that the aggregated amount of sales from wholly-owned company-operated stores in New Zealand, Slovenia, Croatia, Ireland and Northern Ireland, majority-owned controlled company-operated stores in Singapore and Malaysia, and from independent Harvey Norman®, Domayne® and Joyce Mayne® branded franchised complexes ("Aggregated Sales") totalled $1.69 billion for the three (3) months ended 30 September 2016. When compared to Aggregated Sales for the three ( 3 ) months ended 30 September 2015, the increase was 6.6%. Comparable Aggregated Sales for the three (3) months ended 30 September 2016 when

compared to the three (3) months ended 30 September 2015, increased by 6.5%. Sales made by franchisees are not made by Harvey Norman Holdings Limited or controlled entities.

Aggregated Sales have been positively affected by a 6.2% appreciation in the New Zealand dollar $, and negatively affected by a 4.0% devaluation in the Euro €, an 18.9% devaluation in the UK Pound £, a 1.6% devaluation in the Singaporean dollar $ and a 4.3% devaluation in the Malaysian Ringgit for the three (3) months ended 30 September 2016 compared to the three (3) months ended 30 September 2015.

Aggregated Sales increase / (decrease) in Australian Dollars $A

COUNTRY TOTAL SALES COMPARABLE SALES 1QTR 2017 vs. 1QTR 2016 1QTR 2017 vs. 1QTR 2016

% %

Australian Franchisees

5.4

5.4

New Zealand

18.4

14.8

Slovenia / Croatia

(-4.8)

(-4.6)

Ireland

(-3.9)

(-4.3)

Northern Ireland

31.5

(-11.5)

Singapore

8.3

26.5

Malaysia

10.1

1.1

Aggregated Sales increase / (decrease) in Constant Local Currencies

COUNTRY TOTAL SALES COMPARABLE SALES 1QTR 2017 vs. 1QTR 2016 1QTR 2017 vs. 1QTR 2016

% %

Australian Franchisees

$A

5.4

5.4

New Zealand

$NZD

11.6

8.2

Slovenia / Croatia

€Euro

(-0.8)

(-0.6)

Ireland

€Euro

0.3

(-0.1)

Northern Ireland

£GBP

62.2

9.2

Singapore

$SGD

10.1

28.6

Malaysia

RM

14.7

5.3

Unaudited Profit Before Tax and Non-Controlling Interests for the Consolidated Entity

Unaudited preliminary accounts for the period 1 July 2016 to 30 September 2016 indicate profit before tax and non-controlling interests, and excluding property revaluation adjustments, for the consolidated entity of $115.6m compared to $91.8m for the prior corresponding period, an increase of 25.9% (+$23.8m).

Yours faithfully

Chris Mentis

Company Secretary / CFO

Harvey Norman Holdings Ltd. published this content on 02 November 2016 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 01 November 2016 23:32:03 UTC.

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