FY19 Half Year Report

We are pleased to advise that our FY19 Half Year Report will be available to view on the Cavalier Corporation Limited website shortly, with a copy attached. As we reported, our HY19 result was at the top end of our guidance as we benefitted from a more efficient organisational structure and a strategic focus on high quality, higher margin wool carpets, while noting that the first two months of the second half have been soft. We are building on the success of our Cavalier Bremworth World of Difference positioning and have a number of exciting initiatives underway to build our market share in our home markets of Australia and New Zealand, as well as new opportunities offshore. We will also be releasing a new television campaign in the coming months, further establishing ourselves as marketers of premium wool carpet. We are continuing to focus on business fundamentals, including investing in our core business operations, particularly into a new IT system, customer relationships, an expanding global presence, innovative new product development, as well as exploring investment opportunities to grow our market presence. While we expect a challenging second half due to softening market conditions, our direction and our opportunity are clear. Your company is in good shape and we are well positioned to take advantage of the global resurgence in demand for high end woollen flooring. Paul Alston Chief Executive Officer palston@cavbrem.co.nz +64 21 918 033 +64 9 277 1135 Jackie Ellis Media Liaison jackie@ellisandco.co.nz +64 27 246 2505 20 March 2019 End CA:00332219 For:CAV Type:INTERIM Time:2019-03-20 11:27:12