Trading update and profit forecast

12 August 2019 HALLENSTEIN GLASSON HOLDINGS LIMITED TRADING UPDATE FOR THE FULL YEAR ENDED 1 AUGUST 2019 The Company advises that sales for the 12 months ended 1 August 2019 were $286.69 million, an increase of 3.3% on the prior year ($277.64 million). Net profit after tax is expected to be within the range of $27.7 million to $28.2 million, an increase of approximately 2.0% on the prior year ($27.4 million). Sales growth was maintained throughout the second half of the year for both Glassons New Zealand and Glassons Australia but Hallenstein Brothers experienced a tougher season with sales and margin down on the year. The Group's balance sheet and projected future cash flow remains strong. Stock levels are also well managed. A full profit release will be made to the market on 27 September 2019. Mary Devine Group Managing Director End CA:00338961 For:HLG Type:MKTUPDTE Time:2019-08-12 09:26:09