Trading Update

04.05.10

Hastie Group Limited today announced that it expected Operating Earnings Before Interest and Tax (EBIT), to be around $75 million for the financial year to 30 June 2010, due to project delays (where sales have moved into the next financial year), slowdown in retail capital expenditure and some impact from the continuing stronger Australian dollar.

The Group’s Managing Director and Chief Executive Officer, David Harris, said the expected EBIT for the year to June 30 2010 would therefore be below the guidance provided to the market earlier this year.

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