DuluxGroup Financial Performance Update

Paints New Zealand THE Excluding Australian Flood Production (NZ$) Half year ended 2011 2010 % I % 31 March (A$M) Actual Pro forma Sales 48.8 45.5 7.3 ↑ (3.5) EBITDA 8.8 8.2 7.3 ↑ EBITDA margin (%) 18.0% 18.0% 0.0 pts ↑ EBIT 7.8 7.0 11.4 ↑ (8.8) EBIT margin (%) 16.0% 15.4% 0.6 pts ↑ (0.9) pts • Softer result for the local business in a weaker market. Operating costs well contained and margins still strong Headline revenue and profit includes benefits from production to support Australia post the flood disruption at Rocklea DuluxGroup Imagine a better place 10

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