Investor Presentaiton

Overview ■ ◉ Sales and profit growth (NPAT up 3.7%) Continued strong performance from Paints & Coatings, despite a short term correction in retail channels in Australia and the impact of the H2 FY15 Mitre 10 NZ exit Fundamentals sound in other heritage businesses with growth in Yates and Asia. Short term pressures in Selleys (Woolworths hardware destocking) and PNG (economy) Good growth in Lincoln Sentry and continued revenue & gross margin improvement in GDO, offset by one-off costs. Weaker H1 for Parchem (market), largely mitigated by prior period cost saving initiatives Markets and businesses generally well positioned for the second half Balance sheet metrics solid, with net debt to EBITDA at 1.4x Interim dividend up 4.5% ◉ Supply chain projects on track Reaffirm that we expect FY16 NPAT will be higher than FY15 equivalent of $124.7M Numbers in this presentation are subject to rounding. Refer Appendix for definitions. DuluxGroup Imagine a better place 4

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