HARRIS TECHNOLOGY GROUP LIMITED - Interim / Quarterly Report 2009

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ASX ANNOUNCEMENT FOR IMMEDIATE RELEASE – 27 FEBRUARY 2009

HALF YEAR FINANCIAL REPORT

Swish Group presents its Appendix 4D Half Year Report for the period ended 31 December 2008.

Revenue for the half-year ended 31 December 2008 was $7.8m. Earnings before interest, tax, depreciation, amortisation and impairment expenses were a loss of $0.7m, compared to a loss of $1.3m in the comparative period. The consolidated entity incurred a loss of $1.2m for the halfyear ended 31 December 2008, after taking account of impairment expenses of $0.4m.

The Company believes that there are significant prospects for both its more established and traditional businesses that are providing cashflow for the business and have achieved, or are close to achieving profitability, and its earlier stage digital media businesses that while yet to become profitable are exhibiting significant growth.

The Digital Signage business has considerable growth potential and is increasingly being viewed in Australia and internationally as an efficient and effective alternative to traditional mainstream media. Digital signage networks continue to expand rapidly in the USA, Europe and Asia and this international growth is expected to be replicated in Australia over the next few years.

The Company’s digital online music business, Swish Amphead, is exhibiting considerable growth which is expected to continue for over the next 12 months. This rate of growth is well ahead of the digital music industry as a whole which itself is experiencing significant growth. The extension of the exclusive content aggregation and distribution agreement with The Orchard consolidates the Company’s position as one of Australia, New Zealand and the Pacific’s largest distributors of digital music. The recent extension of the agreement with The Orchard to cover all of the Countries within South East Asia will enables the Company to significantly expand this part of its business.

The Swish Torque Communications business is continuing to expand through its agreements with Vodafone and Primus. Its integration into the Swish Group business also enhances the Company’s existing marketing and sales capacity. The business is expected to grow substantially in the year ahead as the Company continues to expand its sales and marketing teams.

The Swish Films production business has achieved considerable growth during the period but future growth may be impacted by the uncertain economic environment if Indian studios decide to shoot fewer feature films outside India. While this would have an impact on top line revenue it would have a minimal impact on earnings. Swish MG Distribution, the Company’s film distribution business, anticipates releasing a similar number of Indian / Bollywood films in Australia during 2009 but average box office per film is continuing to increase.

During the period the Company acquired and rebranded one of Australia’s only independent internet TV businesses, which it proposes to re-launch in the current half year.

While the Company does not believe many of its businesses are likely to be particularly susceptible to current economic conditions due to their nature and the ongoing rapid growth in digital media, it is continuing to closely monitor each of its businesses, both in terms of revenues and expenses. The Company has and will continue to make appropriate adjustments as and when required. The Company will also continue to make acquisitions as and when opportunities arise.

The Swish Group Limited (ACN 085 545 973 Level 1, 102 Toorak Road, South Yarra, VIC 3141

About Swish Group:

The Swish Group Limited (ASX codes: SWG, SWGO) businesses include one of Australia’s largest digital signage networks, Australia’s largest wholesaler of independent digital music, a significant film and television production business operating in Australia and the USA, a film distribution business, a telecommunications sales and marketing business and a one of Australia’s only internet TV businesses. The Company has a market capitalisation of approximately $4m.

Websites : www.swishgroup.com.au, www.ampheadmusic.com, www.swishtv.com.au www.blackcatfilms.com.au, www.mgdistribution.com.au Cary Stynes Managing Director T: +61 3 8844 5900 M: +61 412 111 821

E: [email protected]