HARRIS TECHNOLOGY GROUP LIMITED — Management Reports 2008

Nov 27, 2008

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ASX ANNOUNCEMENT – FOR IMMEDIATE RELEASE - 28 NOVEMBER 2008

MANAGING DIRECTOR’S ADDRESS

Swish Group continues to expand its digital signage, digital music, film production and distribution, telecommunications sales and marketing and internet television businesses. That growth is partly reflected in the revenue of the Group having increased rapidly from $2.5 million in the first half of the 2008 financial year to $4.9 in the second half. Revenue for the current half year to 31 December 2008 is expected to be in the order of $7m to 7.5m, similar to the revenue for the full 2008 financial year. At the same time the Company has continued to significantly improve its operating performance from an EBITDA loss of $1.3m in the first half of the 2008 financial year to $0.3m in the second half of 2008. This improved performance is expected to continue in the 2009 financial year although recent economic events may have some impact on the Company’s revenues and earnings.

The performance of the Company’s Digital Signage business continues to improve. The Good Health and Pharmacy TV networks, which operate audio visual screens featuring entertainment and advertising in medical centres, hospitals and pharmacies throughout Australia, are becoming increasingly accepted by advertisers as a significant advertising medium because of their greater efficiency, flexibility and cost-effectiveness in delivering information and advertising when compared with traditional static media.

During the last financial year the Company renewed its exclusive license agreement with The Orchard, the world’s largest distributor and marketer of independent music, for a further 5 years until 2012. This effectively entrenches the Company’s leading position in the online music business in Australia, New Zealand and the Pacific for the foreseeable future. During the year the Company also extended its agreement with The Orchard to cover all the countries in South East Asia, also on an exclusive basis and also for 5 years. The Company expects to see tremendous growth out of this region as the acceptance of online music really begins accelerate.

Sales of digital music through the internet is continuing to grow rapidly and The Orchard/Swish AmpHead catalogue now consists of over 1.3 million music tracks and 3,500 hours of video content. The Company aggregates and then supplies that music to approximately 400 of the world’s largest online music retailers and telecommunication companies including iTunes, e- music, Napster, Rhapsody, Telstra Bigpond, Nokia, Sony, Ericsson and many others. The Company currently supplies between 20-25% of all of the music available on iTunes the world’s largest online music retailer

The Company also continues to expand its film production and distribution businesses and in particular its Indian feature film production business. The Company currently has one feature film in production in the USA and has a number of films that are expected to go into production over the next 12 months. The increasing popularity of Indian/Bollywood films in Australia is also driving the growth of the Company’s film distribution business.

Recently the Company acquired one of Australia’s only Internet Television businesses from the Prime Media Group. Shareholders can view what has been rebranded, Swish TV at www.swishtv.com.au. The Company believes that internet television services like Swish TV will become significant new media in the next few years and that Swish TV is well placed to take advantage of the shift in television audiences online.

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

Obviously these are difficult times but the Company believes that the businesses it has established, acquired and developed, in the digital media area are in a better position than most to continue the growth they have experienced to date.