NICK SCALI LIMITED — Capital/Financing Update 2016

May 12, 2016

13 May 2016

Updated Profit Guidance

Furniture retailer Nick Scali Limited (ASX:NCK) today advises that based on strong April 2016 sales deliveries and the expectation for this delivery pipeline to continue through until the end of June 2016, the current expectation is for net profit after tax for the full financial year 2016 to be in the range of $24 to $26 million.

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________________________ Kevin Fine Company Secretary

For further information contact

Anthony Scali (Chief Executive Officer and Managing Director) or Kevin Fine (Chief Financial Officer and Company Secretary)

_____________________________________________________________________ Nick Scali Limited ABN 82 000 403 896 3-29 Birnie Avenue Lidcombe NSW 2141 Tel: 61 2 9748 4000 Fax: 61 2 9748 4022