NICK SCALI LIMITED — Earnings Release 2017

May 1, 2017

2 May 2017

Profit Guidance

Furniture retailer Nick Scali Limited (ASX:NCK) today advises that based on the continuation of positive trading conditions to the end of April following on from the financial year 2017 half year results announcement on 14[th] February 2017, current expectation is for net profit after tax for the full year to June 2017 to be in the range of $36m$37m which is an increase of around 40% over the previous corresponding period.

Pleasingly, same store sales for the four months to April 2017 have continued at double digit growth and recent and proposed new store openings should assist results into the 2017/2018 financial year.

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________________________ Kevin Fine Company Secretary

For further information contact

Anthony Scali Kevin Fine

(Chief Executive Officer and Managing Director) or (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