HALF-YEAR REPORT 1 December 1998 - 31 May 1999

• Group turnover amounted to SEK 15,683 M (SEK 12,065 M), an increase of 30 per cent. The sales development has been most satisfactory in all markets.

• Profit before tax was SEK 2,049 M (SEK 1,356 M), an increase of 51 per cent.

• Profit per share after comprehensive tax allocation was SEK 1.61 (SEK 1.06).

• Investments and start-up costs amounted to SEK 515 M (SEK 374 M). A total of 30 new shops were opened during the six month period.

• The negotiations for the first shop lease in the US has been finalised and the lease will be signed in June. In Spain, negotiations for several stores are in progress.

About Us

H & M Hennes & Mauritz AB (publ) was founded in Sweden in 1947 and is quoted on Nasdaq Stockholm. H&M’s business idea is to offer fashion and quality at the best price in a sustainable way. In addition to H&M, the group includes the brands COS, Monki, Weekday, Cheap Monday, & Other Stories, H&M Home as well as ARKET. The H&M group has 43 online markets and 4,739 stores in 69 markets including franchise markets as per 30 November 2017. In 2017, sales including VAT amounted toapproximately SEK 232* billion. The number of employees amounts to more than 161,000. For further information, visit about.hm.com

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