H & M HENNES & MAURITZ AB SIX-MONTH REPORT

1 December 2009 – 31 May 2010 THE FIRST HALF-YEAR • The H&M Group’s sales excluding VAT during the first six months of the financial year amounted to SEK 51,879 m (49,837), an increase of 4 percent. In local currencies, the increase was 11 percent. • Profit after financial items amounted to SEK 12,095 m (9,338), an increase of 30 percent. Group profit after tax was SEK 8,950 m (6,770), corresponding to SEK 5.41 (4.09) per share. THE SECOND QUARTER • The H&M Group’s sales excluding VAT during the second quarter amounted to SEK 27,033 m (26,538), an increase of 2 percent. In local currencies, the increase was 10 percent. • Gross profit amounted to SEK 17,808 m (16,201), corresponding to a gross margin of 65.9 percent (61.0). • Profit after financial items amounted to SEK 7,040 m (5,784), an increase of 22 percent. Group profit after tax was SEK 5,209 m (4,193), corresponding to SEK 3.15 (2.53) per share. • Sales in May increased by 6 percent in local currencies compared to the same month last year. -------------------------------------------------------------- • Sales in the period 1 – 22 June 2010 increased by 22 percent in local currencies compared to the same period last year. • Croatia and Romania new H&M countries in spring 2011. • Morocco new franchise market in autumn 2011. [Graphic removed – see pdf for table.]

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