Appendix 4D Half-year financial report For the half …

1 Appendix 4D Half-year financial report For the Half-year ended 31 december 2017 JB Hi-Fi Limited ACN 093 220 136 This Half-year financial report is provided to the Australian Securities Exchange (ASX) under ASX Listing Rule For personal use only JB Hi-F i Limited ACN 093 220 136 Reporting period Comparative period Half-year ended 31 december 2017 Half-year ended 31 december 2016 Results for announcement to the market Percentage change % Amount $m Revenue from ordinary activities up to 3, Profit from ordinary activities after tax up to Net profit attributable to members of JB Hi-Fi Limited up to Dividend information Amount per security Franked amount per security Final dividend year ended 30 June 2017 Interim dividend year ended 30 June 2018 Record date for determining entitlements to the dividend: final dividend interim dividend 25 August 2017 23 February 2018 Dividend payment date.

2 Final dividend interim dividend 8 September 2017 9 March 2018 Net Tangible Assets Per Security 31 Dec 2017 $ 31 Dec 2016 $ Net tangible (liabilities)/assets per security ( ) ( ) Other information This report is based on the consolidated financial statements which have been reviewed by Deloitte. For a brief explanation of the figures above please refer to the Announcement on the results for the Half-year ended 31 december 2017 and the notes to the financial statements. For personal use onlyJB Hi-Fi LimitedACN 093 220 136 Half-year financialreportfor the Half-year ended31 December2017 For personal use onlyJB Hi-Fi LimitedHalf- year financialreportfor the Half-year ended31 December2017 ContentsPageDirectors'report1 Auditor'sindependencedeclaration2 Independentauditor'sreviewreport3 Directors'declaration5 Condensedconsolidatedstatementof profit or loss6 Condensedconsolidatedstatementof profit or loss and other comprehensiveincome7 Condensedconsolidatedbalancesheet8 Condensedconsolidatedstatementof changesin equity9 Condensedconsolidatedstatementof cash flows10

3 Notesto the condensedconsolidatedfinancialstatements 11 This half -yearfinancialreportdoes not includeall the notes of the type normallyincludedin an ,this reportis to be read in conjunctionwith the annualreport for the year ended30 June 2017and any publicannouncementsmade by JB Hi-Fi Limitedduringthe half -yearreportingperiodin accordancewiththe continuousdisclosurerequirementsof the CorporationsAct personal use only 1 JB Hi-Fi Limited Directors' report Directors' report The directors of JB Hi-Fi Limited ("the Company") submit herewith the Half-year financial report of the consolidated entity consisting of the Company and the entities it controlled ("the Group") for the Half-year ended 31 december 2017 .

4 In order to comply with the provisions of the Corporations Act 2001, the directors report as follows: Directors The following persons held office as directors of JB Hi-Fi Limited during and since the end of the financial period: Mr Greg Richards (Chairman) Mr Stephen Goddard Ms Beth Laughton Mr Mark Powell Ms Wai Tang Mr Richard Uechtritz Mr Richard Murray Review of operations The Group's net profit attributable to owners of JB Hi-Fi Limited for the Half-year was $ million (2016: $ million). A review of the operations of the Group during the Half-year and the results of these operations are set out in the Announcement on the results for the Half-year ended 31 december 2017 .

5 Auditor's independence declaration The auditor's independence declaration is included on page 2 of the Half-year financial report . Rounding off of amounts The Company is a company of the kind referred to in ASIC Corporations (Rounding in financial /Directors' Reports) Instrument 2016/191, dated 24 March 2016, and in accordance with that Corporations Instrument, amounts in the Directors' report and the Half-year financial report are rounded off to the nearest hundred thousand dollars, unless otherwise indicated. Signed in accordance with a resolution of directors made pursuant to (3) of the Corporations Act 2001.

6 On behalf of the directors Richard Murray Group Chief Executive Officer Melbourne, 12 February 2018 For personal use only Liability limited by a scheme approved under Professional Standards Legislation. Member of Deloitte Touche Tohmatsu Limited 2 Deloitte Touche Tohmatsu 74 490 121 060 550 Bourke Street Melbourne VIC 3000 GPO Box 78 Melbourne VIC 3001 Australia DX: 111 Tel: +61 (0) 3 9671 7000 Fax: +61 (0) 3 9671 7001 12 February 2018 Dear Board Members JB Hi-Fi Limited In accordance with section 307C of the Corporations Act 2001, I am pleased to provide the following declaration of independence to the directors of JB Hi-Fi Limited.

7 As lead audit partner for the review of the financial statements of JB Hi-Fi Limited for the Half-year ended 31 december 2017 , I declare that to the best of my knowledge and belief, there have been no contraventions of: (i) the auditor independence requirements of the Corporations Act 2001 in relation to the review; and (ii) any applicable code of professional conduct in relation to the review. Yours sincerely DELOITTE TOUCHE TOHMATSU Andrew Reid Partner Chartered Accountants The Board of Directors JB Hi-Fi Limited Level 4, Office Tower 2 Chadstone Shopping Centre 1341 Dandenong Road CHADSTONE VIC 3148 For personal use only Liability limited by a scheme approved under Professional Standards Legislation.

8 Member of Deloitte Touche Tohmatsu Limited 3 Deloitte Touche Tohmatsu ABN 74 490 121 060 550 Bourke Street Melbourne VIC 3000 GPO Box 78 Melbourne VIC 3001 Australia Tel: +61 3 9671 7000 Fax: +61 3 9671 7001 Independent Auditor s Review report to the members of JB Hi-Fi Limited We have reviewed the accompanying Half-year financial report of JB Hi-Fi Limited, which comprises the condensed consolidated balance sheet as at 31 december 2017 , the condensed consolidated statement of profit or loss, the condensed consolidated statement of profit or loss and other comprehensive income.

9 The condensed consolidated statement of changes in equity and the condensed consolidated statement of cash flows for the Half-year ended on that date, notes comprising a summary of significant accounting policies and other explanatory information, and the directors declaration of the consolidated entity comprising the company and the entities it controlled at the end of the Half-year or from time to time during the Half-year as set out on pages 5 to 19. Directors responsibility for the Half-year financial report The directors of the company are responsible for the preparation of the Half-year financial report that gives a true and fair view in accordance with Australian Accounting Standards and the Corporations Act 2001 and for such internal control as the directors determine is necessary to enable the preparation of the Half-year financial report that gives a true and fair view and is free from material misstatement, whether due to fraud or error.

10 Auditor s responsibility Our responsibility is to express a conclusion on the Half-year financial report based on our review. We conducted our review in accordance with Auditing Standard on Review Engagements ASRE 2410 Review of a financial report Performed by the Independent Auditor of the Entity, in order to state whether, on the basis of the procedures described, we have become aware of any matter that makes us believe that the Half-year financial report is not in accordance with the Corporations Act 2001 including: giving a true and fair view of JB Hi-Fi Limited s financial position as at 31 december 2017 and its performance for the Half-year ended on that date.