=l/ FRNST & YOUNG ice, ag — Emst & Young Craig M. Jackson Partner Sydney 26 September 2003 Audit opinion  In our opinion, the financial report of Harvey Norman Holdings Limited is in accordance with:  (a)  the Corporations Act 2001, including:  (i)  giving a true and fair view of the financial position of Harvey Norman Holdings Limited and the  consolidated entity at 30 June 2003 and of their performance for the year ended on that date; and  (ii)  complying with Accounting Standards in Australia and the Corporations Regulations 2001; and  (b)  other mandatory financial reporting requirements in Australia.  91