Harman International Presents at the Bear Stearns Investor Conference in New York

WASHINGTON--June 12, 2006--Dr. Sidney Harman, Executive Chairman, and Douglas Pertz, Chief Executive Officer of Harman International Industries, Incorporated , spoke today at an investor conference in New York.

They reviewed the Company's third quarter operations and reconfirmed earnings guidance for the year at $3.85 per share before restructuring and bond repurchase charges.

Mr. Pertz stated that the Company plans to take restructuring action in the fourth quarter, intended to increase efficiency in its manufacturing and engineering organizations. It will generate a charge to earnings for the year of approximately $10 to $15 million (10 cents to 15 cents per share). On June 9, 2006 the Company initiated a tender offer to repurchase its outstanding senior notes of approximately $310 million due in February and July 2007. The associated cost is expected to be approximately $5 million (5 cents per share).

Dr. Harman said:

"We will complete the year with a solid balance sheet, virtually without debt after the repurchase of our outstanding bonds. Actions to make the manufacturing and engineering organizations more efficient will ready us for a vigorous future in the automotive OEM and professional arenas."

Harman International Industries, Incorporated (www.harman.com) is a leading manufacturer of high-quality, high fidelity audio products and electronic systems for the automotive, consumer and professional markets. The Company's stock is traded on the New York Stock Exchange under the symbol: HAR.

Note: Except for historical information contained herein, the matters discussed are forward-looking statements within the meaning of Section 21E of the Securities Exchange Act. You should not place undue reliance on these statements. We base these statements on particular assumptions that we have made in light of our industry experience, as well as our perception of historical trends, current market conditions, current economic data, expected future developments and other factors that we believe are appropriate under the circumstances. These statements involve risks and uncertainties that could cause actual results to differ materially from those suggested in the forward-looking statements, including but not limited to the effect of changes in consumer confidence, a rise in interest rates affecting consumer spending, automobile industry sales and production rates, the loss of one or more significant customers, including our automotive customers, model-year changeovers and customer acceptance in the automotive industry, our ability to satisfy contract performance criteria, availability of key components to the products we manufacture, competitive products, fluctuations in currency exchange rates, the outcome of pending or future litigation and other claims, labor disputes at our facilities and those of our customers or common carriers, general economic conditions and other risks detailed in filings made by Harman International with the Securities and Exchange Commission.