Interim Results -9-

+-------------------+-----------------------------------------------+---------+-------------------+----------+ 
|                   |                                               |         |                   |          | 
+-------------------+-----------------------------------------------+---------+-------------------+----------+ 
|        |          |                                |        |     |  |      |          |        |          | 
+--------+----------+--------------------------------+--------+-----+--+------+----------+--------+----------+ 
 
+--------+--------------+--------+---------------+ 
|        | 9.    Earnings per share              | 
+--------+---------------------------------------+ 
|        | The          |        |               | 
|        | calculation  |        |               | 
|        | of the       |        |               | 
|        | basic        |        |               | 
|        | earnings     |        |               | 
|        | per share    |        |               | 
|        | is based on  |        |               | 
|        | the          |        |               | 
|        | following    |        |               | 
|        | data:        |        |               | 
+--------+--------------+--------+---------------+ 
|        |              |        |          From | 
|        |              |        |          date | 
|        |              |        |            of | 
|        |              |        | incorporation | 
|        |              |        |  on 18 May to | 
|        |              |        |   31 December | 
|        |              |        |          2009 | 
+--------+--------------+--------+---------------+ 
|        | Earnings     |        |               | 
|        | for the      |        |               | 
|        | purpose      |        |        (5.4p) | 
|        | of basic     |        |               | 
|        | earnings     |        |               | 
|        | per          |        |               | 
|        | share        |        |               | 
|        | being        |        |               | 
|        | net loss     |        |               | 
|        | attributable |        |               | 
|        | to           |        |               | 
|        | shareholders |        |               | 
|        | - based on   |        |               | 
|        | the  average |        |               | 
|        | number of    |        |               | 
|        | shares in    |        |               | 
|        | issue during |        |               | 
|        | the period   |        |               | 
+--------+--------------+--------+---------------+ 
|        |              |        |               | 
+--------+--------------+--------+---------------+ 
|        | Weighted     |        |               | 
|        | average      |        |     3,005,000 | 
|        | number       |        |               | 
|        | of           |        |               | 
|        | ordinary     |        |               | 
|        | shares       |        |               | 
|        | during       |        |               | 
|        | the          |        |               | 
|        | period       |        |               | 
|        | for the      |        |               | 
|        | purposes     |        |               | 
|        | of basic     |        |               | 
|        | earnings     |        |               | 
|        | per          |        |               | 
|        | share        |        |               | 
+--------+--------------+--------+---------------+ 
|        |              |        |               | 
+--------+--------------+--------+---------------+ 
 
 
+--------+-------------+--------+----------+ 
|        | 10.  Other receivables          | 
+--------+---------------------------------+ 
|        |             |        |       31 | 
|        |             |        | December | 
+--------+-------------+--------+----------+ 
|        |             |        |     2009 | 
|        |             |        |  GBP'000 | 
+--------+-------------+--------+----------+ 
|        |             |        |          | 
+--------+-------------+--------+----------+ 
|        | Other       |        |        5 | 
|        | receivables |        |          | 
+--------+-------------+--------+----------+ 
|        | Prepayments |        |        2 | 
+--------+-------------+--------+----------+ 
|        |             |        |          | 
+--------+-------------+--------+----------+ 
|        |             |        |        7 | 
+--------+-------------+--------+----------+ 
|        |             |        |          | 
+--------+-------------+--------+----------+ 
The directors consider that the carrying amount of other receivables is 
approximately equal to their fair value. There are no past due or impaired 
receivable balances within the company. 
 
 
+--------+----------+--------+----------+ 
|        | 11.  Trade and other         | 
|        | payables                     | 
+--------+------------------------------+ 
|        |          |        |       31 | 
|        |          |        | December | 
+--------+----------+--------+----------+ 
|        |          |        |     2009 | 
|        |          |        |  GBP'000 | 
+--------+----------+--------+----------+ 
|        |          |        |          | 
+--------+----------+--------+----------+ 
|        | Trade    |        |      143 | 
|        | payables |        |          | 
|        | and      |        |          | 
|        | accrual  |        |          | 
+--------+----------+--------+----------+ 
|        |          |        |          | 
+--------+----------+--------+----------+ 
Trade creditors and accruals principally comprise amounts outstanding for trade 
purchases, aborted acquisition costs and ongoing costs. The directors consider 
that the carrying amount of trade payables approximates to their fair value. 
 
 
+--------+---------------+ 
|        | 12.           | 
|        | Share         | 
|        | capital       | 
+--------+---------------+ 
|        | Share         | 
|        | capital       | 
|        | as at         | 
|        | 31            | 
|        | December      | 
|        | 2009          | 
|        | amounted      | 
|        | to            | 
|        | GBP1,502,500. | 
|        | During the    | 
|        | period, the   | 
|        | Group issued  | 
|        | 3,005,000     | 
|        | shares of     | 
|        | GBP1.0 each   | 
|        | for           | 
|        | GBP3,005,000. | 
+--------+---------------+ 
 
+--------------------------------------+-+--------------+----------+ 
|                                                       |       31 | 
|                                                       | December | 
|                                                       |     2009 | 
|                                                       |  GBP'000 | 
+-------------------------------------------------------+----------+ 
| Authorised                                            |          | 
+-------------------------------------------------------+----------+ 
| 5,000,000 ordinary shares of         |                |    2,500 | 
| GBP0.50 each                         |                |          | 
+--------------------------------------+----------------+----------+ 
|                                      |                |          | 
+--------------------------------------+----------------+----------+ 
| Called up, allotted and fully paid                    |          | 
+-------------------------------------------------------+----------+ 
| 3,005,000 ordinary shares of  GBP0.50  |              |    1,503 | 
| each                                   |              |          | 
+----------------------------------------+--------------+----------+ 
|                                        |              |          | 
+----------------------------------------+--------------+----------+ 
|                                      | |              |          | 
+--------------------------------------+-+--------------+----------+ 
The company has one class of ordinary shares which carries no fixed income. 
 
 
+--------+----------+--------+----------+ 
|        | 13.  Share premium           | 
+--------+------------------------------+ 
|        |          |        |       31 | 
|        |          |        | December | 
|        |          |        |     2009 | 
+--------+----------+--------+----------+ 
|        |          |        |  GBP'000 | 
|        |          |        |          | 
+--------+----------+--------+----------+ 
|        |          |        |          | 
+--------+----------+--------+----------+ 
|        | Balance  |        |        - | 
|        | at 18    |        |          | 
|        | May      |        |          | 
|        | 2009     |        |          | 
+--------+----------+--------+----------+ 
|        | Issues   |        |    1,502 | 
|        | of       |        |          | 
|        | shares   |        |          | 
+--------+----------+--------+----------+ 
|        | Direct   |        |    (155) | 
|        | costs    |        |          | 
|        | on       |        |          | 
|        | issues   |        |          | 
|        | of       |        |          | 
|        | shares   |        |          | 
+--------+----------+--------+----------+ 
|        |          |        |          | 
+--------+----------+--------+----------+ 
|        | Balance  |        |    1,347 | 
|        | at 31    |        |          | 
|        | December |        |          | 
|        | 2009     |        |          | 
+--------+----------+--------+----------+ 
|        |          |        |          | 
+--------+----------+--------+----------+ 
 
 
+--------+-----------+--------+----------+ 
|        | 14.  Accumulated deficit      | 
+--------+-------------------------------+ 
|        |           |        |       31 | 
|        |           |        | December | 
|        |           |        |     2009 | 
+--------+-----------+--------+----------+