Interim Results

Avacta Group plc

Interim results for the 6 months ended 31 October 2006

Avacta Group plc ("Avacta" or the "Company") announces its first set of results
since the acquisition of Avacta Limited by Readybuy plc ("Readybuy") during
August 2006 and since the change of name of Readybuy to Avacta. Avacta provides
advanced biophysics technology and services to the biopharmaceutical,
pharmaceutical, defence, security, and clinical diagnostics sectors.

KEY POINTS

  * Successful reversal of Avacta into Readybuy during August 2006, together
    with a placing of new ordinary shares in the capital of the Company to
    raise £638,000, net of expenses (the "Placing")
   
  * Development of the two broad technology platforms to proof of concept stage
   
  * Identification of several end user defined applications employing these two
    technology platforms
   
  * Laboratory bench prototype of one device successfully trialled at the MOD
   
  * Three year Master Service Agreement signed with UCB Celltech for the
    provision of a broad range of biopharma analytical services
   
  * IP protection programme is being actively progressed
   
Alastair Smith, Chief Executive Officer, commented:

"I am delighted with the progress that Avacta has made during the period since
admission to AIM.

"Avacta's technology development programme continues apace and I am
particularly pleased with the involvement of end users, such as UCB Celltech,
who play a key role in driving the process.

"In addition, the strong growth of Avacta's analytical services business,
driven by the launch of new service products to solve critical problems faced
by biopharmaceutical developers, is key to the Group moving forward. I believe
we are becoming well recognised for our expertise in this area. "

                                                                30 January 2007

Enquiries:

Avacta Group plc                       Tel: [phone]                    
                                                                             
Alastair Smith, Chief Executive                                              
Officer                                                                      
                                                                             
Tim Sykes, Chief Financial Officer                                           
                                                                             
Nexus Financial Limited                Tel: [phone]                    
                                                                             
Nicholas Nelson/Kathy Boate            [e-mail]      
                                                                             
WH Ireland Limited                     Tel: [phone]                    
                                                                             
David Youngman                                                               




CHAIRMAN'S AND CHIEF EXECUTIVE OFFICER'S REPORT

I am delighted to report our maiden interim results following the successful
reversal of Avacta Limited into Readybuy on 8 August 2006. These results cover
the 6 month period ended 31 October 2006. As the transaction has been accounted
for using reverse acquisition accounting, these results include six months of
trading for Avacta Limited and 12 weeks of trading for Readybuy since the date
of the reverse takeover.

In the admission document dated 13 July 2006 ("the Admission Document") we set
out the following key strategic objectives which would be funded from the
proceeds of the Placing:

  * To further the development of the detection technology platforms to proof
    of concept stage;
   
  * To finance the protection of Avacta's intellectual property;
   
  * To finance the development of Avacta's analytical services business by
    funding marketing and promotional activity; and
   
  * To demonstrate the advantages of Avacta's technology to support potential
    additional fund raising in due course.
   
We are pleased to report good progress against all these objectives. The
Group's key achievements during the period from the reverse takeover to 31
October 2006 and in the period since include:

The continued development of the detection technology platforms to proof of
concept stage - Development continues to meet the planning milestones and we
have moved sufficiently far along the product development pipeline to have
identified six application opportunities for the two broad technology
platforms: Spectratech and Nanoscreen. Both platforms have now reached proof of
concept stage for several applications and one prototype device has
successfully undergone a testing phase with the MOD. As stated in the Admission
Document, the directors of Avacta anticipate that additional funding will be
required to complete the development of this and other prototype devices and
eventually bring them to market.

The protection and funding of Avacta's intellectual property - Solid progress
has been made in this highly technical area. One patent application has
progressed to PCT stage and is awaiting examination, a further two UK patent
applications have been filed. New IPR is continually being identified and we
are working closely with our patent attorneys to protect these innovations at
an early stage.

The development of Avacta's analytical services business by funding marketing
and promotional activity - A business development programme is underway and our
team has been successful in raising the profile of the services of Avacta
Analytical Limited ("Avacta Analytical"), a subsidiary company, which has been
reflected in the sales pipeline. The Group has enjoyed a long term relationship
with UCB Celltech which was further crystallised during December 2006 with the
announcement of a three year Master Service Agreement to provide a broad
spectrum of biophysical analytical services. The launch of new analytical
services products for the biopharmaceutical industry is a strong driver for the
pipeline and Avacta Analytical expects to launch further new service products
in the near future.

The demonstration of the advantages of Avacta's technology to support potential
additional fund raising - The development of laboratory prototypes is an
essential step in demonstrating the advantages of Avacta's technologies and
this process is continuing rapidly. The potential of Avacta's technology is
reflected in the formation of collaborative partnerships with end users such as
UCB Celltech.

Financial Overview

The Group has adopted the principles of reverse acquisition accounting. This
requires that the results be presented as if Avacta Limited had acquired
Readybuy and that the results of Readybuy be consolidated from the date of that
acquisition.

Accordingly, the results for the half year ended 31 October 2006, provide for
six months of trading for Avacta Limited and 12 weeks of trading for Readybuy
since the Company's ordinary shares were re-admitted to trading on AIM on 8
August 2006 ("Admission").

The operating loss before the costs of Admission and the Placing was £498,000
(6 months ended 31 October 2005 - loss £48,000). This reflects the investment
in the development of our broad detection platforms to proof of concept stage
and our further development of the specific devices, along with our investment
in marketing of our analytical services. The costs of the Admission were 
£388,000 of which £239,000 was taken to the profit and loss account and £149,000
was taken to the share premium account.

At 31 October 2006 the Group had cash of £838,000 and was debt free.

Employees

The directors would like to thank all management and staff at Avacta for their
dedication and commitment without which, of course, the substantial progress
would not have been possible.

Outlook

World demand for molecular analysis and detection capabilities should continue
to rise, driven by acute problems faced by biological drug developers, the
threat of natural outbreaks such as pandemic flu, the continuing potential for
terrorist attacks using biological and chemical pathogens and the move towards
point of care medical testing. Consequently, the benefits of Avacta's
technologies and services, particularly for biopharmaceutical analysis, are
rapidly becoming recognised.

Through the identification of end user problems in these high value sectors and
the provision of technologies and services to solve them, Avacta has marked out
a clear path for continued development and growth in the coming year.

Gwyn Humphreys                                Alastair Smith

Chairman                                      Chief Executive Officer

Avacta Group plc

Consolidated Profit and Loss Account

For the six month period ended 31 October 2006

                                      Unaudited     Unaudited     Unaudited
                                                                           
                                       6 months      6 months    Year ended
                                          ended         ended              
                                                                           
                                     31 October    31 October  31 July 2006
                                           2006          2005              
                                                                           
                             Note          £000          £000          £000
                                                                           
Turnover                                     41            31           241
                                                                           
Operating costs                           (778)          (79)         (459)
                                                                           
Operating loss before                     (498)          (48)         (218)
Admission costs                                                            
                                                                           
Admission costs                 2         (239)             -             -
                                                                           
Operating loss                            (737)          (48)         (218)
                                                                           
Net interest receivable                       9             1             8
                                                                           
Loss before taxation                      (728)          (47)         (210)
                                                                           
Taxation                                      5             -             5
                                                                           
Retained loss                             (723)          (47)         (205)
                                                                           
Earnings per share                                                         
                                                                           
Basic                           3       (0.11p)       (0.01p)       (0.03p)
                                                                           
Basic before exceptional                (0.07p)       (0.01p)       (0.03p)
items                                                                      
                                                                           

The group's trading activities recommenced during August 2006, when Avacta
Limited reversed into Readybuy. The principles of reverse acquisition
accounting have been adopted in the preparation of this interim statement and
this requires that the results of Avacta Limited be presented with the results
of Readybuy included from the date of acquisition. The comparative figures are
the consolidated results of Avacta Limited. All of the above activities during
the 6 month periods ended 31 October 2006 and 31 October 2005 and the year
ended 31 July 2006 are classified as continuing.

The company's accounting reference date has been changed to 31 July and,
accordingly, the annual comparative figures presented are for the year ended 31
July 2006.

Avacta Group plc

Consolidated balance sheet

For the six month period ended 31 October 2006

                                     Unaudited      Unaudited     Unaudited
                                                                           
                                    31 October     31 October  31 July 2006
                                          2006           2005              
                                                                           
                           Note           £000           £000          £000
                                                                           
Fixed assets                                                               
                                                                           
Goodwill                      4          3,563              -             -
                                                                           
Tangible fixed assets                       51              3            37
                                                                           
                                         3,614              3            37
                                                                           
Current assets                                                             
                                                                           
Debtors                                     38             75            50
                                                                           
Cash at bank                               838            326           175
                                                                           
                                           876            401           226
                                                                           
Creditors : Amounts                                                        
falling due within one                   (206)           (87)          (67)
year                                                                       
                                                                           
Net current assets                         670            314           159
                                                                           
                                         4,284            317           196
                                                                           
Capital and reserves                                                       
                                                                           
Called up share capital                    747            747           747
                                                                           
Share premium                            2,368          2,368         2,368
                                                                           
Reverse acquisition                      1,944        (2,780)       (2,734)
reserve                                                                    
                                                                           
Profit and loss account                  (525)           (18)         (185)
                                                                           
Equity shareholders'                     4,284            317           196
funds                                                                      
                                                                           

Avacta Group plc

Consolidated Cashflow Statement

For the six month period ended 31 October 2006

                                       Unaudited      Unaudited      Unaudited
                                                                              
                                  6 months ended 6 months ended     Year ended
                                                                              
                                      31 October     31 October   31 July 2006
                                            2006           2005               
                                                                              
                                            £000           £000           £000
                                                                              
Operating loss                             (737)           (48)          (218)
                                                                              
Depreciation and                               2              1              3
amortisation                                                                  
                                                                              
(Increase) / decrease in                     284           (74)              -
working capital                                                               
                                                                              
Net cash outflow from operating            (451)          (121)          (215)
activities                                                                    
                                                                              
Net cash inflow from servicing of              9              1              8
finance                                                                       
                                                                              
Net cash inflow from taxation                  5              -              5
                                                                              
Net cash inflow from acquisitions          1,038              -              -
                                                                              
Net cash outflow from capital               (39)            (2)           (37)
expenditure                                                                   
                                                                              
Net cash outflow before use                                                   
of liquid resources and                      562          (122)          (239)
financing                                                                     
                                                                              
Issue of ordinary share capital               15            381            381
                                                                              
Net cash inflow / (outflow) from              15            381            381
financing                                                                     
                                                                              
Increase / (decrease) in cash in             577            259            142
the period                                                                    
                                                                              
Analysis of net cash                                                          
                                                                              
Cash at bank and in hand                     838            326            175
                                                                              

Avacta Group plc

Interim accounts

For the six month period ended 31 October 2006

Notes

 1. The unaudited results for the six month period ended 31 October 2006 have
    been prepared using the principles of reverse acquisition accounting. These
    principles require that the accounting reflects the substance of the
    transaction rather than the legal form of the transaction. As such, the
    reverse acquisition by Avacta Limited of Readybuy has been recognised
    rather than the legal transaction that actually took place, being the
    acquisition of Avacta Limited by Readybuy via a share for share exchange.
    Further, the historic consolidated profit and loss account, consolidated
    balance sheet and consolidated cash flow statement of Avacta Limited are
    presented rather than those of Readybuy. The balance sheet reflects the
    share capital and share premium of the legal parent, Readybuy, at 31
    October 2006. In order to provide meaningful comparables for shareholders,
    this share capital and share premium has also been recognised at 31 October
    2005 and 31 July 2006. These unaudited results do not constitute statutory
    accounts within the meaning of Section 240 of the Companies Act 1985.
   
 2. Admission costs
   
                                    Unaudited     Unaudited     Unaudited
                                                                         
                                     6 months      6 months    Year ended
                                        ended         ended              
                                                                         
                                   31 October    31 October  31 July 2006
                                         2006          2005              
                                                                         
                                         £000          £000          £000
                                                                         
Charges relating to the                   239             -             -
Admission                                                                

 3. The calculation of earnings per share for the period is based on the loss
    after taxation divided by the weighted average number of ordinary shares in
    issue. Because of the reverse acquisition, it is necessary to use the total
    number of shares in issue at 31 October 2006 as the base for the earnings
    per share calculation for each period in order to present a meaningful
    comparison. Accordingly, the number of issued ordinary shares as at 31
    October 2006, being 669,327,344, has been used as the number of shares in
    issue throughout each period.
   
 4. During the period, Readybuy legally acquired the entire issued ordinary
    share capital of Avacta Limited. However, the Group has adopted the
    principles of reverse acquisition accounting and has reflected the
    substance of the transaction rather than the legal form. Hence, the Group
    has accounted for the acquisition as though Avacta Limited had acquired
    Readybuy. The assets and liabilities arising from the acquisition are as
    follows :
   
                                                                  Provisional
                                                                   fair value
                                                                             
                                                                         £000
                                                                             
Cash at bank and in hand                                                1,038
                                                                             
Net current assets                                                         61
                                                                             
Net assets acquired                                                     1,099
                                                                             
Purchase consideration, settled in                                      4,662
shares                                                                       
                                                                             
Provisional goodwill                                                    3,563
                                                                             
Cash inflow on acquisition                                              1,038