UNAUDITED Half-yearly Report

SECURED PROPERTY DEVELOPMENTS PLC                       

             Rowlandson House 289/293 Ballards Lane London N12 8NP             

              UNAUDITED Results for the period to 30th June 2009               

The unaudited results for the six months to 30th June 2009 can be compared with
those for the same period in 2008 and for the year 2008 as follows:-

                               6 months ended 6 months ended    Year ended    
                                                                              
                               30th June 2009 30th June 2008   31st December  
                                                                   2008       
                                    GBP            GBP             GBP           
                                                                           
                                                                              
TURNOVER                           72052          76036           143032      
                                                                              
Cost of Sales                                                     (10765)     
                                                                              
GROSS PROFIT                       72052          76036           132267      
                                                                              
Administrative expenses           (29293)        (96310)          (95901)     
                                                                              
OPERATING (LOSS)/PROFIT FROM       42759         (20274)           36366      
CONTINUING OPERATIONS                                                         
                                                                              
Interest received                   3260           6074            26776      
                                                                              
Interest Paid                     (50778)        (32644)          (81564)     
                                                                              
(LOSS)/PROFIT ON ORDINARY          (4759)        (46844)          (18422)     
ACTIVITIES BEFORE TAXATION                                                    
                                                                              
Taxation                             -              -                -        
                                                                              
(LOSS)/PROFIT AFTER TAXATION       (4759)        (46844)          (18422)     
                                                                              
(Loss)/Earnings per share         (0.02)p        (2.38)p          (0.9)p      

Bearing in mind the very low returns available on the Group's cash deposits and
the need to stay in a positive cash position during the present difficult
economic climate the loss of £4759 for the six months ended 30th June 2009 is
not unexpected. However, every effort will be made to contain the position for
the full year.

Philip Cottam

Chairman

21st September 2009