Interim Results

Embargoed: not to be released before 7:00 a.m.

                                                                    16 May 2006

                 TALENT GROUP PLC ("Talent" or "the Company")                  

                        Interim announcement of results                        
                for the six month period ended 31st March, 2006                

I am pleased to report on the results for the six month period ended 31 March
2006. I am delighted to report a half year of further improvement. Although
turnover fell slightly to £3.0 million, against £3.2 million, higher operating
margins resulted in a profit before taxation for the period under review of £
69,000, against a loss of £100,000 for the same period last year. This
demonstrates, once again, Talent's ability to improve its underlying
profitability in a competitive environment.

Your directors are not recommending payment of a dividend for the period.

Recent changes to key executives at major broadcasters has had a delaying
effect on the timing of some commissions which means that a challenging second
half lies ahead. However, the people now in place and the fact that there has
been a general return to the kind of entertainment programming in which we
specialise, give us reason to be optimistic.

We continue to develop our new relationship with Channel Four and I am pleased
to announce that hot on the heels of our first commission (The Man With 80
Wives) with them, we have secured a second commission for a one-hour prime-time
special to mark the 5th anniversary of 9/11 entitled `9/11 The Curse of
Compensation'.

I intend to dedicate more time to Talent in the future and, from 1 July, will
become part time executive chairman of the company. I will be working more
closely with Tony Humphreys and the management team to add value, both
organically and by acquisition, and to build on the excellent team that is
already in place.

I would like to express my thanks to all those involved in producing an
excellent first six months result.

Robert Benton
Chairman
16 May 2006



GROUP PROFIT AND LOSS ACCOUNT
as at 31 March 2006

                                   6 months to 6 months to  Year ended
                                      31 March    31 March          30
                                                             September
                                          2006        2005        2005
                                   (Unaudited) (Unaudited)   (Audited)
                                                                      
                                         £'000       £'000       £'000
                                                                      
Turnover                                 3,003       3,202       5,619
                                                                      
Cost of sales                          (2,149)     (2,486)     (3,964)
                                                                      
Gross profit                               854         716       1,655
                                                                      
Operating costs                                                       
                                                                      
Administrative expenses                  (795)       (759)     (1,536)
                                                                      
Goodwill amortisation                        -        (60)       (119)
                                                                      
                                         (795)       (819)     (1,655)
                                                                      
Operating profit/(loss)                     59       (103)           -
                                                                      
Net interest                                10           3          18
                                                                      
Profit/(loss) before taxation               69       (100)          18
                                                                      
Taxation                                  (11)           -        (27)
                                                                      
Profit/(loss) for the period                58       (100)         (9)
                                                                      
Basic profit/(loss) per share            0.36p     (0.62)p     (0.06)p
(pence)                                                               
                                                                      
Diluted profit/(loss) per share          0.34p     (0.59)p     (0.05)p
(pence)                                                               

The results relate to the continuing activities of the Group.



GROUP BALANCE SHEET
as at 31 March 2006

                               31 March 2006    31 March 2005     30 September  
                                                                      2005      
                                (Unaudited)      (Unaudited)       (Audited)    
                                                                                
                              £'000    £'000    £'000   £'000    £'000   £'000  
                                                                                
Fixed assets                                                                    
Tangible assets                           66               44               43       
Rights                                    51                -               54      
Goodwill                                 868              927              868      
                                         985              971              965     
                                                                                
Current assets                                                                  
Debtors                         756               371              736             
Work in progress                 41                69               41         
Cash at bank and in                                                             
hand:                                                                           
- General                       588               330              594         
- Controlled productions        349             1,537              588         
                              1,734             2,307            1,959         
                                                                                
Creditors: amounts           (1,282)           (2,005)          (1,553)         
falling due within one                                                          
year                                                                            
                                                                                
Net current assets                       452              302              406
                                                                                
Total assets less                      1,437            1,237            1,371
current liabilities                                                             
                                                                                
Creditors: amounts                         -               (7)               -
falling due after more                                                          
than one year                                                                   
                                                                                
Net assets                             1,437            1,266            1,371
                                                                                
Capital and reserves                                                            
Called up share capital                6,310            6,310            6,310
Share premium account                 11,634           11,634           11,634
Other reserves                           103               81               95
Profit and loss account              (16,610)         (16,759)         (16,668)
                                                                                
Shareholders' funds                    1,437            1,266            1,371
                                                                                


GROUP CASH FLOW STATEMENT
For the six months ended 31 March 2006

                                        6 months to 6 months to  Year ended
                                           31 March    31 March          30
                                                                  September
                                   Note        2006        2005        2005
                                        (Unaudited) (Unaudited)   (Audited)
                                                                           
                                              £'000       £'000       £'000
                                                                           
Net cash inflow from operating      5         (225)         715          24
activities                                                                 
                                                                           
Returns on investments and                                                 
servicing of finance                                                       
                                                                           
Interest paid                                     -           -           -
Interest received                                10           3          18
                                                 10           3          18
                                                                           
Taxation                                          -           -           -
                                                                           
Capital expenditure and financial                                          
investment                                                                 
                                                                           
Purchase of tangible fixed assets              (30)         (9)        (18)
                                               (30)         (9)        (18)
                                                                           
Increase in cash                    6         (245)         709          24



NOTES TO THE INTERIM FINANCIAL STATEMENTS
For the six months ended March 2006

1. INTERIM FINANCIAL STATEMENTS

The interim financial statements do not comprise statutory accounts for the
purposes of s240 of the Companies Act 1985.

From 1 October 2005, the group has chosen to adopt International Accounting
Standards. This has led to no further amortisation of goodwill which the board
of directors believe to be at fair value. It has also led to the prior year
adjustment, which is in respect of accounting for employee share options under
IFRS 2.

2. TURNOVER AND PROFIT/(LOSS) ON ORDINARY ACTIVITIES BEFORE TAXATION

The results for the six months ended 31 March 2006 and 31 March 2005 are
unaudited. The audited results for the year ended 30 September 2005 have also
been shown.

3. PROFIT/(LOSS) PER ORDINARY SHARE

The profit/(loss) per share is based on a profit for the period of £58,000 (six
months ended 31 March 2005: a loss of £100,000; year ended 30 September 2005: a
loss of £9,000), being the profit attributable to ordinary shareholders, and a
weighted average of 16,210,284 (31 March 2005: 16,210,284; 30 September 2005:
16,210,284) ordinary shares.

The diluted profit/(loss) per share is based on a time weighting of the options
granted by the current Talent Group employee share option plan.

4. RECONCILIATION OF MOVEMENTS IN SHAREHOLDERS' FUNDS

                                          31 March    31 March         30
                                                                September
                                              2006        2005       2005
                                       (Unaudited) (Unaudited)  (Audited)
                                                                         
                                             £'000       £'000      £'000
                                                                         
Profit/(loss) for the financial period          58       (100)        (9)
Movement on reserves                             8          14         28
Net movement in shareholder's funds             66          86         19
Shareholders' funds at start of the          1,371       1,352      1,352
period                                                                   
Shareholders' funds at start of the          1,437       1,266      1,371
period                                                                   

5. RECONCILIATION OF OPERATING PROFIT/(LOSS) TO NET CASH INFLOW FROM OPERATING
ACTIVITIES

                                          31 March    31 March          30
                                                                 September
                                              2006        2005        2005
                                       (Unaudited) (Unaudited)   (Audited)
                                                                          
                                             £'000       £'000       £'000
                                                                          
Operating profit/(loss) for the period          59       (103)           -
Depreciation and impairment on                   7           7          22
tangible fixed assets                                                     
Amortisation on intangible fixed                                          
assets:                                                                   
- Goodwill                                       -          60         119
- Rights                                         3           -           -
(Increase)/decrease in work in                   -        (15)          13
progress                                                                  
(Increase)/decrease in debtors                (20)         285        (90)
(Decrease)/increase in creditors             (282)         467        (68)
Cost of providing employee share                 8          14          28
option                                                                    
                                                                          
Net cash (outflow)/inflow from               (225)         715          24
operating activities                                                      

6. RECONCILIATION OF NET CASH FLOW TO MOVEMENT IN NET FUNDS

                                          31 March    31 March         30
                                                                September
                                              2006        2005       2005
                                       (Unaudited) (Unaudited)  (Audited)
                                                                         
                                             £'000       £'000      £'000
                                                                         
(Decrease)/increase in cash in the           (245)         709         24
period                                                                   
Movement in net funds in the period          (245)         709         24
Net funds at beginning of period             1,182       1,158      1,158
Net funds at end of period                     937       1,867      1,182

7. Copies of Interim Results

Copies of the Interim Results will be sent to shareholders shortly and will be
available to members of the public from the Company's registered office, Lion
House, Red Lion Street, London, WC1R 4GB.

Enquiries

Talent Group Plc                                             Tel: [phone]
Tony Humphreys (Managing Director)                                             
Frances Horrell (Finance Director)                                             
                                                                               
John East & Partners Limited                                 Tel: [phone]
John East