Interim Results

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

                                                                    19 May 2005

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

                        Interim announcement of results                        
                for the six month period ended 31st March, 2005                

I am pleased to report your company's results for the six-month period ended 31
March 2005. The interim figures show an increase in gross profit to £716,000
compared to £615,000 for the same period last year. The operating loss before
goodwill amortisation has decreased slightly from £31,000 to £29,000 and the
retained loss has decreased slightly from £90,000 to £86,000, as we continued
to invest in building up our core team of experienced television professionals.
This team is now complete. The group continues to have a healthy cash position.
Your directors are not declaring an interim dividend.

This has been a half year of continued operational progress. One of the
original aims of the company was, and continues to be, to develop and produce
programmes that can generate secondary income streams from licensing. Last
month we were pleased to announce that we had entered into a DVD licensing
agreement for our Test the Nation brand. The first product is planned for
release in the UK in time for the Christmas 2005 market and the first revenues
will be received in the second half of this financial year.

On the programming front, our reputation for quality was recently recognised
when Test the Nation - The Great British Test won the prestigious Rose d'Or
award for game shows at the annual television festival in Lucerne. In addition,
Talent TV has been commissioned to produce one of ITV's official 50th
anniversary celebration programmes, What did ITV do for me? which will be
highlighted in its autumn schedules. In children's television, Best of Friends
is regularly rated amongst the top ten children's programmes in the UK and we
were delighted to be commissioned to produce a special series in South Africa
for Children's BBC, which will be broadcast as part of the BBC's special Africa
week in July.

Your Board remains optimistic that further progress will be made in the current
financial year. My personal thanks go to my co-directors and all of our
excellent people within Talent, for their contribution.

Robert Benton
Chairman
19 May 2005


GROUP PROFIT AND LOSS ACCOUNT
as at 31 March 2005

                                  6 months to  6 months to  Year ended
                                     31 March     31 March          30
                                                             September
                                         2005         2004        2004
                                  (Unaudited)  (Unaudited)   (Audited)
                                        £'000        £'000       £'000
                                                                      
Turnover                                3,202        3,281       5,424
                                                                      
Cost of sales                         (2,486)      (2,666)     (4,210)
                                                                      
Gross result                              716          615       1,214
                                                                      
Operating costs                                                       
                                                                      
Administrative expenses                 (745)        (646)     (1,213)
                                                                      
Goodwill write-off                       (60)         (60)       (119)
                                                                      
                                        (805)        (706)     (1,332)
                                                                      
Operating loss                           (89)         (91)       (118)
                                                                      
Net interest                                3            4          14
                                                                      
Loss before taxation                     (86)         (87)       (104)
                                                                      
Taxation                                    -          (3)        (23)
                                                                      
Loss for the period                      (86)         (90)       (127)
                                                                      
Basic loss per share (pence)          (0.53)p      (0.56)p     (0.79)p
                                                                      
Diluted loss per share (pence)        (0.50)p      (0.53)p     (0.75)p

The results relate to the continuing activities of the Group.

There were no recognised gains or losses other than the loss for the financial
period.

GROUP BALANCE SHEET
as at 31 March 2005

                               31 March 2005    31 March 2004     30 September  
                                                                      2004      
                                                                                
                                (Unaudited)      (Unaudited)       (Audited)    
                                                                                
                              £'000    £'000    £'000   £'000    £'000   £'000  
                                                                                
Fixed assets                                                                    
                                                                                
Tangible assets                           44               44               42      
                                                                                
Goodwill                                 927            1,046              987     
                                                                                
                                         971            1,090            1,029   
                                                                                
Current assets                                                                  
                                                                                
Debtors                         371               239              656             
                                                                                
Work in progress                 69                57               54         
                                                                                
Cash at bank and in                                                             
hand:                                                                           
                                                                                
- General                       330               485              364         
                                                                                
- Controlled productions      1,537             1,065              794         
                                                                                
                              2,307             1,846            1,868         
                                                                                
Creditors: amounts           (2,005)           (1,533)          (1,534)         
falling due within one                                                          
year                                                                            
                                                                                
Net current assets                       302              313              334
                                                                                
Total assets less                      1,273            1,403            1,363
current liabilities                                                             
                                                                                
Creditors: amounts                        (7)             (14)             (11)
falling due after more                                                          
than one year                                                                   
                                                                                
Net assets                             1,266            1,389            1,352
                                                                                
Capital and reserves                                                            
                                                                                
Called up share capital                6,310            6,310            6,310
                                                                                
Share premium account                 11,634           11,634           11,634
                                                                                
Profit and loss account              (16,678)         (16,555)         (16,592)
                                                                                
Shareholders' funds                    1,266            1,389            1,352
                                                                                

GROUP CASH FLOW STATEMENT
For the six months ended 31 March 2005

                                        6 months to 6 months to  Year ended
                                           31 March    31 March          30
                                                                  September
                                   Note        2005        2004        2004
                                        (Unaudited) (Unaudited)   (Audited)
                                              £'000       £'000       £'000
                                                                           
Net cash inflow from operating     6            715         908         510
activities                                                                 
                                                                           
Returns on investments and                                                 
servicing of finance                                                       
                                                                           
Interest paid                                     -          (2)         (2)
                                                                           
Interest received                                 3           6          16
                                                                           
                                                  3           4          14
                                                                           
Taxation                                          -          (3)         (1)
                                                                           
Capital expenditure and financial                                          
investment                                                                 
                                                                           
Purchase of tangible fixed assets                (9)        (11)        (17)
                                                                           
                                                 (9)        (11)        (17)
                                                                           
Increase in cash                   7            709         898         506
                                                                           


NOTES TO THE INTERIM FINANCIAL STATEMENTS

For the six months ended March 2005

1. INTERIM FINANCIAL STATEMENTS

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

2. TURNOVER AND LOSS ON ORDINARY ACTIVITIES BEFORE TAXATION

The results for the six months ended 31 March 2005 and 31 March 2004 are
unaudited. The audited results for the year ended 30 September 2004 have also
been shown.

3. GOODWILL

Goodwill arising on the acquisition of Talent Group Limited is being written
off on a straight line basis over ten years.

4. LOSS PER ORDINARY SHARE

The loss per share is based on a loss of £86,000 (six months ended 31 March
2004: £90,000; year ended 30 September 2004: £127,000), being the loss
attributable to ordinary shareholders, and a weighted average of 16,210,284 (31
March 2004: 16,210,284; 30 September 2004: 16,210,284) ordinary shares.

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

5. RECONCILIATION OF MOVEMENTS IN SHAREHOLDERS' FUNDS

                                          31 March    31 March         30
                                                                September
                                              2005        2004       2004
                                       (Unaudited) (Unaudited)  (Audited)
                                             £'000       £'000      £'000
                                                                         
Loss for the financial period                  (86)        (90)      (127)
                                                                         
Net movement in shareholders' funds            (86)        (90)      (127)
                                                                         
Shareholders' funds at 1 October 2004        1,352       1,479      1,479
                                                                         
Shareholders' funds at 31 March 2005         1,266       1,389      1,352

6. RECONCILIATION OF OPERATING LOSS TO NET CASH INFLOW FROM OPERATING ACTIVITIES

                                          31 March    31 March          30
                                                                 September
                                              2005        2004        2004
                                       (Unaudited) (Unaudited)   (Audited)
                                             £'000       £'000       £'000
                                                                          
Operating loss                                 (89)        (91)       (118)   
                                                                          
Depreciation and impairment on                   7           8          16     
tangible fixed assets                                                     
                                                                          
Goodwill amortisation                           60          60         119    
                                                                          
(Increase)/decrease in work in                 (15)         52          55     
progress                                                                  
                                                                          
Decrease in debtors                            285         900         444    
                                                                          
Increase/(decrease) in creditors               467         (21)         (6)    
                                                                          
Net cash inflow from operating                 715         908         510    
activities                                                                

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

                                          31 March    31 March         30
                                                                September
                                              2005        2004           
                                                                     2004
                                                                         
                                       (Unaudited) (Unaudited)  (Audited)
                                                                         
                                             £'000       £'000      £'000
                                                                         
Increase in cash in the period                 709         898        506
                                                                         
Movement in net funds in the period            709         898        506
                                                                         
Net funds at beginning of period             1,158         652        652
                                                                         
Net funds at end of period                   1,867       1,550      1,158

8. 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