Final Results

ADVFN PLC
30 September 2004

Embargoed for release until 7.30 a.m. Thursday 30th September 2004

                                   ADVFN PLC

                           ('ADVFN' or 'the Company')

              Preliminary Results for the Year Ended 30 June 2004

ADVFN, the UK's number one stocks and shares Website, today announces
preliminary results for the year ended 30 June 2004.

Highlights:
                    
     •    Close to break even - net loss after tax reduced by 91% to £79K (2003:
          £914K)
     •    EBITDA profits up 111% to £852K (2003: £404K)
     •    Net loss per ordinary share reduced by 93% to 0.019p (2003: 0.26p 
          loss)
     •    Net loss before tax reduced by 93% to £86K (2003: £1.2M)
     •    Revenues up by 30% to £3.0 million (2003: £2.3M)
     •    User numbers up nearly 50% to 370,000 (2003: 250,000)

Clement Chambers, Managing Director of ADVFN commented:

'Our results for the year are very encouraging having virtually broken even and
more than doubled our EBITDA profit. Our expansion into other world markets
leaves us well positioned to exploit any improvement in the general market
conditions.'


For further information, please contact:

ADVFN
Clement Chambers, Managing Director      [e-mail]          020 7070 0948
Michael Hodges, Chairman                 [e-mail]          020 7070 0946
Francesca De Franco, PR                  [e-mail]     020 7070 0932

Chairman's Statement

ADVFN has continued to make good progress in all areas of its business. We are
now not only the UK's leading supplier of stock market data to the private
investor via the Internet but can now also claim to be Europe's leading
supplier. We have increased our EBITDA profit by 111% from £404K (2003) to £825K
(2004) and grown our user base from 250,000 (2003) to 370,000 (2004) - an
increase of 50%. Furthermore, since the year-end we have broken through the
significant 400,000 barrier.

We continue to develop ADVFN's core offering by continually adding more
information, tools and stock market feeds from around the World. In addition we
are extending and diversifying the service to include features such as weather
and news, all with the aim of providing our users with the highest quality and
range of tools and information available. The development process has continued
at great pace during 2004. As well as the front-end additions and enhancements,
the ADVFN service has been extensively upgraded behind the scenes. This means we
are now able to provide stock market data 24 hours a day - we are already
offering FOREX data around the clock - and we will be able to open up new and
exciting markets in Asia and the Far East to our users.
I could list all of the features and tools within the site, which would run for
many pages. However as this is about our year-end results and as we believe that
the ADVFN Website is the best advertisement for the company, I recommend that
you continue to view www.advfn.com and see for yourself as a shareholder what we
have added in the past 12 months.

The improvements in all of the year's figures have been achieved because of the
dedication, long hours and hard work that all of the ADVFN team have put in.
They have strived to ensure that we have the best service possible. I thank
everyone at ADVFN for their efforts.

Michael J Hodges
Chairman
29th September 2004


Managing Director's Review

Operating Review

Turnover for the year to the end of June 2004 was £3.0M up from £2.3M for the
previous year - a 30 % growth in income. Net losses before tax were almost
eliminated having been reduced by 93% to £86K from £1.2M last year and loss per
ordinary share similarly reduced by 93% to 0.019p from 0.26p.

Our EBITDA has improved very strongly more than doubling (up 111%) to £852K from
last year's £404K, as can be seen from the table below:

   EBITDA - Earnings before interest, tax, depreciation,
            amortisation and exceptional items                 2004       2003
                                                              £'000      £'000

Loss before tax - per financial statements                      (86)    (1,218)

Amortisation                                                    260        329
Depreciation                                                    690        944
Exceptional item - Impairment                                     0        352
Net interest                                                    (12)        (3)

EBITDA                                                          852        404

These results are very encouraging, especially considering the investment we
have made in growing our platform. We continue to report very strong growth in
our user numbers - up nearly 50% from 250,000 at June 2003 to over 370,000 at
June 2004. This increase in our user base and market share had a direct impact
on our appeal to advertisers, which in turn contributed towards the impressive
32% growth in our advertising revenues for the year, which now nearly equal our
subscription revenues.

The year to June 2004 was a solid year of growth for ADVFN. We have consolidated
our position as Europe's leading stocks and shares website and established a
robust platform for global expansion. The brand has enjoyed further penetration
in the UK and is gaining profile in the US as well as the rest of the World. In
this period we have once again expanded our offerings, introducing many new
international markets including Germany, Russia, Denmark, Ireland, Greece,
Canada, Finland as well as COMEX and NYMEX, the World's leading commodities
exchange; UK managed funds, Crest shorting data, derivative markets, news feeds
and a plethora of other new functions. We have introduced numerous new tools and
other products including the highly acclaimed US financial data on all US listed
companies. This addition is expected to accelerate the growth of our US
subscribers.

ADVFN's subscription base has grown hand in hand with these developments and
this has run in tandem with an increase in the rate of user acquisition that
accelerated at the beginning of 2004 with the introduction of several successful
marketing initiatives.

Current Trading

The ADVFN brand is becoming increasingly known and recognised globally, and we
continue, with our marketing, to further develop our market profile. From
registrations it appears that ADVFN is making good progress overseas, which is
now responsible for more than 50% of our sign ups. We are now generating
significant income from Rest Of World advertisers, particularly in the US and we
are confident that our burgeoning sign-ups from this area will convert into
subscriptions in due course.

As with many online services, ADVFN subscribers have a fairly long gestation
between free users and premium subscribers. We have been building our user base
at a significantly faster rate than in the past, suggesting that we have a sound
pipeline of subscriptions to look forward to. Our figures show that our user
base is very loyal and will over time buy a number of products. The summer saw
our subscription levels running around all time highs, with new advertising
highs expected after the summer recess.

Prospects

2004 has seen ADVFN re-engineer itself to be a 24-hour service, so that the site
can now run uninterrupted in all world markets. Our plan is to continue to roll
out new products and offerings to the world market, with an eye to capturing the
world's private investor community. We will continue to expand our offering in
our core UK market and will be doing this in conjunction with our expansion in
the US, where our marketing initiative with the Nasdaq is expected to begin
bearing fruit in the near future.

In 2003 we announced that we had bought an IPO platform known as EO.
Subsequently a new company has been formed called ALLIPO, which has been set up
to take the concept forward. We feel there are significant synergies between
ADVFN and ALLIPO and the best way ahead for ALLIPO is as a separate, dedicated,
independently financed company. A further announcement will be made in due
course concerning this transaction.

I would like to take this opportunity once again to thank the staff of ADVFN, as
our progress continues to be the result of their hard work.


Clement Chambers

Managing Director
29th September 2004

Consolidated Profit and Loss Account
for the year ended 30 June 2004

                                              2004     2004     2003     2003
                                    Notes    £'000    £'000    £'000    £'000

Turnover                                              2,951             2,264

Cost of sales                                          (128)              (74)

Gross profit                                          2,823             2,190

Administrative expenses
Exceptional item - impairment loss               -              (352)
Other administrative expenses               (2,969)           (2,921)
Total administrative expenses                        (2,969)           (3,273)

Operating loss                                         (146)           (1,083)

Amounts written off investments                          48              (138)
                                                        (98)           (1,221)

Net interest                                             12                 3

Loss on ordinary activities before
taxation                                                (86)           (1,218)

Tax on loss on ordinary activities                        7               304

Loss on ordinary activities after
taxation                                                (79)             (914)

Loss per ordinary share                 2            (0.019p)           (0.26p)


All operations are continuing.

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

Balance Sheets
at 30 June 2004

                                                        Group and   Group and
                                                          Company     Company
                                                             2004        2003
                                                Notes       £'000       £'000

Fixed Assets
Intangible assets                                             541         801
Tangible assets                                             1,412         854
Investments                                                     -          62
                                                            1,953       1,717

Current Assets
Debtors                                                       544         710
Cash at bank and in hand                                      530         621
                                                            1,074       1,331

Creditors: amounts falling due within one year               (667)       (627)

Net current assets                                            407         704
Total assets less current liabilities                       2,360       2,421


Capital and Reserves
Called up share capital                                     4,070       4,059
Share premium account                                       3,933       3,926
Profit and loss account                                    (5,643)     (5,564)
Shareholders' funds - equity                        3       2,360       2,421


The financial statements were approved by the Board of Directors on 29 September
2004.

Consolidated Cash Flow Statement
for the year ended 30 June 2004

                                                               2004      2003
                                                     Notes    £'000     £'000

Net cash inflow from operating activities                4      706       593

Returns on investment and servicing of finance
Interest received                                                13         8
Interest paid                                                    (1)       (5)
                                                                 12         3

Taxation                                                        311         -

Capital expenditure
Payments to acquire tangible fixed assets                    (1,248)     (804)
Proceeds from disposal of fixed asset investments               110         -
                                                             (1,138)     (804)

Net cash outflow before financing                              (109)     (208)

Financing
Issue of ordinary share capital                                  18       626
Share issue costs                                                 -       (52)
Capital element of hire purchase contracts repaid                 -        (6)
Net cash inflow from financing                                   18       568

(Decrease)/increase in cash                              5      (91)      360


Notes for the year ended 30 June 2004

1. General

The financial information herein does not constitute statutory accounts as
defined in section 240 of the Companies Act 1985.

The financial information has been extracted from the group's 2004 statutory
financial statements upon which the auditors reported on 29 September 2004.
Their opinion is unqualified and does not include any statement under section
237 of the Companies Act 1985. The accounts have been prepared in accordance
with applicable accounting standards and under the historical cost convention.
The principal accounting policies of the group have remained unchanged from the
previous annual report.

Copies of the annual report are being posted to shareholders and copies will be
available from the company's registered office at 642a Lea Bridge Road, Leyton,
London, E10 6AP.

2. Loss per ordinary share

                              2004                            2003
                         Number of        Loss           Number of        Loss
                  Loss      shares   per share    Loss      shares   per share
                 £'000        '000   p           £'000        '000           p

Loss for the       (79)                           (914)
year
Weighted average
number of shares           406,304                         350,253
Loss per share                          (0,019p)                         (0.26p)

The options are anti-dilutive so there is no diluted loss per share.

3. Reconciliation of movements in shareholders' funds

                                                               2004       2003
                                                              £'000      £'000

Loss for the financial year                                     (79)      (914)
Net receipts from issues of shares                               18        924
Net (decrease)/increase in shareholders' funds                  (61)        10
Shareholders' funds at 1 July                                 2,421      2,411
Shareholders' funds at 30 June                                2,360      2,421



4. Reconciliation of operating loss to net cash inflow from operating activities

                                                             2004         2003
                                                            £'000        £'000

Operating loss                                               (146)      (1,083)
Exchange differences                                            -           44
Exceptional item - impairment loss                              -          352
Amortisation                                                  260          329
Depreciation                                                  690          944
(Increase)/decrease in debtors                               (138)          44
Increase/(decrease) in creditors                               40          (37)
Net cash inflow from operating activities                     706          593

5. Reconciliation of net cash flow to movement in net funds

                                                                2004      2003
                                                               £'000     £'000

(Decrease)/increase in cash for the year                         (91)      360
Cash outflow from capital repayments of hire purchase
agreements                                                         -         6
Movement in net cash in the year                                 (91)      366
Net funds at 1 July                                              621       255
Net funds at 30 June                                             530       621

6. Analysis of movements in net funds

                          At 1 July 2003      Cash flow        At 30 June 2004
                                   £'000          £'000                  £'000

Cash in hand and at bank             621            (91)                   530



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