Interim Results

Cohen(A.) & Co PLC
30 September 2005


FOR IMMEDIATE RELEASE                                          30 SEPTEMBER 2005


                           A. COHEN & CO. PLC

        Unaudited interim results for the six months ended 30 June 2005

Chairman's Statement

The unaudited Group results of A. Cohen & Co. plc (the 'Company') for the half
year ended 30 June 2005 are attached, together with the corresponding results
for the six months ended 30 June 2005.

Results to June 2005

The results for the period were a net loss of £38,000.

The Future

The company are actively seeking potential investments and a number have been
evaluated during the period under review and this will continue to be our main
objective. To minimize expenses as much as possible none of the directors are
receiving any remuneration for the considerable efforts involved in finding a
suitable opportunity.

G Ashley
Chairman

For further information please contact: J Ferguson on 07818 060152



CONSOLIDATED PROFIT AND LOSS ACCOUNT
Unaudited six months ended 30 June 2005

                                        Unaudited six       Unaudited six
                                         months ended        months ended
                                              30 June             30 June
                                                 2005                2004


                                                £'000              £'000

Turnover                                            -                   -

Cost of sales                                       -                   -
                                          -----------         -----------
Gross profit                                        -                   -

Distribution costs                                  -                (112)

Other operating income                            (43)                 12
                                          -----------         -----------
Operating loss                                    (43)               (100)

Interest receivable                                 1                   6

Dividends receivable                                4                   -
                                          -----------         -----------
Loss on ordinary activities                       (38)                (94)
before taxation

Tax charge on loss on                               -                   -
ordinary activities
                                          -----------         -----------
Loss for the financial                            (38)                (94)
period after taxation and
attributable to shareholders
                                          -----------         -----------
Losses per share (pence)                        (0.25p)             (0.62p)



CONSOLIDATED BALANCE SHEET
Unaudited as at 30 June 2005
                                                           30 June     30 June
                                                              2005        2004
                                                             £'000       £'000
Fixed assets
Tangible assets                                                  -           5
Investments                                                     92         278
                                                         ---------   ---------
                                                                92         283
                                                         ---------   ---------
Current assets
Debtors                                                          8          12
Cash at bank and in hand                                        33         151
                                                         ---------   ---------
                                                                41         163
                                                         ---------   ---------
Creditors:
amounts falling due within one year                            (73)        (78)
                                                         ---------   ---------
Net current (liabilities)/assets                               (32)         85
                                                         ---------   ---------
Total assets less current liabilities                           60         368

Provisions                                                     (67)          -
                                                         =========   =========
                                                                (7)        368
                                                         =========   =========
Capital and reserves
Called up share capital                                      3,032       3,032
Capital redemption reserve                                      49          49
Share premium account                                            2           2
Revaluation reserve                                              -           -
Other reserves                                                 386         386
Profit and loss account                                     (3,476)     (3,101)
                                                         ---------   ---------
Equity shareholders' funds                                      (7)        368
                                                         =========   =========


CONSOLIDATED CASH FLOW STATEMENT
Six months ended 30 June 2005
                                                   Six months       Six months
                                                        ended            ended
                                                 30 June 2005     30 June 2004
                                               £'000    £'000   £'000    £'000

Net cashflow from operating activities                   (37)             72

Returns on investments and
servicing of finance
Interest received                                  1                6
Dividends received                                 4                -
                                                ------           ------
Net cash inflow from returns on
investments and servicing of finance                        5                6
                                                       --------         --------
(Decrease)/increase in cash                               (32)              78
                                                       --------         --------

NOTES TO THE INTERIM RESULTS
Unaudited six months ended 30 June 2005

1. Reconciliation of operating loss to net cash inflow from operating
activities
                                                    Six months      Six months
                                                        ended            ended
                                                      30 June          30 June
                                                         2005             2004
                                                        £'000            £'000

Operating loss                                           (43)            (100)
Depreciation                                               -                3

Net movement in working capital
Debtors                                                    3              759
Creditors                                                  6             (590)

Provisions                                                (3)               -
                                                    ---------        ---------
Net cash (outflow)/inflow from operating activities      (37)              72
                                                    ---------        ---------

2. Cash flow statement: Analysis of net debt

                                           At                              At
                                    1 January            Cash         30 June
                                         2005            flow            2005
                                        £'000           £'000           £'000

Cash in hand and at bank                   65             (32)             33
                                    ---------       ---------       ---------
                                           65             (32)             33
                                    ---------       ---------       ---------


3. Cash flow statement: Reconciliation of net cash flow to movement in net debt

                                                   Six months      Six months
                                                        ended           ended
                                                      30 June         30 June
                                                         2005            2004
                                          £'000         £'000   £'000   £'000

Change in cash in the period                (32)                   78

Cash outflow from decrease                    -                   427
in debt and lease financing
                                        -------               -------
Change in net debt resulting from                         (32)            505
cash flows                                           -------        -------

Movement in net debt in the period                        (32)            505

Net cash/(debt) at start of period                         65            (353)
                                                      -------         -------
Net cash at end of period                                   33            152
                                                      -------         -------

4. Basis of Preparation

The interim results for the six months ended 30 June 2005 are unaudited and do
not constitute statutory accounts in accordance with section 240 of the
Companies Act 1985.

The financial information has been prepared in accordance with applicable
accounting standards and under the historical cost accounting convention.

Accounting policies consistent with those applied in the financial statements
for the year ended 31 December 2004 have been used in preparing the unaudited
interim financial statements for the six months ended 30 June 2005.

5. Dividends

The Directors are not declaring a dividend for the six months ended 30 June
2005.


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