Interim Results

GruppeM Investments PLC 05 April 2006 Embargoed until 7.00am 5 April 2006 GRUPPEM INVESTMENTS PLC (LSE: GRP, 'GruppeM' or the 'Company') Interim results for the six month period ended 31 January 2006 and board change GruppeM Investments PLC today announces its unaudited interim results for the six month period ended 31 January 2006. In addition, the Company announces that Marvin Tien has today resigned from his position as Non-executive Director. The Board would like to take this opportunity to thank Marvin for his contribution to the Company, and to wish him well for the future. For more information please contact: GruppeM Investments PLC Kenny Chen/Paul McIlwaine Tel: +44 (0) 207 233 2952 Shore Capital and Corporate Limited Alex Borrelli Tel: +44 (0) 207 408 4090 Further information on GruppeM Investments PLC can be found on the Company's website: www.gruppemplc.com CHAIRMAN'S STATEMENT Overview This six month period has been a time of increased activity within the Company. Unfortunately this activity has yet to result in the Company implementing its investing strategy. However, we have identified two possible acquisitions in line with our investing strategy and are confident of executing a significant transaction in the near future. Financial results In the six months ended 31 January 2006, the Company made a loss of £427,385, after exceptional costs of £310,299. This compares to a loss of £168,777, after exceptional costs of £142,512, in the period ended 31 July 2005. The exceptional costs are in relation to the legal and professional costs billed, and accrued, in advance of the proposed transactions mentioned above. Working capital The proposed transactions are expected to be accompanied by a fundraising in order to raise sufficient funds to finance the Company's ongoing working capital requirements. Strategy The Board remains committed to creating value for shareholders through high-quality, selective acquisitions that have the capacity to earn returns above the cost of capital. Market prospects China, the world's fastest-growing major economy, has experienced average GDP growth of 9.2% a year over the past decade, driving up land prices to such an extent that property values in the major cities almost tripled in six years. The average growth rate of the Chinese car market as a whole is estimated to be at least 15% per year in the future and forecasts suggest that China will become the world's second-largest automotive market by 2013. Therefore, the Board believes that the market for motor retailing and property development will remain extremely attractive as its economy continues to forge ahead. I would like to take this opportunity to thank all our employees and professional advisors for their commitment and support as we work together towards our first significant reverse takeover transaction. Lord Marsh Chairman, on behalf of the Board PROFIT AND LOSS ACCOUNT FOR THE SIX MONTH PERIOD ENDED 31 JANUARY 2006 Notes Period Six months ended ended 31 July 31 January 2006 2005 (Unaudited) (Audited) £ £ Administrative expenses - exceptional items 310,299 142,512 - other 116,603 26,265 ________ ________ OPERATING LOSS (426,902) (168,777) Interest received 23 156 Interest paid (506) - ________ ________ LOSS FOR THE PERIOD (427,385) (168,621) -------- -------- Loss per share Basic and fully diluted 2 (2.14p) (0.17p) -------- -------- All activities are classed as continuing. There are no recognised gains or losses other than the loss for the financial period. BALANCE SHEET AS AT 31 JANUARY 2006 Notes 31 January 31 July 2006 2005 (Unaudited) (Audited) £ £ Fixed assets Tangible assets 1,566 - Current assets Debtors 5,091 8,185 Cash at bank 145 94,746 ________ ________ 5,236 102,931 Creditors Amounts falling due within one year 402,808 71,552 ________ ________ NET (LIABILITIES)/ASSETS (396,006) 31,379 -------- -------- EQUITY AND LIABILITIES Capital and Reserves Share capital 200,000 200,000 Profit and loss account 3 (596,006) (168,621) ________ ________ Equity shareholders' funds (396,006) 31,379 -------- -------- CASH FLOW STATEMENT FOR THE SIX MONTH PERIOD ENDED 31 JANUARY 2006 Six months Period ended ended 31 January 31 July 2006 2005 (Unaudited) (Audited) £ £ Operating loss (426,902) (168,777) Depreciation on tangible fixed assets 169 Decrease/(increase) in debtors 3,094 (8,185) Increase in creditors 331,256 71,552 ________ ________ Cash outflow from operating activities (92,383) (105,410) Return on investment and servicing of finance Interest received 23 156 Interest paid (506) - Capital expenditure Payment to acquire tangible fixed asset (1,735) - ________ ________ Net cash outflow before financing (94,601) (105,254) Financing Proceeds on issue of shares - 200,000 ________ ________ NET (DECREASE)/INCREASE IN CASH FOR THE PERIOD (94,601) 94,746 -------- -------- RECONCILIATION OF NET CASH INFLOW TO MOVEMENT IN NET FUNDS (Decrease)/increase in cash for the period (94,601) 94,746 ________ ________ Net funds brought forward 94,746 - ________ ________ Net funds carried forward 145 94,746 -------- -------- ANALYSIS OF NET FUNDS Cash at bank 145 94,746 -------- -------- NOTES 1. ACCOUNTING POLICIES BASIS OF PREPARATION These interim statements have been prepared on a consistent basis with the financial statements for the period ended 31 July 2005. These interim statements do not constitute statutory financial statements within the meaning of Section 240 of the Companies Act 1985. Results for the six month period ended 31 January 2006 have not been audited. The results for the period ended 31 July 2005 have been extracted from the statutory financial statements that have been filed with the Registrar of Companies and upon which the auditors reported without qualification. The financial statements have been prepared under the historical cost convention and the principal accounting policies adopted are set out below. Tangible fixed assets Tangible fixed assets are carried at cost and are depreciated over their useful economic lives on a straight-line basis as follows: Office equipment: 3 years Going concern The Company suffered a loss of £427,385 for the six month period ended 31 January 2006 and had net liabilities of £396,006 at that date. The directors have identified suitable investment opportunities and will seek to raise sufficient funds to finance the Company's working capital requirements for the foreseeable future. In view of this, the directors consider it appropriate to prepare the financial statements on the going concern basis. Exceptional Costs Exceptional administrative costs totalling £310,299 were incurred in relation to a proposed investment transaction which did not proceed before the period end. Financial instruments The Company's financial instruments comprise only cash at bank. Trade creditors have been excluded from the following disclosure, as permitted by Financial Reporting Standard 13. The Company's policy is to obtain the highest possible rate of return on its cash balances, subject to having sufficient resources to manage the business on a day to day basis and not exposing the Company to unnecessary risk of default. The Company had no undrawn borrowing facilities at 31 January 2006. 2. LOSS PER SHARE The calculation of loss per share is based upon the loss of £427,835 and on 20,000,000 being the weighted average number of shares in issue during the period. There were no share options in issue during the period. 3. PROFIT AND LOSS ACCOUNT 31 January 2006 31 July 2005 £ £ Loss brought forward (168,621) - Loss for the period (427,385) (168,621) Loss carried forward (596,006) (168,621) END This information is provided by RNS The company news service from the London Stock Exchange

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