Interim Results

Mission Testing PLC
12 March 2001

                              
                     Mission Testing plc
             ('Mission Testing' or 'the Group')

   Interim results for the six months to 31 December 2000
                              
Financial Highlights

Mission Testing, the leading provider of specialist software
testing  solutions and services, is pleased to announce  its
interim  results for the six months ended 31  December  2000
(the first results since its successful flotation on AIM  in
December 2000).
                               Unaudited Unaudited   Audited
                                 Interim   Interim Full Year
                                    2000      1999      2000
                                   £'000     £'000     £'000

TURNOVER                           4,988     2,728     6,048

PROFIT BEFORE TAX AND EXCEPTIONALS*  505       247       500

PROFIT BEFORE TAX                    195       247       500

* Exceptional costs of £310,000 relate to the flotation of 
  the Group on AIM on 6 December 2000

EARNINGS PER SHARE (ADJUSTED FOR EXCEPTIONALS)

- Adjusted Basic (pence)            3.62      1.63      3.31
- Adjusted Diluted (pence)          3.59      1.63      3.31

  *  Revenues up 83% to £5.0m (1999: £2.7m)

  *  Profit before tax and exceptionals up 105% to £0.51m
     (1999: £0.25m)

  *  Diluted earnings per share before exceptionals up 120%
     to 3.59p (1999:1.63p)

  *  Cash balance of £8.6m (1999: £0.01m) at period end.

Commenting on the results and future prospects, Tony  Wells,
Chief Executive Officer said:

'Mission Testing has made an excellent start to its life  as
a public company. As expected, trading in the first half was
strong.   Looking ahead, the opportunity for  the  Group  is
substantial as our larger clients begin to adopt  corporate-
wide software testing strategies. We expect demand to remain
buoyant  as  this  trend gathers pace and  as  organisations
increasingly  recognise the benefits of independent  testing
consultancy.    We   look  forward  to   the   future   with
confidence.'


For further information, please contact:

Mission Testing plc                 (12.03.01) 020 7601 1000
Tony  Wells, Chief Executive       (Thereafter) 01293 457123
David Abery, Finance Director
                              
Square  Mile  BSMG                             020 7601 1000
Kevin Smith or Becky Jewers
        

                                                    
Embargoed until 0700                           12 March 2001


                     Mission Testing plc
             ('Mission Testing' or 'the Group')
                              
  Interim Results for the six months ended 31 December 2000
                              
                    Chairman's Statement


I  have  pleasure in reporting the Group's* results for  the
six  months ended 31 December 2000, Mission Testing's  first
as  a public company and also my first as Chairman following
my appointment on 20 February 2001.

Financial Review

A  highlight of the first half was the successful  flotation
of  the  Group on AIM on 6 December 2000. The Group received
net  proceeds  of  approximately £8.8m  from  a  placing  to
institutional  investors.  The  Group  plans  to  use  these
proceeds  to  finance the future development of the  Group's
software  testing  consultancy  and  services  business   by
organic and acquisition means.

I  am  pleased to report that trading in the first half  has
been  very  satisfactory and, as expected, we are  reporting
significant  growth in both sales and profits.  Turnover  in
the  six months to 31 December 2000 increased by 83% to £5.0
million from £2.7 million in the corresponding six months of
the prior year.  Operating profit (excluding the exceptional
costs referred to below) increased by 82% to £546,000 (1999:
£299,000).   Profit before tax (again excluding  exceptional
costs)  increased  by  105%  to £505,000  (1999:  £247,000).
Earnings per share before exceptionals advanced by  122%  to
3.62p (1999: 1.63p).

Exceptional costs amounting to £310,000 were incurred in the
period,  being the costs related to the flotation of Mission
Testing  that  have not been written off against  the  share
premium account.

As  at  the  end of December the Group had cash balances  of
£8.6m.  Rather than use finance facilities available to  us,
we  chose to apply approximately £120,000 from the flotation
proceeds  to  working  capital and also  repaid  in  full  a
Director's debenture of £78,000.

As  stated in the flotation prospectus, the Directors intend
to  maintain a prudent yet flexible approach to the dividend
policy,  taking full account of the capital requirements  of
the  Group  as  it expands.  Given that we raised  funds  by
flotation   only  three  months  ago,  the  Board   is   not
recommending an interim dividend post flotation for the  six
months  ended  31  December 2000.  The Directors  intend  to
review the dividend position at the year end.

Future Prospects

Software  testing is playing an increasingly important  role
in corporate risk management. Ever increasing reliance on IT
systems  for  competitive advantage  and  business  critical
tasks  has highlighted the importance of structured  testing
strategies  and  driven  demand  for  independent   software
testing solutions and services.

Mission  Testing  was established in 1998  to  address  this
large  and fast growing market.  The software testing market
has  developed  rapidly  in  recent  years  and  competition
remains  highly fragmented.  It is the Board's intention  to
develop  Mission  Testing  as the  clear  market  leader  in
software  testing and, following the flotation, it  has  the
strong balance sheet required to pursue this objective.

There  has been a certain amount of public speculation about
a  slowdown  in  IT spend. However, Mission Testing's  major
clients,  which represent the banking, finance and  telecoms
sectors,  have  continued to increase  their  investment  in
testing.   Indeed,  it is our belief that  the  efficiencies
that  can  be gained from incorporating testing  within  the
early  stages  of  a software development or  implementation
programme  are  being  recognised by  a  growing  number  of
organisations  as  they  seek  greater  returns   on   their
investment in technology.

Mission Testing has already established a prominent position
in  the  UK  market  and has built a blue chip  client  base
focused   on  high  growth  sectors.  We  are  also  rapidly
establishing a position as the preferred supplier of testing
consultancy and skills to large system integrators, as  they
increasingly  recognise the credibility  of  introducing  an
independent testing expert to their end client.

Mission  Testing's  sales strategy will focus  upon  winning
long-term business at an organisational level. The beginning
of  a trend to develop a corporate-wide strategy for testing
is   evident  amongst  a  number  of  our  clients  and  the
opportunity   for  us  to  evolve  our  relationships   from
individual  projects  to  a  corporate-wide  basis  is  very
exciting.

We  plan to open an office in the City of London in order to
service our banking and finance clients more efficiently.  A
City  office  will  also provide a platform  from  which  to
effectively  target  this market, where the  opportunity  to
incorporate testing as a key component of risk management is
considerable.

We  are  actively seeking to appoint a Director of  Business
Development.  This investment in a senior sales  appointment
underpins   our   strategy  to  develop  high-level   client
relationships  and win business at an organisational  level.
The  growth  of  our  sales force will be  mirrored  by  the
recruitment  of  experienced test managers  and  consultants
and,  with  a  focus  on  growing  sustainable  revenue  and
profits, the second half of the year will see an increase in
staff numbers.


Acquisition Strategy

As  stated at the time of flotation, Mission Testing intends
to  augment  organic growth by the targeted  acquisition  of
complementary  software testing businesses both  in  the  UK
and,  when  appropriate,  in  markets  overseas.  The  Board
continues  to review opportunities and is focusing carefully
on  the  real  benefits that each could bring  in  terms  of
enhancing   value   for  Mission  Testing  shareholders   by
expanding the Group's testing resources and client base.

People

The  substantial  growth  in revenue  could  not  have  been
achieved  without  the  hard work and  dedication  of  staff
across  the Group; I would like to thank them all for  their
continuing efforts.

Recruiting  and  retaining high quality people  is  a  vital
component   of  Mission  Testing's  growth  strategy.    The
flotation  has enabled the Group to put in place appropriate
share  option  schemes  for  all staff  to  incentivise  the
existing  team and to assist in recruiting additional  high-
calibre individuals.

Outlook

Mission  Testing  has achieved substantial  growth  in  both
turnover  and  trading results for the period,  as  well  as
successfully  floating the Group on AIM. The  resources  and
experience  supporting  these  improved  results  have  been
enhanced  by  the funding that the flotation brings,  giving
opportunity  for further significant growth.  The  continued
development  of  a  scalable sales  strategy,  the  imminent
appointment of a Director of Business Development, the  plan
to open a City office shortly and the ongoing recruitment of
professional   testing   consultants   are   all    exciting
developments.

The  strong  improvement in the first half  performance  has
continued into the second half of the financial year  and  I
believe that the Group is now poised for even greater future
success.

Graham Pooley
Chairman                                       12 March 2001

*  In  the  previous year Mission Testing plc was a  dormant
company,  and  all activities were those of Mission  Testing
Europe Limited.


For further information, please contact:

Mission Testing plc                 (12.03.01) 020 7601 1000
Tony  Wells, Chief Executive       (Thereafter) 01293 457123
David Abery, Finance Director
                              
Square  Mile  BSMG                             020 7601 1000
Kevin Smith or Becky Jewers


MISSION TESTING plc
CONSOLIDATED PROFIT AND LOSS ACCOUNT

                              Unaudited        Unaudited      Audited
                             six months       six months         year
                                  ended            ended        ended
                            31 December      31 December      30 June
                                   2000             1999         2000
                      Notes           £                £            £

GROUP TURNOVER                4,987,904        2,728,034    6,048,205

Operating costs             (4,441,927)      (2,428,758)  (5,444,929)
Exceptional costs of 
  flotation             3     (309,568)                -            -
                               ________        _________    _________
         
OPERATING PROFIT                236,409          299,276      603,276
Net interest payable            41,146)         (52,515)    (103,059)
                               ________         ________     ________
 
PROFIT ON ORDINARY ACTIVITIES   195,263          246,761      500,217
BEFORE TAXATION
Tax on profit on 
ordinary activities     2      (74,455)         (63,601)    (128,928)
                               ________         ________     ________
                                 
PROFIT ON ORDINARY ACTIVITIES   120,808          183,160      371,289
AFTER TAXATION
Dividends**             4      (48,000)        (128,000)    (208,668)
                               ________        _________     ________
                               
RETAINED PROFIT FOR THE PERIOD   72,808           55,160      162,621
                               ________        _________     ________
                              
EARNINGS PER SHARE (PENCE)
Basic EPS                5         1.02             1.63         3.31
Adjusted Basic EPS       5         3.62             1.63         3.31
(excluding exceptional costs)
Diluted EPS              5         1.01             1.63         3.31
                              

The  Group had no recognised gains or losses, in either  the 
current or prior periods, other than those dealt with in the
profit and loss account.

All of the results derive from continuing operations.

**  Dividends are those paid to the shareholders of  Mission
Testing  Europe Limited (now the wholly owned subsidiary  of
Mission  Testing plc) for the periods prior to  the  Group's
flotation on AIM.


MISSION TESTING plc
CONSOLIDATED BALANCE SHEET


                             Unaudited         Unaudited      Audited 
                            Six months        Six months         Year
                                 ended             ended        ended
                           31 December       31 December      30 June
                                  2000              1999         2000
                                     £                 £            £
                       Notes
FIXED ASSETS
Tangible assets                 79,129            17,266       44,292

CURRENT ASSETS
Debtors                      2,501,145           911,022    1,558,037
Cash at bank and in hand     8,564,259             9,170       46,653

CREDITORS
Amounts falling due
 within one year           (1,743,461)         (768,058)  (1,372,121)

NET CURRENT ASSETS           9,321,943           152,134      232,569
                            __________        __________   __________
TOTAL ASSETS LESS CURRENT
LIABILITIES                  9,401,072           169,400      276,861






CAPITAL AND RESERVES
Called up share capital      1,580,717         1,122,756   1,122,756
Share premium account        8,493,447                 -           -
Merger reserve         7   (1,122,656)       (1,122,656) (1,122,656)
Other reserve                   99,995                 -           -
Profit and loss account        349,569           169,300     276,761
                            __________        __________  __________

EQUITY SHAREHOLDERS' FUNDS   9,401,072           169,400     276,861


MISSION TESTING plc
CONSOLIDATED CASHFLOW
                             Unaudited         Unaudited     Audited
                            Six months        Six months        Year
                                 ended             ended       ended
                           31 December       31 December     30 June
                                  2000              1999        2000
                     Notes           £                 £           £

NET CASH (OUTFLOW)/
INFLOW FROM
OPERATING ACTIVITIES     6   (348,237)           178,619     382,861

Returns on investments 
and servicing of finance      (41,146)          (52,515)   (103,059)

TAXATION
Corporation tax paid                -           (34,351)    (34,351)

CAPITAL EXPENDITURE
Payments to acquire 
fixed assets                  (21,896)           (1,921)    (41,655)


EQUITY DIVIDENDS PAID         (48,000)         (128,000)   (208,668)
                              ________        __________  __________
Cash outflow before 
management ofliquid 
resources and financing      (459,279)          (38,168)     (4,872)

FINANCING
Issue of ordinary shares     9,051,403                 -          -
(Decrease)/increase in 
debenture loans               (74,518)             6,331     10,518
                             _________         _________  _________
INCREASE/(DECREASE) IN CASH  8,517,606          (31,837)      5,646
                             _________         _________  _________





                     MISSION TESTING plc

            NOTES TO THE UNAUDITED INTERIM REPORT


  1  BASIS OF PREPARATION OF INTERIM FINANCIAL INFORMATION

     On  24  November 2000 Mission Testing Limited  acquired
     the  entire  issued  share capital of  Mission  Testing
     Europe Limited (which was in exchange for the issue  of
     shares in Mission Testing Limited). On 27 November 2000
     Mission  Testing Limited was re-registered as a  public
     limited  company.  This group reconstruction  has  been
     accounted for using merger accounting.

     The  consolidated  interim  financial  information  for
     Mission Testing plc ('the Group') has been prepared  on
     the  basis  of the accounting policies set out  in  the
     statutory  accounts of Mission Testing  Europe  Limited
     for the year ended 30 June 2000.

     The  financial  information contained in  this  interim
     statement  does  not constitute statutory  accounts  as
     defined in section 240 of the Companies Act 1985.   The
     financial  information for the full preceding  year  is
     based  on  the  statutory accounts of  Mission  Testing
     Europe  Limited for the financial year  ended  30  June
     2000.   Those accounts, upon which the auditors  issued
     an  unqualified opinion and did not contain a statement
     under  section 237 (2) or (3) Companies Act 1985,  have
     been delivered to the Registrar of Companies.
     
  
  2  TAXATION
  
  
     The  tax charge for the half year has been based on the
     estimated effective tax rate for the full year.

  3  EXCEPTIONAL COSTS

     The  profit  and  loss account for  the  period  to  31
     December 2000 includes exceptional expenses of £309,568
     relating to the costs associated with the flotation  of
     the  Group on the Alternative Investment Market of  the
     London Stock Exchange.

  4  DIVIDENDS
  
     The directors have recommended that an interim dividend
     is not paid in respect of the period post flotation.

  5  EARNINGS PER ORDINARY SHARE

     Earnings  per  share  has  been  calculated  using  the
     weighted  average number of shares in issue during  the
     period  of  11,874,735 (1999:11,227,560).  The  diluted
     earnings  per  share  is based on  11,974,378  ordinary
     shares  and reflects the exercise of all share  options
     granted.
     
     
  6  RECONCILIATION OF OPERATING PROFIT TO NET CASH  FLOW
     FROM OPERATING ACTIVITIES
  
                           Six months       Six months        Year
                                ended            ended       ended
                          31 December      31 December     30 June
                                 2000             1999        2000
                                    £                £           £
     
     Operating profit         236,409          299,276     603,276
     Depreciation            (12,971)          (3,140)     (9,568)
     (Increase)/decrease 
       in debtors           (943,108)           28,815   (618,200)
     Increase/(decrease) 
       in creditors           371,433        (146,332)     388,217
                             ________       __________   _________
     Net cash flow from 
       operating activities (348,237)          178,619     382,861
                             ________       __________   _________
  
  7  MERGER RESERVE
  
     As  disclosed  in  note 1 above,  Mission  Testing  plc
     previously acquired the entire issued share capital  of
     Mission  Testing  Europe Limited in  exchange  for  the
     issue  of  shares  in Mission Testing plc.  The  Merger
     reserve  represents the difference  between  the  total
     nominal  value  of  ordinary shares  issued  to  former
     Mission  Testing  Europe Limited shareholders  and  the
     total  nominal  value  of  the Mission  Testing  Europe
     Limited shares acquired.
     
  8  CIRCULATION TO SHAREHOLDERS

     Copies  of  this  interim statement  will  be  sent  to
     shareholders and copies will be available to the public
     at  the  Company's registered office,  Sterling  House,
     High Street, Crawley, West Sussex, RH10 1GE or from the
     Company's website at www.missiontesting.com