Interim Results

Rotala PLC
10 January 2006


10th January 2006


                                   Rotala plc
                          ('Rotala' or 'the Company')

Interim Results for the period from date of incorporation to 30th September 2005

Chairman's Statement

During the period under review, the main activity of the Company was the
identification of its first acquisition target, the Flights Group, and the
acquisition of these companies on August 30th 2005.

Previous announcements by the Company on September 26th and November 25th 2005
described the background to potential claims by Central Parking System of UK
Limited ('CPS') in respect of the Flights Group of companies acquired by the
Company and the claims that the Company had against Stuart Lawrenson (the vendor
of the Flights Group) under the Acquisition Agreement. CPS had commenced legal
proceedings against Stuart Lawrenson and others.

However, as set out in the announcement made by the Company on December 30th
2005, the Company, the Flights Group of companies, Central Parking Corporation
('CPC') and its subsidiary, CPS, have agreed a final settlement between them,
and with Stuart Lawrenson.

The resolution of this issue has been a major focus for management in the last
four months. In addition, it has become clear that the Company has inherited a
number of unsatisfactory and uneconomic commercial arrangements which are
proving problematic. The Board continues to review these arrangements and
appropriate provision will be made in the accounts for the year ended 30th
November 2005 for contracts that are shown to be onerous. Consequently the
acquired businesses will incur larger losses in the year ended 30th November
2005 than originally anticipated and the adverse effects of the uneconomic
arrangements referred to above will continue until they can be ended or
re-negotiated. These underlying losses, though declining, will continue into the
year ending November 30th 2006 and will not finally be eradicated until 2007. To
the extent that these losses are provided for in the group accounts for the year
ended 30th November 2005, they will not have an impact on subsequent years.

The Board has in the meantime been working hard to reduce costs and eliminate
unprofitable activities. These actions are beginning to bear fruit in the
reduction of losses from month to month. Although the contract to operate the
route 210 service for National Express Plc will end on January 26th 2006, the
revenue represented by this contract (some £2m per annum) has been replaced by
equivalent revenue at significantly better margins with other customers largely
within the airline sector. Taken together with the continuing successful efforts
to win other new contracts and build profitable turnover, the Directors consider
that the Company is now moving in the right direction to achieve profitability
for the Group.

The attached interim statement incorporates the results of the Company as an
investment company only from January 21st 2005 until August 30th 2005,
consolidated with, for September 2005 only, the results of the Flights Group of
companies for that month.

Potential equity fundraising

As a result of the increased turnover of the Company, the continuing losses and
the diversion of effort resultant upon the problems with Stuart Lawrenson and
CPC, the Directors consider that it is prudent to augment the working capital
requirements of the Company.  The opportunities for organic and acquisitive
growth have not diminished and the Company has been successful in negotiating
improved banking facilities to cover working capital requirements, leasing
finance and the potential acquisition of new contracts.

The Directors have determined that new equity funding should be raised to
augment these facilities and are proposing to raise up to £1,500,000, with a
minimum target of £600,000. The Directors propose to underwrite the minimum
target of £600,000. The funding will be under the EIS relief scheme and the
pricing will be determined in due course, but is expected to be within the
current market price.

The objectives set out in the admission document dated March 11th 2005 and the
re-admission document dated August 9th 2005, can now be pursued. These require a
strong financial base, which the above will satisfy, so that the Board will be
able to implement these objectives in the coming months and years. The Board
looks forward to creating an integrated, specialist transport company and
believes it is well positioned to do so from the attractive platform provided by
the Flights Group.

Further details of the proposed fundraising are expected to be announced
shortly.


John Gunn
Chairman


10th January, 2006



Contacts:

Nick Fox, M: Communications                020 7153 1540/ 07711 727 618



Notes to Editors:

The Company was admitted to trading on AIM on March 29th 2005, having been
incorporated on January 21st 2005 to invest in the parking and transportation
sectors. In the transport sector, the Board anticipated that opportunities would
arise in the provision of bus services, chauffeur-drive services, and integrated
ground transportation. In the Company's admission document dated March 11th 2005
the Board stated its intention to complete the Company's first acquisition
within six months of Admission and in August 2005 it agreed the acquisition of
the Flights Group of companies.

The Flights Group comprises three companies: Flights Hallmark, Flights Corporate
Transfers and FH Transport. Flights Hallmark is a mature coach and bus business
formed through the acquisition and amalgamation of a number of businesses. Its
main activities include the provision of dedicated transport solutions for a
range of corporate customers, the operation of various shuttle bus services and
a substantial coach hire business. Flights Corporate Transfers operates
chauffeur driven cars, particularly relating to transport to and from UK
airports, for a range of airlines and airline-related customers. The third
company, FH Transport, does not currently trade but holds certain contracts with
customers relating to the business operated by the other members of the Flights
Group.

Profit and loss account
                                                 Notes                                   Period ended
                                                                                    30 September 2005
                                                                                                    £

Turnover - Acquired Business                       1                                      1,361,070
Cost of sales - Acquired Business                  4                                      (1,491,854)
                                                                                          ------
Gross profit                                                                              (130,784)

Administrative expenses - continuing business      1                                      (159,704)
                        - acquired business                                                (88,079)
                                                                                          ------
                                                                                          (247,783)
                                                                                          ______
                                                                                          ------
Operating Loss - Continuing Business               1                                      (159,704)
                            - Acquired Business    4                                      (218,863)


Loss on ordinary activities before interest                                               (378,567)

Net Interest receivable                                                                   57,580
                                                                                          _______
Loss on ordinary activities before taxation                                               (320,987)
Tax on loss from ordinary activities                                                      Nil
                                                                                          _______
Loss on ordinary activities after taxation                                                (320,987)
Retained profit brought forward                                                           Nil
                                                                                          _______
Accumulated loss carried forward                                                          (320,987)
                                                                                          ========
Loss per share - basic and diluted                                                        0.40p






Consolidated Balance Sheet
                                                 Notes                               At 30 September
                                                                                               2005
                                                                                                  £
Fixed assets
   Intangible assets                                                                      6,439,827
   Tangible assets                                                                        543,876
                                                                                          ------
                                                                                          6,983,703
Current assets

   Debtors                                                                                5,344,940
   Cash at bank and in hand                                                               1,662,700
                                                                                          ------
                                                                                          7,007,640
Creditors: amounts falling due within one year                                            (5,822,230)
                                                                                          ------
Net current assets                                                                        1,185,410
                                                                                          ------
Total assets less current liabilities                                                     8,169,113

Creditors: amounts falling due after more than                                            (1,106,297)
one year

                                                                                          ------
                                                                                          7,062,816
                                                                                          ------
Capital and reserves
   Called up share capital                                                                1,719,744
   Share Premium Account                                                                  3,097,392
   Merger reserve                                                                         2,566,667
   Profit and loss account (deficit)                                                      (320,987)
                                                                                          ------
Shareholders' funds                                                                       7,062,816
                                                                                          =======



Cash flow statement
                                                 Notes                              Period ended 30
                                                                                     September 2005
                                                                                                  £


Net cash outflow from operating activities         5                                      (916,165)

Returns on investments and servicing of finance
   Interest received                                                                      61,376
   Interest paid                                                                          (17,419)
                                                                                          ------
Net cash inflow from returns on investments and                                           43,957
servicing of finance

                                                                                          ------
Capital expenditure and financial investment
   Loans to subsidiaries prior to acquisition                                             (870,000)

                                                                                          ------
Net cash outflow from capital expenditure                                                 (870,000)

and financial investment
                                                                                          ------
Acquisitions

   Expenses incurred in making the acquisitions                          (603,835)
   Bank overdraft acquired with acquisitions                             (336,884)
                                                                                          _______
Cash outflow from acquisitions                                                            (940,719)
                                                                                          ------
Cash outflow before use of liquid resources and                                           (2,682,927)
financing



Financing
   Issue of ordinary share capital                                       4,660,000
   Issue costs                                                           (309,530)
   Capital element of finance lease payments                             (4,843)          ------
Cash inflow from financing                                                                4,345,627
                                                                                          ------
Increase in cash for the period                                                           1,662,700
                                                                                          =======


Notes to the unaudited interim statement for the period ended 30th September
2005


1           Basis of Preparation: The financial information for the period has
not been audited or reviewed.  These consolidated accounts represent the
accounts of Rotala plc only from 21 January 2005 (the date of incorporation)
until 30 September 2005 (the 'Continuing Business') and the results of the
Flights Group of companies from 30 August 2005 (the date of acquisition) to 30
September 2005 (the 'Acquired Business').

2           Accounting policies: the accounting policies used in this statement
are the same as those which were used for the preparation of the accounting
information contained within the document sent to shareholders dated 9 August
2005 and those which are intended to be used in the accounts for the period
ended 30 November 2005.

3           Loss per share: loss per share has been calculated in a manner based
upon the weighted average number of shares in issue in the period of 81,011,893.
The share options outstanding at the period end were not dilutive.

4           Intangible assets: goodwill arising has been calculated upon the
basis of the effects of the transactions carried out to assemble the Flights
Group of companies and their subsequent acquisition by Rotala. As explained in
the Chairman's statement a review of onerous contracts is being conducted which
may result in the recognition of further amounts of goodwill. In drawing up the
statutory accounts for the period ended 30 November 2005, it will be appropriate
to consider the carrying value of goodwill in the group balance sheet and make
any necessary provision.  Cost of Sales and the Operating Loss for the acquired
business include in the period a charge for amortisation of goodwill of £26,945.

5           Reconciliation of Operating Loss to Net Cash Outflow:
Reconciliation of Operating Loss to Net
Cash Outflow from Operating Activities


Operating Loss                                                                            (378,567)
Amortisation of goodwill                                                                  26,945
Depreciation                                                                              10,610
Increase in debtors                                                                       (1,071,909)
Increase in creditors                                                                     496,756
                                                                                          _________
Net Cash Outflow from Operating                                                           (916,165)
Activities
                                                                                          _________

6           Summarised Balance Sheet of the Acquisitions at 30 August 2005:
Summarised Balance Sheet of the
Acquisitions


Intangible assets                                                                         524,831
Tangible assets                                                                           554,486
Debtors                                                                                   4,259,410
Bank Overdraft                                                                            (336,884)
Loan from Rotala plc                                                                      (870,000)
Creditors                                                                                 (5,636,614)
                                                                                          _________
Net liabilities                                                                           (1,504,771)
                                                                                          _________

7           Post Balance Sheet Events: as referred to in the Chairman's
Statement, on 30 December 2005   the Company made an announcement which set out
in detail the settlement of the disputes which surrounded the acquisition of the
Flights Group of companies.

8           Additional Information: this Interim Report does not constitute
statutory accounts within the meaning of s.240 of the Companies Act 1985.
Because the Company was only formed on 21 January 2005 accounts have yet to be
prepared for the Company's first accounting period, which ended on 30 November
2005. Consequently no accounts have been subject to audit and none has been
filed with the Registrar of Companies.

9           Other: copies of this Interim Report can be obtained by request from
the company's registered office at 46, Cannon Street, London, EC4N 6JJ.




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