Preliminary Results

Rotala PLC
31 May 2006


ROTALA PLC

PRELIMINARY RESULTS FOR THE PERIOD ENDED 30 NOVEMBER 2005

CHAIRMAN'S STATEMENT AND REVIEW OF OPERATIONS


I am pleased to be able to make this first report to the shareholders of Rotala
plc ('Rotala' or 'the Company'). During the period under review, the main
activity of the Company was the identification of its first acquisition target,
the Flights Group (comprising Flights Hallmark Limited, Flights Corporate
Transfers Limited and FH Transport Limited), and the acquisition of these
companies on August 30th 2005.

Announcements made 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 acquired by the Company and the
claims that the Company had against S.J. Lawrenson (the vendor of the Flights
Group) under the acquisition agreement. CPS had commenced legal proceedings
against S. J. Lawrenson and others. However, as set out in the announcement 
made by the Company on December 30th 2005, the Company, the Flights Group, 
Central Parking Corporation ('CPC') and its subsidiary, CPS, agreed a final
settlement between them, and with S. J. Lawrenson.

The resolution of this issue was a major focus for management for many months.
In addition, it had become clear that, with the acquisition, the Company had
inherited a number of unsatisfactory and uneconomic commercial arrangements
which were problematic. The Board continues to review these arrangements and
appropriate provision has been made in these accounts for those that are
onerous. The acquired businesses continue to incur larger underlying losses 
than originally anticipated because of these contracts and the adverse effects
of these uneconomic arrangements 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 period ended 30th November 2005, they will not have an impact on the 
group results in subsequent years.

The Board has also been working hard to reduce costs and eliminate unprofitable
activities inherited from the previous management. These actions include not
only the elimination of unnecessary costs but also the active discarding of
unprofitable revenue and its replacement by profitable revenue from other
sources. New revenues (the majority of which are within the airline sector) of
more than £2.5 million per annum have more than replaced the revenues discarded
of a little less than this figure. Taken together with the continuing successful
efforts to win other new contracts, reduce costs and build profitable turnover,
the Directors consider that the Company is now moving towards profitability in
the longer term.

As a result of the increased turnover of the Company, the continuing losses and
the diversion of effort resultant upon the problems with S. J. Lawrenson and
CPC, the Directors considered that it was prudent to augment the capital 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 Board determined that new equity
funding should be raised to augment these facilities and a placing of £1,625,000
was completed in April 2006. One of the objectives of this placing, funds was to
raise the funds to acquire the freehold of the company's 4.5 acre depot in
Birmingham for £2 million. A commercial mortgage of £1.5 million has been
obtained on the property to finance the acquisition. This step will enable the
Company to increase its operations in the Birmingham area substantially from an
attractive, sizeable and secure base.

The Board remains determined to pursue the objectives in the transport sector
set out in the admission document dated March 11th 2005 and the re-admission
document dated August 9th 2005. The Board remains convinced that the
opportunities for growth in the sector, set out in those documents, still exist.
Indeed there is much more recent evidence to reinforce the views set out in
those documents. These plans require a strong operational and financial base,
from which the Board aims to achieve these objectives in the future. The Board
looks forward to creating an integrated, specialist transport group and believes
it is well positioned to do so from the platform provided by the Flights Group.

In conclusion, I would like to take this opportunity to express my thanks to our
management team and all the staff, whose enthusiasm and commitment has made it
possible revive the fortunes of the Flights Group and who are the basis of my
optimism for the future of Rotala.



John Gunn
Non-Executive Chairman

26 May 2006




CONSOLIDATED PROFIT AND LOSS ACCOUNT
FOR THE PERIOD ENDED 30 NOVEMBER 2005

                                                             Note         2005
                                                                             £

Turnover - acquired business                                   2     3,960,795
                                                                     ---------
Cost of sales - acquired business
                                                                    (4,220,226)
                                                                     ---------

Gross loss                                                            (259,431)
                                                                     ---------
Administrative expenses - continuing business                         (292,667)
                        - acquired business                           (638,591)
                                                                     ---------
                                                                      (931,258)

                                                                     ---------
Operating (loss)/profit - continuing business                         (292,667)
                        - acquired business (including goodwill
                                        amortisation of £115,086)     (898,022)
                                                                     ---------


Operating Loss                                                      (1,190,689)

Interest receivable                                                     67,429
Interest payable and similar charges                                   (25,223)
                                                                     ---------
Loss on ordinary activities before taxation                    3    (1,148,483)

Taxation on loss on ordinary activities                                     -
                                                                     _________
                                                                     ---------

Loss on ordinary activities after taxation and loss carried
forward                                                             (1,148,483)
                                                                     _________

Loss per share (basic and diluted)                             4        (1.33p)




All amounts relate to continuing activities.
All recognised gains and losses in the current period are included in the profit
and loss account.
Movements in shareholders' funds in the current period are shown in note 5.



CONSOLIDATED BALANCE SHEET AS AT 30 NOVEMBER 2005


                                      Note              2005              2005
                                                           £                 £
Fixed assets
    Intangible assets                                                8,322,717
    Tangible assets                                                  1,496,333
                                                                     _________

                                                                     9,819,050
Current assets
    Stocks                                          141,690
    Debtors due within one year                   3,422,031
    Debtors due after one year                      330,049
                                                  3,752,080
    Cash at bank and in hand                      1,000,000

                                                  4,893,770
    Creditors: amounts falling 
    due within one year                         (5,160,631)

Net current liabilities                                              (266,861)

Total assets less current liabilities                                9,552,189
Creditors: amounts falling due after more       (1,769,868)
than one year

Provision for liabilities and charges           (1,547,000)

                                                                   (3,316,868)
                                                                     ---------
                                                                     6,235,321
                                                                     ---------


Capital and reserves
    Called up share capital                                          1,719,744
    Share premium account                                            3,097,393
    Merger reserve                                                   2,566,667
    Profit and loss account                                        (1,148,483)
                                                                     ---------
Shareholders' funds                                                  6,235,321
                                                                     ---------



CONSOLIDATED CASH FLOW STATEMENT FOR THE PERIOD ENDED 30 NOVEMBER 2005

                                             Period ended 30      Period ended
                                               November 2005       30 November
                                      Note                                2005
                                                                       
                                                           £                 £
Net cash outflow from operating
activities Returns on investments        6                         (3,095,171)
and servicing of finance
    Interest received                                67,429
    Interest paid                                   (16,324)
    Interest element of finance lease payments
    Paid                                             (8,899)
                                                  _________
Net cash inflow from returns on
investments and servicing of finance                                    42,206

  Capital expenditure and financial investment
   Payments to acquire
   Tangible fixed assets                           (57,607)
Sale of tangible fixed assets                         3,894
                                                  _________
Net cash outflow from capital expenditure 
and financial investment                                              (53,713)

Acquisitions
Expenses incurred in making the acquisitions      (603,835)
Bank overdraft acquired with the acquisitions     (149,912)
                                                  _________

Cash outflow from acquisitions                                       (753,747)
                                                                      ________
Cash outflow before use of liquid
resources and financing                                            (3,860,425)

Management of liquid resources
Increase in deposits with banks                                    (1,000,000)

Financing
Issue of ordinary share capital                  4,660,001
Issue costs                                       (309,530)
                                                 _________
                                                                    4,350,471
                                                                    _________

Decrease in cash for the period                                     (509,954)
                                                                    _________



1. Basis of preparation and consolidation
   The financial statements have been prepared in accordance with accounting
   standards applicable in the United Kingdom at the balance sheet date. The
   consolidated financial statements represent the accounts of Rotala only 
   from 21 January 2005 (the date of incorporation) until 30 November 2005 
   (the 'Continuing Business') and the results of the Flights Group of 
   companies from 30 August 2005(the date of acquisition) to 30 November 2005 
   (the 'Acquired Business'). The financial statements have been prepared 
   under the historical cost convention. Under section 230(4) of the Companies 
   Act 1985 the Company is exempt from the requirement to present its own 
   profit and loss account.

2. Turnover
   Turnover represents sales to external customers at invoiced amounts 
   less value added tax. All of the activities of the group are conducted in the 
   United Kingdom and all are within the transport sector.

3. Losses attributable to Rotala Plc
   The company has taken advantage of the exemption allowed under section 
   230 of the Companies Act 1985 and has not presented its own profit and loss
   account in these financial statements. The Group loss for the year includes
   a loss after tax of £168,585 which is dealt with in the financial statements    
   of the parent company.

4. Earnings (loss) per share
   The calculation of the basic and diluted loss per share is based on the 
   earnings attributable to the ordinary shareholders divided by the weighted 
   average number of shares in issue during the year. The effect of all 
   potential ordinary shares is not dilutive.

   The weighted average number of equity shares in issue is 86,060,538 and the 
   earnings, being a loss after tax, are £1,148,483.

5. Movement in shareholders' funds:

Group
                                                       2005
                                                          £

  Loss for the year                             (1,148,483)
  Issue of shares                                 7,693,334
  Expenses of share issues                        (309,530)
                                                   ________

Net addition to shareholders' funds               6,235,321

  Opening shareholders' funds                           Nil
                                                   ________

  Closing shareholders' funds                     6,235,321
                                                   ________


6. Reconciliation of operating loss to net cash outflow from operating
   activities


                                                            Period ended
                                                            30 November
                                                                          2005
                                                                             £

Operating loss                                                      (1,190,689)
Depreciation of tangible fixed assets                                  132,618
Amortisation of goodwill                                               115,086
Decrease/(increase) in debtors                                        (413,342)
(Decrease)/Increase in creditors                                    (1,603,491)
Decrease in stock                                                       26,396
Profit on disposal of fixed assets                                        (516)
Movement on provisions                                                (161,233)
                                                                       ________

                                                                    (3,095,171)
                                                                       ________
                                                                       ________


7. Summarised balance sheet of the acquisitions
    
                                            Book value   Fair Value       Total
                                                         Adjustments 
                                                     £             £          £

Fixed assets:
Tangible                                         554,486           -    554,486

Current assets:
Stocks                                           168,086           -    168,086

Debtors                                        3,338,738           -  3,338,738
                                               _________     _______  _________

Total assets                                   4,061,310           -  4,061,310

Creditors:
Due within one year                           (6,353,712)          - (6,353,712)

Provisions for liabilities and charges                 -  (1,708,233)(1,708,233)
                                               _________     ________  _________


Net liabilities                               (2,292,402) (1,708,233)(4,000,635)
                                               _________     ________  _________
                                                           
The fair value adjustment arose as a result of a review by the directors of
leases entered into by the previous management of the companies acquired which
led the directors to conclude that the leases are onerous.


8. Post balance sheet events

   On 30 December 2005 the company announced that a settlement had been reached 
   in connection the potential claims by Central Parking System of UK Limited 
   ('CPS') in respect of the Flights Group acquired by Rotala on 30 August 2005 
   and the claims that Rotala had against S. J. Lawrenson under the acquisition 
   agreement relating to the Flights Group. S.J. Lawrenson had been the UK 
   Managing Director of CPS until shortly before the date of the latter 
   agreement.

   The key terms of the settlement were as follows:

   The full and final settlement of all claims and complaints between the 
   parties arising out of the disputed matters once the conditions in the 
   settlement agreement were satisfied;

   • No admission by any of the parties in relation to any allegations made;

   • S. J. Lawrenson and Spritto Nominees ('Spritto') (a company controlled by 
     the former) gave up any deferred share consideration which would otherwise 
     have become payable under the original acquisition and the loan note issued 
     as part of the initial consideration was no longer payable by Rotala;

   • S. J. Lawrenson gave up his entitlement to 3,700,000 share options which 
     were granted to him under the acquisition agreement on 30 August 2005. 
     M.B. Tackley and P. R.Churchman, two other former employees of CPS, also gave
     up their entitlements, of 3,500,000  and 3,500,000 share options in Rotala
     respectively, granted to them under the acquisition agreement;

   • Rotala would effect, and S.J. Lawrenson (acting through Spritto) agreed to,
     a sale of Spritto's 46,666,667 ordinary shares in Rotala. The board of Rotala 
     completed this sale in January 2006;

   • The parties agreed that the net proceeds of such a sale were transferred to 
     CPS or its parent undertaking, Central Parking Corporation ('CPC'). 
     This step was also completed in January 2006;

   • Rotala issued loan notes to CPS/CPC to the value of £800,000, repayable in 
     annual instalments between 31 December 2006 and 31 December 2010;

   • Rotala granted to CPS/CPC a warrant over 15,000,000 ordinary shares in 
     Rotala at an exercise price of 1.5 pence per share, exercisable for a five 
     year period;

   • The Flights Group would settle the amount owing to CPS of £920,000 in
     respect of goods and services supplied by that company. Of this amount, 
     £650,000 was paid on 23 December 2005 and the balance paid on 5 April 2006;

   • S.J. Lawrenson would pay CPS the sum of £70,000 and a further sum of 
     £60,000 within a year; M. B. Tackley and P. R. Churchman would each pay CPS 
     the sum of £10,000;
  
   • S. J. Lawrenson would resign as a director of Rotala and this he did on 
     19 January 2006.

   Following this settlement, neither S. J. Lawrenson, P.R.Churchman nor M. B.
   Tackley had any further connections in any capacity with Rotala or any of its
   subsidiaries.

   On 30 March 2006 the Company raised £1,625,000 by way of a placing of a 
   further 108,333,333 shares at 1.5p per share.

   On 27 April 2006, the Rotala group acquired the freehold to its 4.5 acre 
   depot in Birmingham, at a price of £2 million. Finance for this acquisition 
   was provided by a commercial mortgage of £1.5m on the site.


9. Financial Information

   The financial information set out above does not constitute the Company's 
   statutory accounts, within the meaning of section 240 of the Companies Act 
   1985, for the period ended 30 November 2005 (but is extracted from those 
   accounts). Statutory accounts for 2005 have not yet been delivered to the 
   Registrar of Companies but will be delivered following the Company's Annual 
   General Meeting. The auditors have reported on those accounts; their reports 
   were unqualified and did not contain statements under section 237 (2) or (3) 
   of the Companies Act 1985.

10. Report and Accounts

   Copies of the Report and Accounts for the period ended 30 November 2005 are 
   being sent to shareholders in due course. Further copies will be available 
   from the Company's registered office at 46 Cannon Street, London, EC4N 6JJ.

For further information, please contact 

M:Communications
Nick Fox  020 7153 1530


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