Final Results

Silentpoint PLC
30 April 2002



Date               30 April 2002


Contacts          Haresh Kanabar
                  Silentpoint Plc             020 7070 7283

                  David Bick
                  Holborn Public Relations    020 7929 5599
                                 [e-mail]



                SILENTPOINT PLC ('Silentpoint' or 'the Company')

           Preliminary Results for the period ended 31st October, 2001


Highlights

•   Floated on the Alternative Investment Market ('AIM') in November 2000
    raising £1. 4 million net of expenses


•   Net assets and cash of £1.3 million as at 30th October, 2001


•   Loss per share of 0.73p


Chairman's Statement


I am pleased to present Silentpoint's first report and accounts, which cover the
period from incorporation in October 2000 to 31st October, 2001. The Company
raised net proceeds of £1.4 million by way of a placing of 15,000,000 ordinary
shares at 10p and was admitted to trading on the Alternative Investment Market
('AIM') in November 2000.


Results


In the period ended to 31st October, 2001, the Company incurred an operating
loss of £177,551 after a charge of £77,174 relating to an aborted acquisition.
After crediting interest received of £62,486, the loss before taxation for the
period was £115,065, shareholders' funds stood at £1.3 million at the end of the
period and the Company's cash reserves were £1.3 million.  These results reflect
our policy of operating with a minimum level of fixed overheads.


Review of Operations


At the time of our admission to AIM we stated in our prospectus that our
objective is to build, largely through acquisition, a group providing retail,
media sales promotion and marketing services. Since then we have reviewed a
number of potential acquisition targets, but have yet to find one that we
consider appropriate to present to our shareholders.


Outlook


Market conditions remain difficult in the sector in which we operate, but the
directors continue to evaluate opportunities and when a suitable opportunity
arises we will present it to shareholders for their approval.


Haresh Kanabar
Chairman
30th April, 2002


Profit and Loss Account
For the period ended 31st October, 2001

                                                                            Note              Period ended
                                                                                        31st October, 2001

                                                                                                         £

Operating expenses                                                                               (100,377)

Exceptional Item                                                                                  (77,174)

Operating loss                                                                                   (177,551)

Interest receivable                                                                                 62,486
                                                                                                  --------
Loss on ordinary activities before taxation                                                      (115,065)

Taxation                                                                     3                           -
                                                                                                  --------
Loss on ordinary activities after taxation                                                       (115,065)
                                                                                                  --------
Loss per share                                                               4                     (0.73p)



Balance Sheet
As at 31st October, 2001
                                                                                 As at 31st October, 2001
                                                                                       £                £
Current Assets
Debtors and prepayments                                                            2,262
Cash at bank and in hand                                                       1,322,049
                                                                                --------
                                                                               1,324,311
Current Liabilities
Creditors                                                                       (12,880)
                                                                                --------
Net Current Assets                                                                              1,311,431
                                                                                                 --------
Net Assets                                                                                      1,311,431
                                                                                                 ========
Capital and Reserves
Share Capital                                                                                     350,000
Share Premium Account                                                                           1,076,496
Profit and Loss Account                                                                         (115,065)
                                                                                                 --------
Shareholders' Funds                                                                             1,311,431
                                                                                                 ========


Cash Flow Statement
For the period ended 31st October, 2001
                                                                          Period ended 31st October, 2001
                                                                                    £                   £

Net cash outflow from Operating activities                                                      (166,933)
                                                                                                 --------
Return on investments

Interest received                                                                                  62,486
                                                                                                 --------
Financing

Issue of ordinary share capital                                             1,550,000
Share issue costs                                                           (123,504)
                                                                            ---------           1,426,496
                                                                                                 --------
Increase in Cash                                                                                1,322,049
                                                                                                 --------


Notes to the Preliminary Results



1. Basis of preparation

The financial statements have been prepared under historical cost convention and
in accordance with applicable accounting standards.


2. Dividends

No dividend is proposed for the period ended 31st October, 2001.


3. Taxation

On the grounds that losses have been made there is no taxation charged to the
profit and loss account in this period.


4. Loss per Share

The loss per share has been calculated by dividing the loss on
ordinary activities after taxation for the period of £115,065 by the weighted
average number of ordinary shares of 15,831,221 in issue during the period.


5. Publication of non-statutory accounts

The financial information set out in this preliminary announcement does not
constitute statutory accounts as defined in Section 240 of the Companies Act
1985.

The profit and loss account for the period ended 31st October, 2001, the balance
sheet as at 31st October, 2001, and the cash flow statement and associated notes
for the period then ended have been extracted from the Company's financial
statements upon which the auditors have given an unqualified audit report.
Those financial statements have not yet been delivered to the Registrar of
Companies.


6.  Copies of the annual accounts are being sent to shareholders today
and are available now from 22 Soho Square, London W1D 4NS.


                                    - ENDS -


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