Final Results

Silentpoint PLC
01 March 2004


                                  Embargoed: not to be released until 7.00 am on

                                                                 1st March, 2004

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

           Preliminary Results for the year ended 31st October, 2003

Silentpoint plc today announces its results for the year ended 31st October
2003.

Highlights during the year:

   •Gains from sale of investments: £87,000

   •Profit before tax : £55,000 (2002: loss £116,000)

   •Earnings per share : 0.31p (2002: loss per share 0.66p)

   •Expanded investment strategy working well

   •Disposal of part of Gaming Corporation since the period end leaving
    Silentpoint with a substantial stake at nil cost

   •Cash and quoted assets at period end stand at £1,250,000

Commenting today Haresh Kanabar, Chairman, said:

'It is pleasing that Silentpoint is able to report a profitable outcome for the
year. Looking forward, the Company continues to seek undervalued investment
opportunities and is actively reviewing a number.'


Enquiries:

Smit Berry, Chief Executive, Silentpoint PLC Tel: [phone]



CHAIRMAN'S STATEMENT

I am pleased to report that Silentpoint made a pre-tax profit of £55,000 in the
year to 31 October 2003, which is a significant turnaround on the pretax loss of
£116,000 reported last year. Profit on the sale of investments totalled £87,000
and the Company received net interest of £36,000 during the period. Net cash and
assets at the period end stand at £1.25m.

Silentpoint continues to receive approaches from companies seeking to utilise
its cash resources and the Board continue to review each one on a case by case
basis. Our selection criteria is that any business we acquire should be at, or
close to, profitability, cash generative and capable of demonstrating
significant growth. We continue to monitor certain small but highly suitable
private companies demonstrating these characteristics and where expansion
capital would accelerate growth prospects.
In the interim report, we indicated that whilst we continue to search a suitable
unquoted acquisition, we would seek to improve returns from our cash holding by
investing a small part of our cash resources in shares of quoted companies, an
area where the Board has expertise. Our belief was that this expanded investment
strategy would be well-suited to the current environment and gains on a number
of positions have delivered our improved performance.

During the first six months of the year the Company acquired one significant
interest - a holding of six million shares in AIM-listed Gaming Corporation -
which we perceived to be an undervalued situation. As at 31 October,
Silentpoint's investment in Gaming Corporation had risen almost 150% and since
the end of the period being reported today, I am pleased to report that we have
sold part of our stake and now have a 'free ride' on the remainder which
represents an interest of just under 3% of the issued share capital of Gaming
Corporation. Profits from this sale will be recognised in the current year.

Our shareholder funds therefore show improvement on the 31 October position and
I look forward to updating shareholders at the interim stage.

Outlook

2003 has been a year of progress for Silentpoint. The year has shown an
achievement in eliminating our reported losses and the 2004 fiscal year has
begun with the benefits of improved shareholder resources. Looking forward, the
Company will continue to seek unquoted investment opportunities but will look
for a truly compelling situation, rather than being tempted into activity for
activity's sake. We continue to actively review a number of opportunities.

Haresh Kanabar

Chairman

1st March 2004


Profit and Loss Account
For the year ended 31st October, 2003

                                   Note         Year ended         Year ended
                                               31st October,      31st October,
                                                      2003               2002
                                                         £                  £

Other operating expenses (net)                     (67,790)          (162,627)
                                                 ---------          ---------

Operating loss                                     (67,790)          (162,627)

Investment income                                  122,861             46,303
                                                 ---------          ---------

Profit/(loss) on ordinary
activities before taxation                          55,071           (116,324)

Taxation                                                 -                  -
                                                 ---------          ---------

Profit/(loss) for the year                          55,071           (116,324)
                                                 =========          =========

Earnings/(loss) per share: Basic
and diluted                           3               0.31p             (0.66p)
                                                 =========          =========



Balance Sheet
As at 31st October, 2003
                                                        As at            As at
                                                 31st October     31st October
                                                         2003             2002
                                                            £                £
Current Assets
Investments                                           359,850            4,277
Debtors                                                24,070           24,887
Cash at bank and in hand                              874,819        1,174,045
                                                    ---------        ---------

                                                    1,258,739        1,203,209

Creditors: Amounts falling due within one year         (8,561)          (8,102)
                                                    ---------        ---------

Net Assets                                          1,250,178        1,195,107
                                                    =========        =========

Capital and Reserves
Called up Share Capital                               350,000          350,000
Share Premium Account                               1,076,496        1,076,496
Profit and Loss Account                              (176,318)        (231,389)
                                                    ---------        ---------

Shareholders' Funds                                 1,250,178        1,195,107
                                                    =========        =========



Cash Flow Statement
For the year ended 31st October, 2003
                                                         Year            Year
                                                        ended           ended
                                                 31st October    31st October
                                                         2003            2002
                                                            £               £

Cash flow from operating activities                   (66,514)       (190,030)
Return on investments and servicing of finance         38,646          43,074
                                                     --------        --------

CASH OUTFLOW BEFORE FINANCING AND USE OF LIQUID
RESOURCES                                             (27,868)       (146,956)

Management of liquid resources                         43,683         156,513
                                                     --------        --------

INCREASE IN CASH IN THE PERIOD                         15,815           9,557
                                                     ========        ========

Notes to the Preliminary Results

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

2. No dividend is proposed for the year ended 31st October, 2003.

3. Basic and diluted loss per ordinary share have been calculated using the
weighted average number of shares in issue during the financial year. The
weighted average number of equity shares in issue is 17,500,000 (2002:
17,500,000) and the profit after tax is £55,071 (2002: loss of £116,324).

4.                  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 year ended 31st October, 2003, the balance
sheet as at 31st October, 2003, and the cash flow statement and associated notes
for the year 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.
The 2002 accounts have been delivered to the Registrar of Companies and the
auditors reported on them, their report was unqualified and did not contain a
statement under Section 237(2) or (3) of the Companies Act 1985.

5. Copies of the annual accounts are being sent to shareholders and are
available from the Company's registered office, 84 Addiscombe Road, Croydon,
Surrey CR0 5PP.




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