Interim Results

Silentpoint PLC
12 July 2001


Date           12 July 2001

Contacts       Haresh Kanabar
               Silentpoint Plc                              020 7070  7283
                
               Chris Steele
               Holborn Public Relations                      020 7929 5599
                                              [e-mail]



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

             Interim Results for the 6 Months ended 30 April 2001


Highlights

*        Floated on the Alternative Investment Market in November 2000 raising
         £1.4 million net of expenses

*        Net assets of £1.4 million as at 30 April, 2001 represented by cash
         in bank

*        Loss per share of 0.12p


Commenting on progress and prospects, Haresh Kanabar, Chairman of Silentpoint,
said:

'Whilst we are disappointed that we have not found an acquisition which meets
our criteria we feel that the more realistic valuations now being applied by
the market will enable us to invest shareholders funds on more realistic
terms.  Meanwhile we continue to contain overheads and preserve our funds.'




Chairman's Statement


I have pleasure in reporting your Company's first results since it raised net
proceeds of  £1.4 million by way of a placing of 15,000,000 ordinary shares at
10p and were admitted to trading on the Alternative Investment Market ('AIM')
in November last year.  The results cover the six-month period ended 30 April
2001.



Results



In the six months to 30 April 2001, the Company incurred an operating loss of
£52,143.  After crediting interest received of £31,917, the loss before
taxation for the period was £20,226.  At the end of the period shareholders'
funds stood at £1.4 million and the Company's cash reserves were £1.4 million.
  These results reflect our policy of operating with a minimum level of fixed
overheads and means that the shareholder net asset value is being preserved.



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 marketing services. Since then we have reviewed a number
of potential acquisition targets, some within this sector and some not, but we
have yet to find one that we consider appropriate to present to our
shareholders.



Outlook



Market sentiment has changed in the last six months and valuations are some
way below the peaks attained briefly in the first quarter of last year.  Your
Directors believe that with the greater value now available at current, more
realistic price levels, the Company will be able to identify a suitable
acquisition to place before shareholders.




Haresh Kanabar

Chairman

12 July 2001




Silentpoint Plc


Profit And Loss Account
For the six months ended 30 April 2001

                                                               Six months ended
                                                                  30 April 2001
                                                                    (unaudited)
                                               Note                           £

Operating expenses                                                       52,143

Operating loss                                                         (52,143)

Interest receivable                                                      31,917

Loss on ordinary activities before taxation                            (20,226)

Taxation                                        3                             0

Loss on ordinary activities after taxation                             (20,226)

Loss per share                                  4                          0.12




Silentpoint Plc

Balance Sheet
as at 30 April 2001

                             Note                     As at 30 April 2001
                                                              (Unaudited)
                                                  £                           £

Current Assets
Debtors and prepayments                       3,594
Cash at bank and in hand                  1,413,182

                                          1,416,776
Current Liabilities
Creditors                                  (10,506)

Net Current Assets                                                    1,406,270

Net Assets                                                            1,406,270

Capital and Reserves
Share Capital                                                           350,000
Share Premium Account                                                 1,076,496
Profit and Loss Account                                                (20,226)

Shareholders' Funds                                                   1,406,270




Silentpoint Plc


Notes to the Interim Results


1.         Basis of preparation

The Interim accounts for the six months ended 30 April 2001 are unaudited and
do not constitute statutory accounts in accordance with section 240 of the
Companies Act 1985.

2.         Dividends

No dividend is proposed for the six months ended 30 April 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 after
taxation for the period of £20,226 by the weighted average number of ordinary
shares of 17,500,000 in issue during the period.

5.         Copies of the Interim results will be sent to shareholders in due
course and will be available from 22 Soho Square, London W1D 4NS.




                                   - ENDS -