Interim Results

Silentpoint PLC
18 July 2003


                                    Embargoed not to be released until 7.00am on

                                                                 18th July, 2003


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

            Interim Results for the 6 Months ended 30th April, 2003


Chairman's Statement

I am pleased to report a sharply reduced loss of £11,258 in the six months to
30th April, 2003. This compares to a loss in the first half last year of £45,681
and comes despite lower prevailing interest rates during the period which
reduced interest receivable on the company's cash balance. As at 30th April,
2003 net assets were £1.18m, of which £1.15m was cash.

The financial results, which are detailed below, are in line with the management
expectations set on 28th April, 2003 when we reported our year end results.

At that time we reported that our strategy was to continue to manage all ongoing
overheads; and to make small quoted investments, in order to improve returns
from cash, whilst maintaining a high level of liquidity. Gains on investments
are expected to result in a small improvement in shareholder funds for the full
year.

Since the period end, Silentpoint has acquired a holding in excess of the 3%
disclosure threshold in one public company - 5.63% of Gaming Corporation PLC, a
provider of innovative gaming products. Our investment was made on a proforma
valuation of £1.07m for a business with cash of over £0.4m, some valuable assets
and a scalable model with the opportunity for high levels of repeat revenue.

In the longer term, the board continues to look for an acquisition opportunity
which will result in an increased level of cash flow generation. Opportunities
to find a reverse takeover candidate have been significant, and we continue to
quietly monitor several interesting opportunities with attractive fundamentals.
We remain acutely conscious of our need to invest well and will not be rushed.

Outlook

We believe good progress has been made in implementing the short term strategy
and remain committed to our longer term objectives.


Haresh Kanabar
Chairman
18th July 2003


Enquiries:

Silentpoint plc

Smit Berry - Chief Executive                                   020 8656 4648
Haresh Kanabar - Chairman                                      020 7070 7283


Profit And Loss Account
For the six months ended 30th April, 2003

                           Note        Six months     Six months  Period ended
                                          ended          ended
                                      30th April,    30th April,   31st October,
                                           2003           2002            2002
                                    (unaudited)    (unaudited)       (audited)
                                              £              £               £

Operating Income                          6,054              -               -
Operating expenses                       35,079         68,258         159,398
                                      -----------    -----------     -----------
Operating loss                          (29,025)       (68,258)       (159,398)

Interest receivable                      17,767         22,577          43,074
                                      -----------    -----------     -----------
Loss on ordinary                        (11,258)       (45,681)       (116,324)
activities before
taxation

Taxation                       3              -              -               -
                                      -----------    -----------     -----------
Loss on ordinary                        (11,258)       (45,681)       (116,324)
activities after                      ===========    ===========     ===========
taxation
                                              
Loss per share                 4           0.06           0.26            0.66
                                      ===========    ===========     ===========
                                              

Balance Sheet
as at 30th April, 2003
                                    As at              As at             As at
                                30th April,        30th April,     31st October,
                                     2003               2002              2001
                              (unaudited)        (unaudited)         (audited)
                                        £                  £                 £

Investments                        67,612                  -             4,277

Current Assets
Debtors and prepayments             6,659              2,155            24,887
Cash at bank and in hand        1,153,268          1,277,300         1,174,045
                                -----------        -----------       -----------
                                1,227,539          1,279,455         1,198,932

Current Liabilities
Creditors                         (43,690)           (13,706)           (8,102)
                                -----------        -----------       -----------

Net Current Assets              1,183,849          1,265,749         1,190,830
                                -----------        -----------       -----------

Net Assets                      1,183,849          1,265,749         1,195,107
                                ===========        ===========       ===========
Capital and Reserves
Share Capital                     350,000            350,000           350,000
Share Premium Account           1,076,496          1,076,496         1,076,496
Profit and Loss Account          (242,647)          (160,747)         (231,389)
                                -----------        -----------       -----------
Shareholders' Funds             1,183,849          1,265,749         1,195,107
                                ===========        ===========       ===========


Notes to the Interim Results


1. Basis of preparation

The Interim accounts for the six months ended 30th April, 2003 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 30th April, 2003.


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 £11,258 by the weighted average number of ordinary shares of
17,500,000 in issue during the period.


5. Copies of the Interim results are available from 84 Addiscombe Road
Croydon CRO 5PP.



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