Final Results

PRESS RELEASE
For release: 28 November 2008

               The Core Business: Results - Year ended 31 May 2008

The Core Business PLC, (`the Company') the innovative beauty brand business,
today announced its audited results for the year to 31 May 2008.

Highlights:

  · Strategic acquisition of Amirose International Limited.

  · Increased business coming from distribution and a move towards higher value
    brand consultancy assignments.

  · Elite Models Fashion colour cosmetics was launched in 200 Superdrug stores
    in September 2007 and generated over £600,000 sales in the year.

  · Exclusive 5 year UK distribution agreement signed with Bloom in February
    2008, an exciting and unique Australian colour cosmetics brand which has
    launched in 100 Superdrug stores in October 2008.

  · Tweezlight, an Amirose product won the 2008 best grooming product award in
    the prestigious lifestyle magazine Wallpaper.

  · The operating loss of £652,161 includes exceptional items of £542,960
    relating to the acquisition of Amirose International and its associated fund
    raising. Our underlying operating loss of £109,201 is a considerable
    improvement on last year's equivalent of £414,922.

Commenting on the audited results and outlook Stirling Murray, Chief Executive
said:

"It's been an exciting and eventful year. Our objective continues to be to build
a  highly  profitable  beauty management group. We have successfully  moved  our
business  model  from  consultancy  to one where  selling  brands  to  retailers
provides  95  per  cent  of  our revenue stream. We  have  completed  the  first
acquisition under our `buy and build' strategy and are well placed to  grow  our
business aggressively and profitably in the future.

Moving  into  distributing brands and the acquisition of  Amirose  International
Limited in July 2007 has had a dramatic and positive effect on our business. The
acquisition  of  Amirose  International Limited enhances  our  capabilities  and
provides us with a strong platform on which to deliver our strategic objectives.
Our  focus  on  brands flowing through the business, whether under exclusive  UK
distribution  agreements or our own brands, delivers a greatly enhanced  revenue
stream. We are continually approached by companies wishing to enter the  UK  and
this  combined  with  our  commitment to develop our own  beauty  brands  should
deliver business growth and cash generation.

We  also intend to develop a strong consumer web based retail business and  will
seek further acquisitions that fit our strategic criteria.

The  Core  Business  operates in the mid-to-mass sector  of  the  beauty  market
concentrating  our efforts on `value' brands. Traditionally this sector  remains
steady  in economic decline and can benefit as consumers trade down from premium
to  mass brands. To remain defensive in the current economic climate in the next
12  months we are looking to extend our geographic reach and move more  strongly
into  the  export market. In addition, we are confident that we can continue  to
create  a  strong  brand  portfolio  and retailer  spread  that  means  that  no
significant portion of our business remains dependent on one brand or retailer."

The auditors, without qualifying their report, have drawn attention to the
paragraphs relating to Going Concern within the 'Basis of Preparation'
accounting policy.

For further information, please contact:

The Core Business PLC                                   www.thecorebusiness.co.uk
Stirling Murray, Chief Executive                                020 8559 8244
Alastair Kennedy, Finance Director                              020 8559 8244

Blomfield Corporate Finance Ltd (Nomad)
Nick Harriss / Emily Morgan                                     020 7489 4500

Notes to Editors

The  Core  Business  was established in May 2004 by Stirling Murray  to  create,
develop, launch and distribute personal care and beauty brands. It also provides
consultancy  and  brand management services. The Company was listed  on  AIM  in
March 2006 under the ticker `CORE.'
Financial results

AUDITED PROFIT AND LOSS ACCOUNT
YEAR ENDED 31 MAY 2008
                                Notes           Group

                                             2008     2007
                                                £        £
Revenue                                 2,163,894  257,058
Cost of sales                          (1,118,660) (58,137)
                                          _______  _______
Gross profit                            1,045,234  198,921


Sales and marketing                      (234,751)       -
Administration costs                   (1,462,644)(613,843)
                                          _______  _______
Operating loss                           (652,161)(414,922)

Analysed as:
Operating loss before exceptional        (109,201)(414,922)
items
Exceptional items                  2     (542,960)       -
                                          _______  _______
Operating loss                           (652,161)(414,922)


Financial income                            6,268   11,210
Financial expense                         (64,996)       -
Share of profit/(loss) of associate             -        -
                                          _______  _______
Loss before tax                          (710,889)(403,712)

Income tax credit/(expense)                40,096   (3,310)
                                          _______  _______
Loss for the year                        (670,793)(407,022)
                                          =======  =======

Loss per share
Basic and diluted                  3   (0.42pence)(0.97pence)



AUDITED BALANCE SHEETS
                                Group                  Company
                             2008        2007      2008         2007
                                 £        £           £            £
Assets
Non-current assets
Property, plant and        95,376     1,507      86,850        1,507
equipment
Goodwill                1,648,971         -           -            -
Investment in                   -         -   3,168,901            -
subsidiary
Investment in                   -        -            -            -
associate
Financial assets                -   21,706            -       21,706
                      ______________________________________________
                        1,744,347    23,213   3,255,751       23,213


Current assets
Inventories               435,275     5,510      41,269        5,510
Trade and other           344,409   200,408      77,630      200,408
receivables
Current tax assets              -    8,873            -        8,873
Cash and cash             168,473   79,576        3,045       79,576
equivalents
                      ______________________________________________
                          948,157  294,367      121,944      294,367
                      ______________________________________________
Total assets            2,692,504  317,580    3,377,695      317,580
                      ==============================================

Equity and liabilities

Equity attributable to the Company's
equity holders
Share capital           1,017,412  211,982    1,017,412      211,982
Equity reserve             10,722        -       10,722            -
Share premium           1,096,431  411,913    1,096,431      411,913
Retained earnings        (816,650)(539,267)    (727,909)    (539,267)
                      ______________________________________________
                        1,307,915   84,628    1,396,656       84,628


Current liabilities
Trade and other payables  564,642  232,952      329,238      232,952
Borrowings                762,713        -      762,713            -
Current tax                57,234        -            -            -
liabilities
Amounts owed to group           -        -      889,088            -
undertakings
                      ______________________________________________
Total liabilities       1,384,589  232,952    1,981,039      232,952
                      ______________________________________________
Total equity and        2,692,504  317,580    3,377,695      317,580
liabilities           ==============================================




AUDITED STATEMENTS OF CHANGES IN EQUITY
YEAR ENDED 31 MAY 2008

Group                     Share     Equity     Share      Retained    Total
                         capital    reserve    premium    earnings
                              £           £          £           £        £

Balance as at 1 June    201,383           -    337,719    (132,245) 406,857
2006

Changes in equity for the year to 31 May 2007

Loss for the year             -           -          -    (407,022)(407,022)

Total recognised income
and expense for the year      -           -          -    (407,022)(407,022)

Issue of share capital   10,599           -     74,194           -   84,793
Balance as at 31 May    211,982           -    411,913    (539,267)  84,628
2007

Changes in equity for
the year to 31 May 2008
Loss for the year             -           -          -    (670,793) (670,793)
Total recognised income       -           -          -    (670,793) (670,793)
and expense for the year


Credit on issue of            -           -          -     393,410   393,410
share warrants
Issue of share capital  805,430           -    684,518           - 1,489,948
Equity component of           -      10,722          -           -    10,722
convertible loans
                        ____________________________________________________
Balance as at 31 May  1,017,412      10,722  1,096,431    (816,650)1,307,915
2008
                        ====================================================

Company                    Share     Equity     Share      Retained     Total
                         capital    reserve    premium    earnings
                              £           £          £           £          £

Balance as at 1 June    201,383           -    337,719    (132,245)   406,857
2006

Changes in equity for
the year to 31 May 2007
Loss for the year             -           -          -    (407,022)  (407,022)

Total recognised income       -           -          -    (407,022)  (407,022)
and expense for the year

Issue of share capital   10,599           -     74,194           -     84,793
Balance as at 31 May    211,982           -    411,913    (539,267)    84,628
2007

Changes in equity for
the year to 31 May 2008
Loss for the year             -           -          -    (582,052)  (582,052)

Total recognised income       -           -          -    (582,052)  (582,052)
and expense for the year


Credit on issue of            -           -          -     393,410    393,410
share warrants
Issue of share capital  805,430           -    684,518           -  1,489,948

Equity component of           -      10,722          -           -     10,722
convertible loans
                        _____________________________________________________
Balance as at 31 May  1,017,412      10,722  1,096,431    (727,909) 1,396,656
2008                    =====================================================


AUDITED CASH FLOW STATEMENTS
TO 31 MAY 2008

                                Group                  Company
                             2008        2007      2008         2007
                                 £        £           £            £
Cash flows from
operating activities
Cash generated from         77,475 (404,421)    189,675     (404,421)
operations
Interest paid              (64,996)       -     (64,996)           -
Tax paid                         -        -           -            -
                         ___________________________________________
Net cash used in            12,479 (404,421)    124,679     (404,421)
operating activities

Cash flows from investing activities
Acquisition of subsidi  (2,002,548)       -  (3,168,901)           -
-ary net of cash acquired
Amounts owed to subsidiary       -        -     889,089            -
undertaking
Purchases of property,   (112,009)   (1,963)   (110,860)      (1,963)
plant and equipment
Investment in financial asset   -   (11,128)          -      (11,128)
Interest received           6,268    11,210       4,755       11,210
                         ___________________________________________
Net cash used in       (2,108,289)   (1,881) (2,385,917)      (1,881)
investing activities

Cash flows from financing activities
Net proceeds on issues  1,411,273    84,793   1,411,273       84,793
of shares
Proceeds on issue of      850,000         -     850,000            -
loan notes
Repayment of loan         (76,566)        -    (76,566)            -
notes
                         ___________________________________________
Net cash from           2,184,707    84,793  2,184,707        84,793
financing activities

Net (decrease)/            88,897  (321,509)   (76,531)    (321,509)
increase in cash and
cash equivalents

Cash and cash              79,576   401,085     79,576      401,085
equivalents at
beginning of year
                         ___________________________________________
Cash and cash             168,473    79,576      3,045       79,576
equivalents at end of
year
                         ___________________________________________
Bank balances and         168,473    79,576      3,045       79,576
cash
                         ___________________________________________


NOTESTO THE ACCOUNTS

1       Summary of significant accounting policies

   Basis of preparation
   The  consolidated and Company financial statements of The Core  Business  Plc
   have  been  prepared  in  accordance with International  Financial  Reporting
   Standards  (IFRS) as adopted by the European Union (EU) applied in accordance
   with the provisions of the Companies Act 1985.

   IFRS  is  subject  to  amendment  and  interpretation  by  the  International
   Accounting  Standards Board (IASB) and the International Financial  Reporting
   Interpretations Committee (IFRIC) and there is an ongoing process  of  review
   and  endorsement  by the European Commission. The financial  statements  have
   been  prepared on the basis of the recognition and measurement principles  of
   IFRS that were applicable at 31 May 2008.

   The   preparation  of  financial  statements  in  conformity  with  generally
   accepted  accounting principles requires the use of estimates and assumptions
   that  affect  the reported amounts of assets and liabilities at the  date  of
   the  financial statements and the reported amounts of revenues  and  expenses
   during   the  reporting  period.  Although  these  estimates  are  based   on
   management's  best knowledge of the amount, event or actions, actual  results
   may ultimately differ from those estimates.

   The  accounts  have been prepared under the historical cost  convention.  The
   principal  accounting  policies set out below have been consistently  applied
   to all periods presented.

   Going concern
   The  Group has incurred trading losses during the year ended 31 May 2008.  At
   the  date  of  approval  of these financial statements,  the  Company  is  in
   default  of  its  two  convertible  loan agreements  and  the  directors  are
   negotiating new terms with the lenders.

   The  financial statements have been prepared on the going concern basis which
   assumes the Company and the Group will continue in operational existence  for
   the foreseeable future.

   The  validity  of this assumption depends upon the successful  conclusion  of
   future  negotiations  with  the  Company's existing  lenders  or  with  other
   potential  lenders  or  investors  with  whom  the  directors  have  been  in
   discussion.  The  financial statements do not include  any  adjustments  that
   would result if negotiations were not concluded successfully.

   Whilst  the  directors  are presently uncertain as to  the  outcome  of  this
   matter  mentioned  above,  they  believe  that  it  is  appropriate  for  the
   financial statements to be prepared on the going concern basis.

   Standards,  interpretations and amendments to published  standards  that  are
   not yet effective
   Certain  new standards, amendments and interpretations to existing  standards
   have  been  published  and  endorsed by the EU that  are  mandatory  for  the
   Group's  accounting  periods  beginning on or after  1  June  2008  or  later
   periods but which the Group has not early adopted, are as follows:
   -  IFRS 8, Operating Segments (effective for accounting periods on or after 1
   January  2009). IFRS 8 proposes that entities adopt `the management approach'
   to  reporting the financial performance of its operating segments. Management
   is  currently  assessing the impact of IFRS 8 on the  format  and  extent  of
   disclosures presented in the financial statements.

   The  directors  do  not anticipate that the adoption of these  standards  and
   interpretations  will  have  a  material  impact  on  the  Group's  financial
   statements.

   Consolidation
   The  Group financial statements include the results of The Core Business  Plc
   and  its  subsidiary undertakings on the basis of their financial  statements
   to  31  May  2008. The results of businesses acquired are included  from  the
   date of acquisition.

   A  subsidiary is an entity controlled, directly or indirectly,  by  The  Core
   Business  Plc.  Control is regarded as the power to govern the financial  and
   operating  policies  of  the entity so as to obtain  the  benefits  from  its
   activities.

   All  intra-group transactions, balances, income and expenses  are  eliminated
   on consolidation.

   Revenue recognition
   Revenue  comprises the fair value of the consideration received or receivable
   for  the  sale of goods and services provided in the ordinary course  of  the
   Group's  activities.  Revenue derived from the Group's  principal  activities
   (which  is  shown exclusive of applicable sales taxes, where  applicable)  is
   recognised as follows:

   Revenue  from  sale  of  goods is recognised when the significant  risks  and
   rewards  of  ownership  of the goods have passed to  the  buyer,  usually  on
   despatch of the goods.



1  Summary of significant accounting policies (continued)

   Interest  income  is accrued on a time basis, by reference to  the  principal
   outstanding and at the interest rate applicable.

   Goodwill
   Goodwill  represents the excess of the cost of an acquisition over  the  fair
   value  of  the  Group's share of the identifiable net assets of the  acquired
   subsidiary  at  the  date of acquisition. Separately recognised  goodwill  is
   tested   annually  for  impairment  and  carried  at  cost  less  accumulated
   impairment losses. Impairment losses on goodwill are not reversed.

   Inventories
   Inventories  held  for  resale  are valued at  the  lower  of  cost  and  net
   realisable value.

   Share based payments
   The  cost of warrant based equity transactions is measured with reference  to
   the  fair  value of the services provided for which the warrant  was  granted
   using  a  Black-Scholes pricing model. In accordance with IFRS 2 `Share-based
   Payments'  the  resulting cost is charged to the income  statement  over  the
   vesting period of the warrants.


2. Exceptional items

   Exceptional items are events or transactions that fall within the  activities
   of  the  Group  and  which  by virtue of their size or  incidence  have  been
   disclosed  in  order  to improve a reader's understanding  of  the  financial
   statements.
                                                     2008      2007
                                                        £         £
    Charge in respect of warrants issued          393,410         -
    during the year
    Costs in respect of acquisition of Amirose    149,550         -
    International
                                                  _________________
    Total exceptional items                       542,960         -



3. Loss per share

                                               2008       2007
                                                  £          £
    Loss for the purpose of basic and      (670,793)  (407,022)
    diluted loss per share

    Number of shares                           2008       2007
                                                No.        No.

    Weighted average number of ordinary
    shares:
    - for the purposes of basic and    160,451,379  42,065,406
    diluted loss per share

   The  impact of warrants in issue during the year is anti dilutive and has not
   been  taken  into consideration when calculating the weighted average  number
   of  ordinary shares for the purposes of calculating the diluted earnings  per
   share.


-END-