Half-yearly report

THE CORE BUSINESS PLC
                            ("Core" or the "Company")

     Unaudited Half-Yearly Report For The Six Months Ended 30 November 2009

17 March 2010

CHAIRMAN'S STATEMENT

Financial Results

The accounts for the period to 30 November 2009 show a loss of £217,550; loss
per share was 0.09p per share.

Business Review

In  September  2009 the directors requested the suspension of  dealings  in  the
existing  ordinary  shares on AIM when the directors became aware  that  trading
levels  had decreased to a significant extent, as a result of which the  group's
liabilities exceeded its assets.

Amirose  International Limited was placed in a creditors voluntary  liquidation
on 25 January 2010.

The  Board has been approached by Alfred Henry Corporate Finance, together with
Trafalgar  Capital Specialised Investment Fund, the Company's  largest  secured
creditor,  with proposals under which the Company is to be used as an investing
company  quoted on AIM and the creditors are to be offered new ordinary  shares
in  satisfaction of amounts owed to them by the Company in order  to  eliminate
the  Company's  indebtedness and liabilities and provide it with the  requisite
solvency  to conduct a company voluntary arrangement ("CVA"), to seek a  return
to  trading on AIM and to fund the associated working capital requirements. The
objective  would be to enable creditors and shareholders to recover some  value
by holding shares in an AIM quoted investment company.

Outlook

Assuming the proposals are implemented, the strategy of the proposed directors
will be to seek suitable acquisition opportunities in the natural resources
sector on a worldwide basis

On behalf of the board

Stirling Murray
Chief Executive


Change of Name of Nominated Adviser

The Company's Nominated Adviser, Blomfield Corporate Finance Limited, has
changed its name to Religare Capital Markets (UK) Limited - trading as Religare
Capital Markets.



For further information, please contact:

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

Religare Capital Markets (Nomad)
Nick Harriss                                           020 7444 0800

Antony Batty & Company LLP (CVA Nominee)
Antony Batty                                           020 7831 1234



Statement of Comprehensive Income
for the six months ended 30 November 2009



                                      Six         Six
                                months to      months        Year
                                       30          30       ended
                                 November    November      31 May
                                     2009        2008        2009
                        Note    Unaudited   Unaudited     Audited
                                        £           £           £

Revenue                           229,182     847,917   1,501,170

Cost of Sales                    (178,640)   (468,204)   (730,394)
                                _________   _________   _________

Gross Profit                       50,542     379,713     770,776

Administrative expenses          (262,935)   (455,494) (1,126,403)
                                _________   _________   _________

Operating Loss                   (212,393)    (75,781)   (355,627)

Exceptional items                       -           -  (2,036,498)
                                _________   _________   _________
                                 (212,393)    (75,781) (2,392,125)

Finance income                          -         261         277

Finance costs                      (5,157)    (30,600)    (68,970)
                                _________    _________  _________
Loss before tax                  (217,550)   (106,120) (2,460,818)

Income tax charges                      -           -           -
                                _________    ________   _________
(Loss) for the period from
continuing operations
attributable to
shareholders                     (217,550)   (106,120) (2,460,818)
                                =========    ========   =========
Loss per share (before
exceptional item):

Basic and diluted          8       (0.09p)     (0.04p)     (0.17p)
(before exceptional
item)                           =========    ========   =========



Statement of Financial Position as at 30 November 2009


                                    As at        As at
                                       30           30        As at
                                 November     November       31 May
                                     2009         2008         2009
                                Unaudited    Unaudited      Audited
                                        £            £            £

Assets
Non-Current Assets                145,342      168,387      155,730
Intangibles                             -    3,168,901            -
                                 ________    _________      _______
                                  145,342    3,337,288      155,730
                                 ________    _________      _______
Current assets

Trade and other receivables        52,531      163,476       76,813
Cash and cash equivalents           8,964        7,741          939
                                 ________    _________      _______
                                   61,495      171,217       77,752
                                 ________    _________      _______
Total assets                      206,837    3,508,505      233,482
                                 ========    =========      =======

Equity and liabilities

Capital and reserves

Share capital                   1,267,412    1,267,412    1,267,412
Share premium                   1,182,681    1,182,681    1,182,681
Retained loss                  (3,406,277)    (832,755)  (3,188,727)
                                _________    _________    _________
Total equity                     (956,184)   1,617,338     (738,634)
                                =========    =========    =========

Current liabilities

Trade and other payables          533,971      339,097      343,066
Short term loans                  629,050    1,552,070      629,050
                                _________    _________    _________
                                1,163,021    1,891,167      972,116
                                _________    _________    _________
Total equity and
liabilities                       206,837    3,508,505      233,482
                                =========    =========    =========


Cash Flow Statement
for the six months ended 30 November 2009



                                     Six          Six
                               months to    months to         Year
                                      30           30        ended
                                November     November       31 May
                                    2009         2008         2009
                               Unaudited    Unaudited      Audited
                         Note          £            £            £


Operating activities       9      55,245     (216,544)    (108,279)
Interest paid                     (5,157)     (30,600)     (70,934)
                                  ______      _______      _______
                                  50,088     (247,144)    (179,213)
                                  ______      _______      _______

Investing activities
Interest received                      -          261          277
Purchase of tangible fixed
assets                           (42,063)     (84,671)    (159,420)
                                  ______       ______      _______
                                 (42,063)     (84,410)    (159,143)
                                  ______       ______      _______

Financing activities
Proceeds on issue of shares            -      336,250      336,250
Increase (repayment) of loan           -            -            -
                                  ______       ______      _______
                                       -      336,250      336,250
                                  ______       ______      _______

Net cash inflow/(outflow)          8,025        4,696       (2,106)

Cash and cash equivalents
at the beginning of the
period                               939        3,045        3,045
                                  ______        _____      _______

Bank balances and cash             8,964        7,741          939
                                  ======        =====      =======



Statement of changes in equity

                                        Six          Six
                                  months to    months to         Year
                                         30           30        ended
                                   November     November       31 May
                                       2009         2008         2009
                                  Unaudited    Unaudited      Audited
                                          £            £            £

As at beginning of period          (738,634)   1,396,656    1,396,656
Loss for the period                (217,550)    (106,120)  (2,460,818)
Provision for equity position
of  Convertible loans
no longer required                        -       (9,448)     (10,722)
Issue of share capital net
of expenses                               -      336,250      336,250
                                    _______     ________     ________
As at end of period                (956,184)   1,617,338     (738,634)
                                    =======     ========     ========



Notes to the Interim Financial Information

1.   General Information

    The Core Business Plc is a company incorporated in England and Wales and
    quoted on the Alternative Investment Market of the London Stock Exchange.

2.   Basis of preparation

    These consolidated interim financial information have been prepared in
    accordance with International Financial Reporting Standards ("IFRS") as
    adopted by the European Union and on the historical cost basis, using the
    accounting policies which are consistent with those set out in the
    Company's Annual Report and Accounts for the year ended 31 May 2009. This
    interim financial information for the six months to 30 November 2009, which
    complies with IAS 34 `Interim Financial Reporting', was approved by the
    Board on    March 2010.

3.   Significant Accounting Policies

    Except  as  described below, the accounting policies applied are  consistent
    with  those  of  the annual ?nancial statements for the year  ended  31  May
    2009, as described in those annual ?nancial statements.

    Taxes on income in the interim periods are accrued using the tax rate that
    would be applicable to expected total annual earnings.

    The following new standards and amendments to standards are mandatory for
    the ?rst time for the ?nancial year beginning 1 January 2009.

  *  IAS 1 (revised), `Presentation of ?nancial statements'. The revised
     standard prohibits the presentation of items of income and expenses (that is
     `non-owner changes in equity') in the statement of changes in equity, requiring
     Qnon-owner changes in equity' to be presented separately from owner changes in
     equity. All `non-owner changes in equity' are required to be shown in a
     performance statement.

     Entities can choose whether to present one performance statement (the
     statement of comprehensive income) or two statements (the income statement
     and statement of comprehensive income).

     The Company has elected to present one statement.The interim ?nancial
     statements have been prepared under the revised disclosure requirements.

     The following new standards, amendments to standards and
     interpretations have been issued, but are not effective for the ?nancial
     year beginning 1 January 2009 and have not been early adopted:

  *  IFRS 3 (revised), `Business combinations' and consequential amendments to
     IAS 27, `Consolidated and separate ?nancial statements', IAS 28, `Investments in
     associates' and IAS 31, `Interests in joint ventures', effective prospectively
     to business combinations for which the acquisition date is on or after the
     beginning of the ?rst annual reporting period beginning on or after 1 July 2009.
     The Company does not have any subsidiaries, associates or joint ventures.

     The revised standard continues to apply the acquisition method to business
     combinations, with some signi?cant changes. For example, all payments to
     purchase a business are to be recorded at fair value at the acquisition
     date, with contingent payments classi?ed as debt subsequently re-measured
     through the statement of comprehensive income. There is a choice on an
     acquisition-by-acquisition basis to measure the minority interest in the
     acquiree either at fair value or at the minority interest's proportionate
     share of the acquiree's net assets. All acquisition-related costs should be
     expensed. The group will apply IFRS 3 (revised) to all business
     combinations from 1 January 2010.

  *  IFRIC 17, `Distributions of non-cash assets to owners', effective for
     annual periods beginning on or after 1 July 2009. This is not currently
     applicable to the Company, as it has not made any non-cash distributions.

  *  IFRIC 18, `Transfers of assets from customers', effective for transfers of
     assets received on or after 1 July 2009. This is not relevant to the Company, as
     it has not received any assets from customers.

     The following new standards, amendments to standards and
     interpretations are mandatory for the ?rst time for the ?nancial year
     beginning 1 January 2009, but are not currently relevant for the Company.

  *  IAS 23 (amendment), `Borrowing costs'.
  *  IAS 32 (amendment), `Financial instruments: Presentation'.
  *  IFRIC 13, `Customer loyalty programmes'.
  *  IFRIC 15, `Agreements for the construction o f real estate'.
  *  IFRIC 16, `Hedges of a net investment in a foreign operation'.
  *  IAS 39 (amendment), `Financial instruments: Recognition and measurement'.
  *  IFRS 8, `Operating segments'. IFRS 8 replaces IAS 14, `Segment reporting'.
  *  IFRS 2 (amendment), `Share-based payment'

4.   Segmental analysis

     The  company has only one principal area of operation, the creation and sale
     of beauty products - the United Kingdom.

5.   CVA

     The   company  went  into  administration  on  12  October  and  is  currently
     initiating a Company Voluntary Arrangement ("CVA").

6.   Taxation

     The company has incurred losses in each period and no corporation tax charge
     has  arisen.  The company has not recognised a deferred tax asset  in  respect
     of these losses.

7.   Dividends

     No  dividends  have been declared and approved in respect  of  the  six  month
     periods  ending 30 November 2009, six months ended 30 November  2008  or  year
     ended 31 May 2009.

8.   Loss per share

     Loss  per  share  is  calculated by reference  to  the  weighted  average  of
     253,482,454  ordinary shares in issue during the period (30 November  2008  -
     250,476,989 and 31 May 2009 252,030,399).

     The  diluted  loss per share is the same as the basic loss per share  as  the
     losses in each period have an anti-dilutive effect.

9.   Notes to the cash flow statement

     Net cash flow from operating activities comprises:

                                  Six          Six
                            months to    months to
                                   30           30   Year end
                             November     November     31 May
                                 2009         2008       2009
                            Unaudited    Unaudited    Audited
                                    £            £          £

     Loss before taxation    (212,393)     (75,781)  (355,627)

     Depreciation              52,451        3,134     90,540
    (Increase)/decrease
     in inventories                 -       41,269          -
    (Increase)/decrease
    in trade and other         24,282      (95,294)       817
    receivables

    (Decrease)/increase
    in trade and other        190,905      (89,872)   155,991
    payables                  _______      _______    _______

    Net cash outflow from
    operating activities       55,245     (216,544)  (108,279)
                              =======      =======    =======



10. Called up Share Capital

    The issued share capital as at 31 May 2009, per the audited accounts, was
    253,482,454 Ordinary Shares of 0.5p each. (31 May 2008 - 253,482,454;
    30 November 2008 -   253,482,454).

11. The unaudited interim financial information for period ended 30
    November 2009 do not constitute statutory accounts within the meaning of
    Section 435 of the Companies Act 2006. The comparative figures for the year
    ended 31 May 2009 are extracted from the statutory financial statements
    which have been filed with the Registrar of Companies and which contain an
    unqualified audit report and did not contain statements under Section 498
    to 502 of the Companies Act 2006.

12. Copies of this interim statement are available from the Company at
    Finsgate, 5-7 Cranwood Street, London EC1V 9EE. The interim financial
    information document will also be available on the Company's website
    www.thecorebusiness.co.uk.