Final Results

T.F. & J.H. BRAIME (HOLDINGS) P.L.C.

       (`Braime' or the 'company' and with it subsidiaries the `group')

             ANNUAL RESULTS FOR THE YEAR ENDED 31ST DECEMBER 2010

At a meeting of the directors held today, the accounts for the year ended 31st
December 2010 were submitted and approved by the directors. The preliminary
accounts statement is as follows:

Chairman's statement

Performance of group companies

The group continued to make good progress in 2010.

Over 80% of group sales are made in overseas markets, which have been less
affected than the UK by the current recession. Many of the sales are to food
related industries where there is still strong growth. We have also continued
to benefit from largely favourable exchange rates.

Sales revenue increased by 15% to £18.10m from £15.70m. Pre tax profit rose to
£1.36m from £0.62m and the profit after tax for 2010 was £945,000 compared to £
387,000 in 2009.

In view of the above excellent result, the directors have already announced a
second interim dividend of 4.80p to be paid on 1st April 2011, making a total
for the tax year ending 5th April 2011 of 7.20p (compared to 4.50p in the
previous year). As last year, a final dividend will not be paid.

Manufacturing of deep drawn pressings (Braime Pressings Limited)

Following the restructuring of this business, the level of loss made by our
manufacturing business was reduced compared to 2009 but this reduction was much
less than had been forecast.

During 2010 we were successful in improving the efficiency of the investment in
the machinery producing existing work and significant improvements were made to
the infrastructure and environment of the business.

However, despite the enormous efforts of our staff, we were unable to bring on
stream in 2010 the two major new contracts which were critical to achieving our
anticipated improvement. In addition to losing the expected contribution from
this new work, we also had to absorb much higher than expected costs in
modifying and commissioning the complex plant required to run the new work. The
result for 2010 was also badly affected by an unexpectedly large increase in
material costs, which we were unable to pass on to our customers until 2011.

The first of the new contracts finally came on stream successfully at the end
of January 2011. We are currently in the midst of final trials for the second
contract and expect this to be launched in the second quarter of this year. We
have also secured additional volume for one of our existing product lines.

We are therefore hopeful in 2011, of achieving the substantial progress that we
had forecast for 2010.

Distribution of components, under our 4B brand, to the bulk material handling
industry

All of our subsidiaries distributing globally our brand of 4B material handling
components again enjoyed record years, and the performance of 4B Elevator
Components Limited in the USA was particularly strong.

The company continues to invest in developing both the diversity of our product
range and in our distribution network. Specifically, in December 2010, we set
up a new subsidiary, 4B Australia Pty Limited based in Brisbane. Two weeks
later our premises were flooded! However, once having overcome this
inauspicious start, we are showing signs of early progress.

We are seeing a very positive start to 2011 although sales to some markets
remain affected by the recession.

Our main concerns in 2011 are the impact of the current political turbulence on
our markets in the Middle East, the effect of the recent tragic natural
disasters in both Australia and Japan and surging commodity prices, caused by
the scale of the relatively new phenomenon of global speculation in
commodities. The price of our key raw materials, steel, plastics and rubber
have already increased by between 10% and 30% in just the first three months.
Increases of this magnitude are hard to manage and difficult to pass on in a
timely manner, they tie up cash in higher stock costs and create great
uncertainty for both ourselves and our customers.

Investment

In 2010 the group invested £263,000 in plant and equipment. Of this, £53,000
was financed by hire purchase agreements, £35,000 financed through the sale of
surplus plant and the balance of £175,000 was financed from funds generated
internally.

At the year end, the company had committed to a further capital investment of £
140,000 and, since the start of the new financial year, the company has placed
orders for further investments totalling £232,000. All of these capital
investments are being financed by hire purchase agreements.

Cash flow and debt

Although the company generated substantial funds as a result of the large
improvement in profitability, the cash flow position for the year was negative
by £87,728.

In addition to the £175,000 used for capital investments, a further £178,000
was required to finance the higher volume of business activity, being the
difference between the amounts owed to us by customers and the amount owed to
our suppliers.

However, the major reason for the net outflow of funds was an increase in
stocks of £732,000. Some of this increase can be justified by exceptional
circumstances, as we built up stocks to allow for the installation of new
plant, and as we purchased forward in anticipation of the increases in raw
materials. But, the steep rise in stocks is of concern and strenuous efforts
are being made to reverse this trend.

Staff

Our most important resource is our staff and we thank them for their continuing
effort and support to overcome the constant challenges we face as we try to
implement major changes and improvements throughout the group.

Board appointments

I am delighted to announce the appointment to the board of my two sons, Carl
and Alan as Group Sales Director and Group Commercial Director respectively.
The appointments, made on 13th August 2010, will be subject to their election
at the AGM.

Carl Braime gained a BSc at London University and an MA at Bristol University,
before working in South America for three years, becoming fluent in Spanish.
Since June 2006 Carl has been Sales Manager for Braime Elevator Components
Limited, further developing our overseas distribution. He is currently
completing the final year of an Executive MBA at Leeds University.

Alan Braime graduated from Newcastle with a 1st in Economics and qualified as a
chartered accountant with KPMG in September 2006, prior to joining the
business. Alan has played an important role in developing the strategy for the
restructuring of our manufacturing business and is currently leading a project
looking at the business systems across the group.

Both appointments will bring fresh ideas and new energy to the board, which are
essential for the continuing development of the business.

Outlook

The directors believe that the new work coming on stream in Braime Pressings
Limited should result in an improvement in its' financial performance but the
outcome remains dependent on our ability to successfully complete the launch of
these contracts and to make the necessary improvements in the operating
efficiency of our new plant.

The 4B division has started the year very positively but we are concerned about
the impact of the current levels of instability, particularly related to
commodity prices, which threaten margins and jeopardise business confidence
among customers. In this uncertain climate, it will be a challenge to hang on
to the gains of the previous two years.

Nevertheless we believe overall that we can maintain the improvement in the
performance of the group, albeit at a much slower rate.

Summarised Consolidated Income Statement for the year ended 31st December 2010 
                                   (audited)                                   

                                                 Note         2010        2009 
                                                                               
                                                                 £           £ 
                                                                               
Revenue                                                 18,057,661  15,685,218 
                                                                               
Changes in inventories of finished goods and               647,108    (406,362)
work in                                                                        
                                                                               
progress                                                                       
                                                                               
Raw materials and consumables used                     (10,358,951) (8,156,328)
                                                                               
Employee benefits costs                                 (3,841,811) (3,685,404)
                                                                               
Depreciation expense                                      (286,938)   (302,865)
                                                                               
Other expenses                                          (2,804,022) (2,434,978)
                                                                               
Profit from operations                                   1,413,047     699,281 
                                                                               
Finance costs                                             (302,445)   (285,338)
                                                                               
Finance income                                             250,776     211,049 
                                                                               
Profit before tax                                        1,361,378     624,992 
                                                                               
Tax expense                                               (416,240)   (237,905)
                                                                               
Profit for the year attributable to equity                 945,138     387,087 
shareholders of the parent company                                             
                                                                               
Basic and diluted earnings per share                 1      65.63p      26.88p 



  Summarised Consolidated Statement of Comprehensive Income for the year ended  
                          31st December 2010(audited)                          

                                                             2010        2009 
                                                                              
                                                                £           £ 
                                                                              
Profit for the year                                       945,138     387,087 
                                                                              
Actuarial (losses)/gains recognised directly in          (168,000)     76,000 
equity                                                                        
                                                                              
Foreign exchange losses on re-translation of              (33,254)   (107,605)
overseas operations                                                           
                                                                              
Adjustment in respect of minimum funding                  137,000    (149,000)
requirement per IFRIC14                                                       
                                                                              
Other comprehensive income for the year                   (64,254)   (180,605)
                                                                              
Total comprehensive income for the year                   880,884     206,482 



     Summarised Consolidated Balance Sheet at 31st December 2010(audited)      

                          Note       2010        2010        2009        2009 
                                                                              
                                        £           £           £           £ 
                                                                              
Assets                                                                        
                                                                              
Non-current assets                                                            
                                                                              
Property, plant and             1,223,980               1,249,460             
equipment                                                                     
                                                                              
Goodwill                           12,270                  12,270             
                                                                              
Employee benefits                       -                       -             
                                                                              
Total non-current                           1,236,250               1,261,730 
assets                                                                        
                                                                              
Current assets                                                                
                                                                              
Inventories                     3,593,680               2,862,149             
                                                                              
Trade and other                 3,291,602               2,400,384             
receivables                                                                   
                                                                              
Cash and cash                   1,844,934               1,947,207             
equivalents                                                                   
                                                                              
Total current assets                        8,730,216               7,209,740 
                                                                              
Total assets                                9,966,466               8,471,470 
                                                                              
Liabilities                                                                   
                                                                              
Current liabilities                                                           
                                                                              
Bank overdraft                  1,145,421               1,159,966             
                                                                              
Trade and other                 2,707,169               2,019,053             
payables                                                                      
                                                                              
Other financial                   291,553                 344,339             
liabilities                                                                   
                                                                              
Corporation tax                   171,054                       -             
liability                                                                     
                                                                              
Total current                               4,315,197               3,523,358 
liabilities                                                                   
                                                                              
Non-current liabilities                                                       
                                                                              
Financial liabilities             389,012                 488,979             
                                                                              
Total non-current                             389,012                 488,979 
liabilities                                                                   
                                                                              
Total liabilities                           4,704,209               4,012,337 
                                                                              
Total net assets                            5,262,257               4,459,133 
                                                                              
Capital and reserves                                                          
attributable to equity                                                        
holders of the parent                                                         
company                                                                       
                                                                              
Share capital                                 360,000                 360,000 
                                                                              
Capital reserves                               77,319                  77,319 
                                                                              
Foreign exchange                              286,292                 319,546 
reserve                                                                       
                                                                              
Retained earnings                           4,538,646               3,702,268 
                                                                              
Total equity                                5,262,257               4,459,133 



 Summarised Consolidated Cash Flow Statement for the year ended 31st December  
                                 2010(audited)                                 

                          Note       2010        2010        2009        2009 
                                                                              
                                        £           £           £           £ 
                                                                              
Operating activities                                                          
                                                                              
Net profit                                    945,138                 387,087 
                                                                              
Adjustments for:                                                              
                                                                              
Depreciation                      286,938                 302,865             
                                                                              
Grants amortised                   (1,656)                 (1,656)            
                                                                              
Foreign exchange losses           (37,785)               (119,426)            
                                                                              
Investment income                (250,776)               (211,049)            
                                                                              
Interest expense                  302,445                 285,338             
                                                                              
Gain on sale of plant,            (35,357)                 (8,748)            
machinery and motor                                                           
vehicles                                                                      
                                                                              
Adjustment in respect             (22,000)                 57,000             
of defined benefits                                                           
scheme                                                                        
                                                                              
Income tax expense                416,240                 237,905             
                                                                              
                                              658,049                 542,229 
                                                                              
Operating profit before                     1,603,187                 929,316 
changes in working                                                            
capital and provisions                                                        
                                                                              
(Increase)/decrease in           (891,218)                243,991             
trade and other                                                               
receivables                                                                   
                                                                              
(Increase)/decrease in           (731,531)                481,862             
inventories                                                                   
                                                                              
Increase in trade and             713,331                  89,643             
other payables                                                                
                                                                              
                                             (909,418)                815,496 
                                                                              
Cash generated from                           693,769               1,744,812 
operations                                                                    
                                                                              
Income taxes paid                            (270,401)               (375,533)
                                                                              
Investing activities                                                          
                                                                              
Purchases of plant,              (210,154)               (326,902)            
machinery and motor                                                           
vehicles                                                                      
                                                                              
Sale of plant,                     35,358                   8,750             
machinery and motor                                                           
vehicles                                                                      
                                                                              
Interest received                   4,776                  11,049             
                                                                              
                                             (170,020)               (307,103)
                                                                              
Financing activities                                                          
                                                                              
Repayment of hire                (197,871)               (124,157)            
purchase creditors                                                            
                                                                              
Interest paid                     (65,445)                (75,338)            
                                                                              
Dividends paid                    (77,760)                (43,200)            
                                                                              
                                             (341,076)               (242,695)
                                                                              
(Decrease)/increase in                        (87,728)                819,481 
cash and cash                                                                 
equivalents                                                                   
                                                                              
Cash and cash                                 787,241                 (32,240)
equivalents, beginning                                                        
of period                                                                     
                                                                              
Cash and cash                                 699,513                 787,241 
equivalents, end of                                                           
period                                                                        



 Consolidated statement of changes in equity for the year ended 31st December  
                                 2010(audited)                                 

                                                Foreign                       
                             Share   Capital   Exchange   Retained            
                           Capital   Reserve    Reserve   Earnings      Total 
                                                                              
                                 £         £          £          £          £ 
                                                                              
Balance at 1st January     360,000    77,319    427,151  3,431,381  4,295,851 
2009                                                                          
                                                                              
Comprehensive income                                                          
                                                                              
Profit                           -         -          -    387,087    387,087 
                                                                              
Other comprehensive                                                           
income                                                                        
                                                                              
Actuarial gains                  -         -          -     76,000     76,000 
recognised directly in                                                        
equity                                                                        
                                                                              
Foreign exchange losses          -         -   (107,605)         -   (107,605)
on re-translation of                                                          
overseas operations                                                           
                                                                              
Adjustment in respect of         -         -          -   (149,000)  (149,000)
minimum funding                                                               
requirement per IFRIC14                                                       
                                                                              
Total other comprehensive        -         -   (107,605)   (73,000)  (180,605)
income                                                                        
                                                                              
Total comprehensive              -         -   (107,605)   314,087    206,482 
income                                                                        
                                                                              
Transaction with owners                                                       
                                                                              
Dividends                        -         -          -    (43,200)   (43,200)
                                                                              
Total transactions with          -         -          -    (43,200)   (43,200)
owners                                                                        
                                                                              
Balance at 31st December   360,000    77,319    319,546  3,702,268  4,459,133 
2009                                                                          
                                                                              
Balance at 1st January     360,000    77,319    319,546  3,702,268  4,459,133 
2010                                                                          
                                                                              
Comprehensive income                                                          
                                                                              
Profit                           -         -          -    945,138    945,138 
                                                                              
Other comprehensive                                                           
income                                                                        
                                                                              
Actuarial losses                 -         -          -  (168,000)   (168,000)
recognised directly in                                                        
equity                                                                        
                                                                              
Foreign exchange losses          -         -    (33,254)         -    (33,254)
on re-translation of                                                          
overseas operations                                                           
                                                                              
Adjustment in respect of         -         -          -    137,000    137,000 
minimum funding                                                               
requirement per IFRIC14                                                       
                                                                              
Total other comprehensive        -         -    (33,254)   (31,000)   (64,254)
income                                                                        
                                                                              
Total comprehensive              -         -    (33,254)   914,138    880,884 
income                                                                        
                                                                              
Transaction with owners                                                       
                                                                              
Dividends                        -         -          -    (77,760)   (77,760)
                                                                              
Total transactions with          -         -          -    (77,760)   (77,760)
owners                                                                        
                                                                              
Balance at 31st December   360,000    77,319    286,292  4,538,646  5,262,257 
2010                                                                          



Notes

1. Earnings per share and dividends

Both the basic and diluted earnings per share have been calculated using the
net results attributable to shareholders of T.F. & J.H. Braime (Holdings)
P.L.C. as the numerator.

The weighted average number of outstanding shares used for basic earnings per
share amounted to 1,440,000 (2009 - 1,440,000). There are no potentially
dilutive shares in issue.

    Dividends paid                                           2010        2009 
                                                                              
    Equity shares                                                             
                                                                              
    Ordinary shares                                                           
                                                                              
    Interim of 3.00p (2009 - 1.50p) per share paid on      14,400       7,200 
    1st April 2010                                                            
                                                                              
    Interim of 2.40p (2009 - 1.50p) per share paid on      11,520       7,200 
    15th October 2010                                                         
                                                                              
                                                           25,920      14,400 
                                                                              
    'A' Ordinary shares                                                       
                                                                              
    Interim of 3.00p (2009 - 1.50p) per share paid on      28,800      14,400 
    1st April 2010                                                            
                                                                              
    Interim of 2.40p (2009 - 1.50p) per share paid on      23,040      14,400 
    15th October 2010                                                         
                                                                              
                                                           51,840      28,800 
                                                                              
    Total dividends paid                                   77,760      43,200 
                                                                              

2.  Cash and cash equivalents                                2010        2009 
                                                                              
                                                                £           £ 
                                                                              
    Cash at bank and in hand                            1,844,934   1,947,207 
                                                                              
    Bank overdrafts                                     1,145,421   1,159,966 
                                                                              
                                                          699,513     787,241 


3. Major non-cash transaction

During the year the group acquired tangible assets of £53,050 (2009 - £378,354)
under hire purchase agreements.


4. Basis of preparation

The preliminary announcement has been prepared in accordance with applicable
International Financial Reporting Standards as adopted by the EU and applied in
accordance with the Companies Act 2006.

The accounting policies adopted are consistent with those of the annual
financial statements for the year ended 31st December 2009, as described in
those annual financial statements.

The financial statements have been prepared under the historical cost
convention.


5. Annual general meeting

The annual general meeting of the company will be held in Leeds on Thursday
19th May 2011. Full details will be included in the published annual report and
financial statements, which will be sent to shareholders by the 21st April 2011
and will also be available on the company's web-site (www.braimegroup.com) from
that date.

30th March 2011

For further information please contact:

T.F. & J.H. Braime (Holdings) P.L.C.
D. H. Brown FCA - Financial Director
0113 245 7491

W. H. Ireland Limited
Katy Mitchell LLB
0113 394 6628