Interim Results

29th July, 2004

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

           Interim Results for the six months ended 30th April, 2004           

Silentpoint PLC ('Silentpoint' or the 'Company') today announces results for
the six months to 30th April 2004.

Highlights:

  * Profit before tax £51,470 (2003: loss £11,258)
   
  * Earnings per share of 0.29p
   
  * Acquisition of an interest in Silvermines Media PLC
   
Commenting today Haresh Kanabar, Chairman, said:

'We remain confident that we are in a strong position to be able to capitalise
on our positive cash balance and to generate future growth for shareholders.'

Enquiries:

Smit Berry, Chief Executive, Silentpoint PLC 020 8656 4648

CHAIRMAN'S STATEMENT

I am pleased to report a pretax profit of £51,470 during the first half which
compares to the pretax loss of £11,258 reported at the interim stage last year.

Profits on the sale of investments realised during the first half together with
interest received totalled £105,649 compared to £23,821 in the same period last
year.

We have continued to review a number of companies which have been seeking
capital for the expansion of their business and a public market for their
shares. One of the difficulties of the past few months in putting forward a
proposal for recommendation by shareholders was the buoyant economy and the low
interest rate environment. This not only made it easier for businesses to
finance their growth but, by extension, also lifted vendor expectations on the
prices most felt their businesses could command.

Our view is that a period of higher interest rates and the observation that the
IPO window is shutting once more will create a more conducive environment. We
are therefore optimistic about valuations but should the pendulum swing too far
the other way there is a risk that multiples for quoted companies fall below
those demanded by private ones.

The second half of the year has so far been eventful with new moves in order to
make use of our positive cash balance to generate growth for shareholders. As a
phase of this endeavour and to provide additional flexibility, in June,
pursuant to an offer for subscription, we acquired a holding of 9.28 million
shares in Silvermines Media PLC ('Silvermines'), a company whose shares were
recently admitted to AIM, which represents 40.1% of its issued share capital.
Silvermines has been established to provide the opportunity of financing one or
more growing unquoted companies in the media, marketing and advertising
sectors. A number of opportunities are being examined by its board.

Outlook

We will continue to follow the strategy outlined last year and I take this
opportunity to thank shareholders for their commitment.

Haresh Kanabar

Chairman

Profit and Loss Account

For the six months ended 30 April 2004

                           Notes       Six months      Six months  Period ended
                                            ended           ended              
                                                                  31st October,
                                      30th April,     30th April,          2003
                                             2004            2003              
                                                                      (audited)
                                      (unaudited)     (unaudited)              
                                                                              £
                                                £               £              
                                                                               
Other operating expenses                 (54,179)        (35,079)      (67,790)
                                                                               
OPERATING LOSS                           (54,179)        (35,079)      (67,790)
                                                                               
Investment Income                         105,649          23,821       122,861
                                                                               
PROFIT / (LOSS) ON                         51,470        (11,258)        55,071
ORDINARY ACTIVITIES                                                            
BEFORE TAXATION                                                                
                                                                               
Taxation                     3                  0               0             0
                                                                               
PROFIT / (LOSS) FOR THE                    51,470        (11,258)        55,071
PERIOD                                                                         
                                                                               
Earnings/(Loss) per share    4              0.29p         (0.06p)         0.31p
                                                                               

Balance Sheet

As at 30 April 2004

                            Note            As at          As at          As at
                                                                               
                                      30th April,    30th April,  31st October,
                                             2004           2003           2003
                                                                               
                                      (unaudited)    (unaudited)      (audited)
                                                                               
                                                £              £              £
                                                                               
Fixed Assets                                                                   
                                                                               
Investments                                     -         67,612              -
                                                                               
Current Assets                                                                 
                                                                               
Investments                               299,133              -        359,850
                                                                               
Debtors and prepayments                     5,921          6,659         24,070
                                                                               
Cash at bank and in hand                1,012,326      1,153,268        874,819
                                                                               
                                        1,317,380      1,159,927      1,258,739
                                                                               
Current Liabilities                                                            
                                                                               
Creditors                                (15,732)       (43,690)        (8,561)
                                                                               
Net Current Assets                      1,301,648      1,116,237      1,250,178
                                                                               
Net Assets                              1,301,648      1,183,849      1,250,178
                                                                               
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                 (124,848)      (242,647)      (176,318)
                                                                               
Shareholders' Funds                     1,301,648      1,183,849      1,250,178
                                                                               

Notes to the Interim Results

1. Basis of preparation

The Interim accounts for the six months ended 30th April, 2004 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, 2004.

3. Taxation

On the grounds of brought forward losses there is no taxation charged to the
profit and loss account in this period.

4. Earnings/(Loss) per share

The earnings per share has been calculated by dividing the profit after
taxation for the period of £51,470 (2003: loss £11,258) by the weighted average
number of ordinary shares of 17,500,000 (2003: 17,500,000) in issue during the
period.

5. Copies of the Interim results are available from 84 Addiscombe Road, Croydon
CR0 5PP.