Half-yearly Report

21 December 2009 Trafalgar New Homes PLC (The "Company" or "Trafalgar") Interim Results for the Six Months Ended 30 September 2009 Chairman's statement I am pleased to announce the interim results for the period which show a small loss helped by the fact that, after a long and protracted negotiation, we sold the land and the part completed development of 9 terraced houses in Mitcham Surrey, to Wandle Housing Association ("Wandle") on 17 June 2009, for the following sums: * Land Â£1,120,672.00 * Building works to date Â£845,430.00 * Less retentions Â£168,077.00 * Amount received Â£1,798,024.10 * Less loans redeemed to principal banker and others Â£1,647,282.51 In addition to the above, a separate agreement has been entered into by Trafalgar New Homes plc to complete the development for the sum of Â£833,570.00, payable upon valuation by Wandle's agents, which is currently still under constuction. This transaction was forced upon us due to the current economic crisis and housing 'crash', which was compounded by the fact that Trafalgar's Principal banker would not advance anymore money to complete the development without guaranteed sales and a possible cash input. The scheme will show a loss and there is a shortfall. We are in negotiations with various creditors to persuade the parties to accept shares in lieu of cash. We continue to look for new business opportunities and further announcements will be made when appropriate. Robert Mckendrick 21 December 2009 Executive Chairman The Directors of the issuer accept responsibility for this announcement. For further information please contact: Trafalgar New Homes plc 07836 722840 Andy Moore SVS Securities plc 020 7638 5600 Alex Mattey Trafalgar New Homes PLC Unaudited Profit and loss account for the six months ended 30 September 2009 Six months Six months Ended 30 Ended 30 September September 2009 2008 Unaudited Unaudited Â£ Â£ Turnover 2,113,144 - Cost of sales (2,007,771) - ---------------------------------- Gross profit 105,373 - Administrative expenses (73,907) (22,055) ---------------------------------- Operating Profit/(loss) 31,466 (22,055) ---------------------------------- Profit/ (Loss) on ordinary activities 31,466 (22,055) before interest Interest payable and similar charges (34,340) (14,616) Interest receivable and similar income - - ---------------------------------- (Loss) on ordinary activities before (2,874) (36,671) taxation Tax on loss on ordinary activities - - ---------------------------------- Retained loss for the financial period (2,874) (36,671) ================================== Trafalgar New Homes PLC Unaudited Balance Sheet as at 30 September 2009 Six months Six months Ended 30 Ended 30 September September 2009 2008 Unaudited Unaudited Â£ Â£ Fixed Assets 415 554 -------------------------------- 415 554 Current Assets Stock - WIP 79,796 1,471,041 Other Debtors 240,596 10,802 Bank Account 50 - VAT 1,595 - -------------------------------- 322,037 1,481,843 Current Liabilities Creditors:short term (225,148) (489,715) Bank Overdraft (59,916) (45,943) -------------------------------- (285,064) (535,658) Current assets less current 36,973 946,185 liabilities Total assets less total liabilities 37,388 946,739 Long term liabilities Bank of Ireland Loan - (849,809) -------------------------------- Total assets less total liabilities 37,388 96,930 ================================ Capital and Reserves Share Capital 281,968 261,828 Reserves (241,706) (128,227) Profit and loss account (2,874) (36,671) -------------------------------- 37,388 96,930 ================================ COPIES OF INTERIM REPORT Copies of the interim report are available from the Company's Registered Office at 3 Caroline Court, 13 Caroline Street, St Paul's Square, Birmingham, B3 1TR. The information in this announcement has not been reviewed by the Company's auditor. D

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