Interim Results

Manpower Software PLC
1 March 2001



                         MANPOWER SOFTWARE PLC

      Interim results for the six months ended 30 November, 2000
                         Chairman's Statement

Results

In the first six months of the trading year, the Company made a loss
of £0.49 million on turnover of £1.09 million.  Compared with the
previous six months trading, turnover increased by 26%, total costs
reduced by 16% and losses reduced by 52%.  The progression over the
three latest six monthly trading periods has been as follows:

                         6 months       6 months      6 months
                            ended          ended         ended
                      30 Nov 1999         31 May        30 Nov
                                            2000          2000
                            £'000          £'000         £'000
                                                              
Turnover                      747            864         1,090
Total costs                 2,517          1,884         1,584
                                                              
Loss                        1,770          1,020           494

Review

During the period, the Company's focus has been on sales to the cruise
industry where sales have been made to P&O Princess, Sun Cruises and
Royal Caribbean.  A number of small sales have also been made into the
defence sector.  The Consultancy Division has continued to perform
well in terms of both turnover and profit.  Costs have been tightly
controlled.

The Board has been strengthened by the appointments of Paul Scandrett
as Product Director, responsible for new product and market
development, and John Archibald as Engineering Director, responsible
for software development, implementation and customer support.

The Directors have reviewed the Company's strategy and implemented a
plan to achieve a substantial increase in earnings.  The Company's
products empower customers to enhance their mission critical
deployment of people in complex and changing environments.  The
Company intends to target niche market sectors in which it can take a
leading position supplying its core software applications.

Dividend

The Directors have declared that there will be no interim dividend.

Current Trading and Outlook

The current half-year has started with further orders from Royal
Caribbean and from the MoD Army for use by the Royal Engineers
Territorial Army.  The Company has also sold its Assignment Management
product to a shipping service provider and to the IT department of a
substantial UK company.  The roll-out of the Company's Access Control
product continues at Sun Cruises and prospects for further significant
sales in the cruise industry are very good.  There are also good
opportunities for the Company in the defence sector and these are
being actively pursued.

The Company is presently evaluating a number of specialised market
sectors, with similar needs to our existing customers, where the
Directors believe the Company can achieve a leading position.  To this
end, the Company will strengthen its sales and marketing departments
by further recruitment.  The Directors have also appointed Strand
Partners Limited as corporate advisor to advise the Directors on
strategy, financing and investment opportunities.

We know from satisfied customers that the Company is delivering
valuable products.  By pursuing a niche market strategy, we believe we
can achieve a substantial growth rate of turnover while, at the same
time, keeping costs under tight control.

Finally, I would like to thank all employees for their long hours and
strenuous efforts.  I remain convinced that the Company, in terms of
its products, its opportunities, its ability to implement, its low
cost structure and its dedicated staff, is well placed to achieve very
substantial growth.
                                                              Ian Lang
                                                              CHAIRMAN
                                                                      
                                                          1 March 2001
                         

                            Manpower SoftWare plc                             
                 Consolidated Profit and Loss Account
               For the Six Months Ended 30 November 2000

                                   (Unaudited)   (Unaudited)     (Unaudited)
                                6 months ended      6 months        6 months
                                   30 November         ended           ended
                                          2000        31 May     30 November
                                                        2000            1999
                          Note               £             £               £

Turnover - continuing                1,089,618       864,256         747,363
operations

Cost of sales                        (159,945)     (242,310)               -
                                                                            
Gross profit                           929,673       621,946         747,363

Selling and operational            (1,030,009)   (1,212,130)     (1,764,104)
expenses                                                   
Administrative expenses              (384,767)     (409,564)       (719,687)
                                                                            
Operating loss
Continuing operations                (485,103)     (999,748)     (1,597,453)
Discontinued operations                      -             -       (138,975)
                                                                            
                                     (485,103)     (999,748)     (1,736,428)

Interest receivable                        502           501             874
Interest payable                       (9,848)      (21,344)        (34,722)
                                                                            
Loss on ordinary                     (494,449)   (1,020,591)     (1,770,276)
activities before                                          
taxation

Taxation                    2                -             -               -
                                                                            
Loss for the financial               (494,449)   (1,020,591)     (1,770,276)
period                                                    

Dividends                                    -             -               -
Loss retained                        (494,449)   (1,020,591)     (1,770,276)
                                                           
                                                                            
Loss per share              3          (3.74)p       (8.89)p        (21.59)p
                                                               
Dividends per share         4                -             -               -

There were no recognised gains or losses during the six month periods
above other than the results for the six month periods.



                         Manpower SoftWare plc
                      Consolidated Balance Sheet
               For the Six Months Ended 30 November 2000

                                    (Unaudited)   (Unaudited)    (Unaudited)
                                 6 months ended      6 months       6 months
                                    30 November         ended          ended
                                           2000        31 May    30 November
                                                         2000           1999
                                              £             £              £

Fixed assets                                                                
Tangible assets                         178,743       165,814        193,367
                                                                            
Current assets                                                              
Stocks                                        -             -         99,520
Trade and other debtors                 778,707       623,555        968,829
Cash at bank and in hand                    788           788          7,246
                                        779,495       624,343      1,075,595
                                                                            
Creditors: amounts falling due      (1,294,176)   (1,073,524)    (1,960,229)
within one year                                             
                                                                            
Net current assets                    (514,681)     (449,181)      (884,634)
                                                                            
Total assets less current             (335,938)     (283,367)      (691,267)
liabilities
                                                                            
Creditors: amounts falling due                                              
after more than one year                (6,289)      (23,932)       (45,603)

Net (liabilities)/assets              (342,227)     (307,299)      (736,870)
                                                                            
Capital and reserves                                                        
Called up share capital                 683,322       621,322        410,050
Share premium account                 3,472,533     3,075,012      1,836,122
Profit and loss account             (4,498,082)   (4,003,633)    (2,983,042)
                                                            
Equity shareholders'                  (342,227)     (307,299)      (736,870)
deficit



                         Manpower SoftWare plc
                   Consolidated Cash Flow Statement
               For the Six Months Ended 30 November 2000

                                   (Unaudited)  (Unaudited)    (Unaudited)
                                      6 months     6 months       6 months
                                         ended        ended          ended
                                   30 November       31 May    30 November
                                          2000         2000           1999
                            Note             £            £              £
                             
Net cash outflow from       (i)      (825,296)    (620,151)      (837,308)
operating activities
                                                                          
Returns on investment and                                                 
servicing of finance
                                                                          
Interest received                          502          501            874
Interest paid                          (6,307)     (16,475)       (29,054)
Interest element of finance            (3,541)      (4,869)        (5,668)
lease payments
                                       (9,346)     (20,843)       (33,848)
Taxation                                                                  
                                                                          
UK corporation tax paid                      -            -              -
                                                                          
Capital expenditure and                                                   
financial investment
                                                                          
Payments to acquire tangible          (35,302)     (31,053)        (3,808)
fixed assets
                                                                          
Equity dividends paid                        -            -              -
                                                                          
Cash outflow before                  (869,944)    (672,047)      (874,964)
financing
                                                                          
Financing                                                                 
                                                                          
Issue of ordinary shares               496,000    1,690,174              -
Expenses of share issue               (36,479)    (240,012)              -
Capital element of finance            (22,999)     (15,552)       (25,503)
leases
                                       436,522    1,434,610       (25,503)
(Decrease)/increase in cash  (ii)    (433,422)      762,563      (900,467)
in the year                  
                                                                          
Note i: Reconciliation of operating profit to net cash flow               
from operating activities
                                                           
Operating loss                       (485,103)    (999,748)    (1,736,428)
Depreciation and                        22,373       46,168         23,950
amortisation charges
Loss on disposal of fixed                    -       11,133              -
assets
(Increase)/decrease in               (155,152)      345,274        353,921
debtors
Decrease in work in progress                 -       99,520         20,400
(Decrease)/increase in               (207,414)    (122,498)        500,849
creditors
Net cash outflow from                (825,296)    (620,151)      (837,308)
operating activities
                                                                          
Note ii: Reconciliation of net cash flow to                               
movement in net (debt)/funds
                                              
(Decrease)/increase in cash          (433,422)      762,563      (900,467)
in the period
Cash outflow from decrease in           22,999       15,552         25,503
debt and finance leases
                                                                          
Change in net debt resulting         (410,423)      778,115      (874,964)
from cash flows
New finance leases                           -        6,119       (30,580)
                                                                          
Movement in net (debt)/funds         (410,423)      784,234      (905,544)
in the period
Net debt at beginning of the         (210,255)    (994,489)       (88,945)
period
Net debt at the end of the           (620,678)    (210,255)      (994,489)
period

Note iii: Analysis of net                                                 
(debt)/funds
Cash at bank and in hand                   788          788          7,246
Overdrafts                           (565,385)    (131,963)      (900,985)
Finance leases                        (56,081)     (79,080)      (100,750)
Net debt at end of the               (620,678)    (210,255)      (994,489)
period

Notes:

1. Basis  of  preparation:  The  financial  information  in  these
   statements does not constitute statutory accounts within the meaning
   of Section 240 of The Companies Act 1985.  The results for the periods
   of six months ended 30 November 2000, 31 May 2000 and 30 November 1999
   and the balance sheets at those dates have not been audited, but have
   been reviewed by the Group's auditors, HLB Kidsons.  The comparative
   figures for the six month periods ended 30 November 1999 and 31 May
   2000 do not constitute the Company's statutory accounts for the year
   ended 31 May 2000, but have been extracted from the audited statutory
   accounts of the Group for the year ended 31 May 2000, which were filed
   with  the  Registrar of Companies and carried an unqualified  audit
   report under Section 235 of The Companies Act 1985, and the unaudited
   interim  accounts for the six month period ended 30 November  1999,
   which carried an unmodified review report.  The financial information
   for  all  periods has been prepared on the basis of the  accounting
   policies set out in the accounts for the year ended 31 May 2000.

2. Taxation: There are no tax charges for the half-year as there are
   sufficient tax losses to extinguish any liability for the period.

3. Earnings  per  share:  The  earnings  per  ordinary  share  are
   calculated  by  reference  to  the loss  attributable  to  ordinary
   shareholders.   This calculation was: in the six  months  ended  30
   November  2000, a loss of £494,449 on a weighted average number  of
   ordinary shares in issue during the period of 13,205,671; in the six
   months ended 31 May 2000, a loss of £1,020,591 on a weighted average
   number of ordinary shares in issue during the period of 11,479,754;
   and in the six months ended 30 November 1999, a loss of £1,770,276 on
   a  weighted  average number of ordinary shares in issue during  the
   period of 8,201,000.
   
   The basic and diluted earnings per share are the same as the exercise
   of share options and warrants would have the effect of reducing the
   loss per ordinary share and is therefore not dilutive under the terms
   of Financial Reporting Standard 14.

4. Dividends:  No  dividends have been paid  or  proposed  for  the
   period.

1 March 2001