Preliminary Results

Axis Intermodal PLC
30 April 2008


                              Axis Intermodal plc
                            ('Axis' or 'the Group')

     Preliminary Announcement of results for the period to 31 December 2007

Axis Intermodal plc, the European transport equipment and marine container
contract hire group, today announces its preliminary results for the year ended
31 December 2007.

Period highlights


* Launch of the company's new marine container division, SeaAxis

* UK and German fleet increased by 44%

* Revenue increased by 32% in 2007 to £12m (2006: £9m)

* Profit before tax and share based payment increased to £646,000
  (2006: £601,000)

* Earnings per share remained constant at 0.85p

* Final dividend of 0.25p which represents a total dividend of 0.40p
  for the year (2006: 0.30p)

* Fleet under management has increased by £14.6 million

* Expansion of office network to include Hong Kong, Singapore,
  Shanghai and US, including the strengthening of activities in the Benelux, the
  Nordic countries Portugal and Spain


Commenting on the results, Robert J. Montague CBE, Executive Chairman of Axis
Intermodal, said: 'This year has seen positive growth across all our operations.
We are delighted with the early indicators of success for SeaAxis, our new
marine container division. We anticipate continued strong growth over the
current financial year through both organic growth and appropriate acquisitions,
should the opportunity arise. Above all, I feel strongly that working in
partnership with our customers will always be the key to our success.''

                                    - Ends -



Further information:


Axis Intermodal plc
Robert J. Montague, Executive Chairman                 Tel: [phone]
Amy Williams, Business Assistant to Executive Chairman

Stephen Ball, Finance Director                         Tel: [phone]

Strand Partners Limited
James Harris                                           Tel: [phone]

Media enquiries

BOTTLE PR
Rachel Brewin ([e-mail])            Tel: [phone]
Gillian Gibbons ([e-mail])
Claire Cairns ([e-mail])


Editors' Notes:

  * Axis Intermodal was established in 1995 to take advantage of the growing
    market for intermodal Swapbodies; it now manages over 10% of the 7.45m
    European Swapbody contract hire market
  * The Company has over 250 customers in both the UK and Europe including DHL
    Exel, Geopost, Kerry Logistics, Dairy Farmers of Great Britain, Bookers Cash
    and Carry and Freightliners as well as the German, French and Swiss postal
    services
  * SeaAxis is a division of Axis Intermodal plc. established to focus on
    specialist marine container leasing and to market the patented SeaCell2
    cellular palletwide container and other special containers such as reefers,
    flatracks and tank containers
  * As well as agents in all the key European markets (Benelux, Scandanavia,
    Iberia, Italy, Germany and the UK), SeaAxis has now appointed an agent to
    oversee operations in the US and Caribbean
  * SeaAxis also has offices in Hong Kong, Shanghai and Singapore


Axis Intermodal plc
Chairman's statement

Chairman's statement

This has been a very exciting year of opportunity and growth for the Group
especially with the addition of the marine container division branded as Sea
Axis following the grant of a worldwide licence for the very successful
'SeaCell2' pallet wide container.

These opportunities have enabled the Group to expand it's representation to
include the Far East and the US plus, strengthening our activities in the
Benelux and Nordic countries, Portugal and Spain.

Our funding partners have made available capital for the acquisition of trucks,
trailers, swapbodies and containers for us to manage on their behalf and to meet
our client's requirements.

All areas have performed well adding market share in conjunction with the
strengthening of the Axis brand.

Review of Operations

Axis Germany

Axis Germany, based in Cologne, specialises in the contract hire of swap bodies
with the swap body fleet increasing by 33% from 2,488 units to 3,296 during 2007
(at 25 April 2008, the fleet size had grown to 3,420 units) This investment of
more than €5.7m has been financed by a German KG under further management
agreements with Axis for a period of 12 years, on similar terms to those already
in place.

Utilisation reached 93.5% during the year and total revenue increased by 8.8%
with more than 61.5% of the swap body fleet operating under long term contracts.

Axis has been very successful to gain some of the large logistic companies as
clients including DHL, DPD, Hellmann and Swiss postal services and continues to
build these relationships, for example, concluding with DHL during the year a
contract for a further 350 new swap bodies in customer specification under long
term contract.

A full service package of maintenance and repairs is part of the contract hire
agreement which includes a repair-time within 24 hours, daily inspection of
equipment onsite, with highly flexible mobile service-vans. The customer is
therefore able to concentrate on his 'core-business' with Axis ensuring that
units are maintained and comply with the German UVV regulations.

With this repair and service network and depots in Germany, Austria and
Switzerland, Axis is well positioned in the market place and able to offer
dedicated facilities to its customers.

Axis Germany services over 10% of the European swap body rental market (based on
managements' knowledge of the market) and will continue to increase the swap
body fleet in conjunction with its KG partners aiming to become one of the main
rental companies for Intermodal equipment in Europe.


Axis UK

As forecast in the Interim statement, the UK performance for 2007 continued to
make progress in line with expectations

The continued demand in Europe for Trucks and Trailers remains buoyant and
manufacturer's deliveries now extend into Spring 2009. Our decision to forward
order equipment has resulted in us being able to continue to supply customers
with little or no lead in time. This has enabled us to substantially grow the
fleet and our UK customer base. At 31 December 2007 the UK contract hire fleet
stood at 1,168 units, which is a 93% increase for the year (at 25 April 2008,
the fleet size had grown to 1,431 units, representing a growth of 23% on the
year end fleet size). The customer base not only grew by 43% but the
geographical spread of clients is now Cornwall to Scotland. The successful
re-branding of the Axis UK products has greatly enhanced the industry's
perception of Axis as a National and European brand.

We have successfully installed our upgraded Fleet Management System and allied
to the growth of the fleet we have recruited additional experienced staff to the
central customer services centre in Oxford. Whilst our focus has been on growth
we can only continue to expand the brand if our back up service performs to the
highest level. Our commitment to safeguard our customers' Operators Licence
continues to be a top priority. With the introduction of digital technology the
vehicle operator is now even more closely monitored by VOSA to further improve
safety and environmental standards. We take very seriously our responsibility as
the supplier of vehicles in ensuring our customers can be confident in the
quality of maintenance we provide.

Our partnership approach with customers continues to bear fruit. Our Business
managers continue to write profitable new business offering the latest equipment
at a competitive price with top quality service. Repeat business and contracts
gained by word of mouth recommendation is the most pleasing aspect of our
continued success.

With production in place with our chosen manufacturers for 2008 into Spring 2009
we are well placed to meet the predicted future demand of the industry. We look
forward with confidence to a further period of growth for the UK business.

SeaAxis

SeaAxis is the third primary business of the Group and was launched in December
2007 to lease marine containers worldwide. The business is based in the UK and
operates from the Oxford Axis office.

The business will concentrate on the managing of specialised marine containers,
in particular SeaCell2 cellular palletwide boxes, SeaFresh refrigerated
containers, SeaRack flatracks and Sea-Tank tank containers.

The Group has been given by the owners of the patented SeaCell2 design an
agreement to lease SeaCell2s worldwide with only one other lessor holding a
similar worldwide agreement and one other with a regional agreement that is
restricted to Australasia. Our agreement gives Axis the right to lease and sell
SeaCell2s, which are a household name for cellular palletwide containers in the
marine container market.

SeaCell2s bring benefits to the users of containers as shippers can carry more
cargo in each SeaCell2 container than in a standard box. This reduces the cost
of shipping cargo as each Seacell carries more freight and at the same time
reduces the manufacturer's carbon footprint, as fewer SeaCell2s are needed to
carry the cargo.

Offices have been opened in London (for Iberia, Italy, UK/Ireland and South
America), Hong Kong (for China and Far East) and agents appointed in Antwerp
(for Benelux and France) and in Florida (for US and Caribbean).

Equipment has been ordered and deliveries will commence in April 2008.

Board Changes

Since the end of the financial year, I am very pleased to announce that Mr.
Stephen Dexter previously Office Managing Partner of the Oxford office at Grant
Thornton has agreed to join the Board as a Non Executive Director and will Chair
the Audit Committee and also sit on the Remuneration Committee with George
Canvin. Stephen brings a wealth of experience to the Company, having worked with
many AIM listed companies and medium sized businesses.

Management and staff

We are a service business and dependant on the high standards of work ethic and
efforts of all our management and staff. Without their dedication and commitment
we would not be able to continue to develop and maintain such a high standard of
service to our customers. I would like to record my and the Board's gratitude
for their hard work.

Dividend

The Board, having considered the results for the year and the future for the
business, recommends a final dividend of 0.25p producing a total dividend for
the year of 0.40p (2006: 0.30p). An interim dividend was paid to shareholders of
0.15p per share. The final dividend subject to shareholders approval will be
paid on 14 of July 2008 to those shareholders on the register on 23 June 2008.

Outlook

We continue to see tremendous opportunities for growth in all our markets in the
current year. The ability to grow the business through working with our funding
partners and managing assets on their behalf allows us to expand our fleet with
little risk to our Balance Sheet.

Building growth in EPS and profits is our focus. The wealth of experience of our
management team allows us to look forward with confidence to the future of the
Company's continuing growth.

Robert J Montague CBE
Executive Chairman

29 April 2008


Axis Intermodal plc

FINANCIAL REVIEW

Income Statement
Year ended 31 December                               2007      2006
                                                     £000      £000
Revenue                                            12,085     9,148
                                                   ------    ------ 
Profit before interest tax depreciation and         1,359     1,736
share based payment                                                
Net interest                                         (96)     (318)
Depreciation                                        (617)     (817)
                                                   ------    ------
Profit before tax and share based payment             646       601
Share based payment                                  (87)      (72)
                                                   ------    ------
Profit before tax                                     559       529
Tax                                                  (60)      (26)
                                                   ------    ------
Profit after tax                                      499       503
Equity minority interests                               -       (1)
                                                   ------    ------
Retained profit                                       499       502
                                                   ------    ------
  
The above figures have been prepared in accordance with the International
Financial Reporting Standards (IFRS's) as adopted by the European Union.

Revenue in the Group has increased by 32% during the year reflecting the general
growth in the Group's activities.

Group overheads have increased in the year due to additional costs associated
with expansion with interest cover (based on profit before interest, tax and
share based payment) increasing to 6.83 times (2006: 2.9 times).

Balance sheet

At 31 December                                      2007        2006
                                                    £000        £000
Property, plant and equipment                      3,289       2,564
Deferred tax asset                                   104           -
Trade receivables                                  4,515       2,422
Cash and cash equivalents                            359       1,417
Trade and other payables                         (1,702)     (2,370)
Debt - short term                                (1,133)       (717)
Long term debt and provisions                    (3,616)     (1,869)
                                                 -------     -------
Net assets before goodwill                         1,816       1,447
Goodwill                                           3,519       3,519
                                                 -------     -------
Net assets                                         5,335       4,966
                                                 -------     -------

Gearing has increased to 43% from 14% arising from asset acquisitions and
additional working capital requirements.

Fleet numbers

The fleet consisted of the following at 31 December 2007, compared with a year
before.

                                   2007                  2006

Swapbodies                        3,296                 2,488
Trailers                            797                   295
Trucks                              371                   309
Total                             4,464                 3,092


Since the year end, more than 380 units have been added to the overall fleet and
in conjunction with our KG partners orders are in place for a further
substantial increase to the overall fleet.

Foreign exchange

The Group is exposed to fluctuations in the value of the Euro. Overseas trading
results have been translated using a Euro exchange rate of 1.42.

Share price and earnings per share

The price of the Company's ordinary shares as quoted on AIM at the close of
business on 31 December 2006 was 7.75p.

Basic earnings per share for 2007 amounted to 0.85p (2006 restated: 0.85p).


Axis Intermodal plc
GROUP INCOME STATEMENT
For the year ended 31 December 2007

                                                        Year ended   Year ended
                                                         31 Dec 07    31 Dec 06
                                                              £000         £000

Revenue                                                     12,085        9,148
Cost of sales                                              (7,690)      (5,757)
                                                           -------      ------- 
Gross profit                                                 4,395        3,391
Administrative expenses                                    (3,740)      (2,544)
                                                           -------      -------
Profit from operations                                         655          847
Net interest payable                                          (96)        (318)
                                                           -------      -------
Profit before tax                                              559          529
Tax on profit on ordinary activities                          (60)         (26)
                                                           -------      ------- 
Profit on ordinary activities after taxation                   499          503
Equity minority interests                                        -          (1)
                                                           -------      -------
Profit for the financial year                                  499          502
                                                           -------      -------
Basic and diluted earnings per share - pence                  0.85         0.85



Axis Intermodal plc
GROUP BALANCE SHEET
As at 31 December 2007



                                                          2007          2006
                                                          £000          £000
Non-current assets
Intangible assets                                        3,519         3,519
Property, plant and equipment                            3,289         2,564
Deferred tax asset                                         104             -
                                                        ------        ------
                                                         6,912         6,083
                                                        ------        ------     
Current assets
Trade and other receivables                              4,515         2,422
Cash and cash equivalents                                  359         1,417
                                                        ------        ------
                                                         4,874         3,839
                                                        ------        ------
Total assets                                            11,786         9,922
                                                        ------        ------
Equity
Share capital                                            2,943         2,943
Share premium                                            1,070         1,070
Share-based premium reserve                                218           131
Other reserves                                             180           180
Translation reserves                                      (79)          (49)
Retained earnings                                        1,003           691
                                                        ------        ------
Total Equity                                             5,335         4,966

Non-current liabilities
Borrowings                                                 748             -
Customer deposits                                          255           284
Deferred tax liabilities                                   157            46
Obligations under finance leases                         2,456         1,539
                                                        ------        ------
                                                         3,616         1,869
                                                        ------        ------    
Current liabilities
Trade and other payables                                 1,636         2,206
Current tax liabilities                                     66           164
Obligations under finance leases                           574           717
Bank overdrafts                                            559             -
                                                        ------        ------
                                                         2,835         3,087
Total Liabilities                                        6,451         4,956
                                                        ------        ------ 
Total Equity and Liabilities                            11,786         9,922
                                                        ------        ------ 


Axis Intermodal plc
GROUP CASH FLOW STATEMENT
For year ended 31 December 2007

                                                    Year ended    Year ended
                                                     31 Dec 07     31 Dec 06
                                                          £000          £000

Profit before taxation                                     559           529
                                                        ------        ------  
Adjustments for:
Depreciation                                               617           817
(Profit) on disposal of property, plant and               (41)         (258)
equipment
Interest expense                                           112           322
Interest income                                           (16)           (4)
Share based payment                                         87            72
                                                        ------        ------
Operating cashflows before movement in working           1,318         1,478
capital
                                                        ------        ------
(increase) in receivables                              (2,093)       (1,021)
Increase / (decrease) in payables                        (555)           806
                                                        ------        ------    
Cash generated by operations before interest and       (1,330)         1,263
taxation
Interest paid                                            (112)         (322)
Income taxes paid                                        (161)          (38)
                                                        ------        ------    
Net cash (outflow) / inflow from operating             (1,603)           903
activities
                                                        ------        ------
Investing activities
Interest received                                           16             4
Proceeds in disposal of property, plant and                288         4,895
equipment
Purchase of property, plant and equipment                (509)       (1,359)
Acquisition of subsidiary                                    -          (25)
                                                        ------        ------
Net cash from / (used in) investing activities           (205)         3,515
                                                        ------        ------
Financing activities
Dividends paid                                           (187)          (77)
Other new loans raised                                     811           549
Repayments of other loans                                  (2)       (1,342)
Repayments of bank loans                                  (63)         (811)
Repayments of obligations under finance leases           (402)         (883)
                                                        ------        ------
Net cash from / (used in) financing activities             157       (2,564)
                                                        ------        ------
Net (decrease) / increase in cash and cash             (1,651)         1,854
equivalents                                              
                                                        ------        ------
Cash and cash equivalents at beginning of year           1,417           445
                                                        ------        ------
Effect of foreign exchange rate changes                     34             8
                                                        ------        ------    

Cash and cash equivalents at end of year                 (200)         1,417
                                                        ------        ------ 


Axis Intermodal plc
NOTES TO PRELIMINARY ANNOUNCEMENT

1. Publication of non-statutory accounts

The financial information set out in this preliminary announcement does not
constitute statutory accounts as defined in section 240 of the Companies Act
1985.

The summarised balance sheet at 31 December 2007 and the summarised profit and
loss account, summarised cash flow statement and associated notes for the year
then ended have been extracted from the Group's 2007 statutory financial
statements upon which the auditors opinion is unqualified and does not include
any statement under Section 237 of the Companies Act 1985.

These financial statements have not yet been delivered to the registrar of
companies.

Basis of preparation
The financial information has been prepared on the basis of the accounting
policies set out in the Group's 2007 financial statements, and have been
prepared in compliance with EU Adopted International Financial Reporting
Standards (IFRS).


2. Subsidiary undertakings

The subsidiary undertakings are owned directly by Axis Intermodal plc. All
subsidiaries have been consolidated.

                                                                 Formed/        Nature of
                                                 Holding        acquired         business
Trailerent Limited                                  100%      5 Aug 2004    Contract hire
Axis Intermodal GmbH (incorporated in Germany)      100%      6 Aug 2004    Contract hire
Asset Care Transport Solutions Limited              100%     30 Sep 2004      Maintenance
Irfin Limited                                       100%      3 Nov 2004    Contract hire
Axis Intermodal (UK) Limited                        100%     11 Jul 2005    Contract hire
                                                                           

3. Reconciliation of movements in shareholders' funds



                   Share   Share  Share-     Other Translation Retained   Total
                 capital premium   based  reserves     reserve earnings
                                 payment
                                 reserve
Group               £000    £000    £000      £000        £000     £000    £000
At 1 January       2,943   1,070      59       180           -      266   4,518
2006
Net profit for         -       -       -         -           -      503     503
the period
Exchange               -       -       -         -        (49)        -    (49)
differences on
translation of
overseas
operations
Share options          -       -      72         -           -        -      72
expensed
Dividends paid         -       -       -         -           -     (77)    (77)
Equity minority        -       -       -         -                  (1)     (1)
interests  
                    ----    ----    ----      ----        ----     ----    ----            
Balance at 31      2,943   1,070     131       180        (49)      691   4,966
December 2006
                    ----    ----    ----      ----        ----     ----    ----
Net profit for         -       -       -         -           -      499     499
the period
Exchange               -       -       -         -        (30)        -    (30)
differences on
translation of
overseas
operations
Share options          -       -      87         -           -        -      87
expensed
Dividends paid         -       -       -         -           -    (187)   (187)
                    ----    ----    ----      ----        ----     ----    ----
At 31 December     2,943   1,070     218       180        (79)    1,003   5,335
2007
                    ----    ----    ----      ----        ----     ----    ----

4. Earnings per ordinary share

The calculation of the basic earnings per ordinary share is based upon the
profit attributable to ordinary shareholders divided by the weighted average
number of ordinary shares in issue during the period.

5. Annual Report

The annual report and financial statements will be posted to shareholders prior
to 27 May 2007. Further copies will be available after that date from the
Company Secretary, 15 Fenlock Court, Lower Road, Long Hanborough, Oxfordshire,
OX29 8LN.

6. Annual General Meeting

The 2008 Annual General Meeting of Axis Intermodal plc will be held at 15
Fenlock Court, Long Hanborough, Oxfordshire, OX29 8LN on Tuesday, 24 June 2008
at 11.00am.





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