Interim Results

CCH International plc
08 September 2006


Press Release                                                   8 September 2006
                             CCH International plc

                    ('CCH' or 'the Company' or 'the Group')

             Interim results for the six months ended 30 June 2006


CCH International plc (AIM: CCH), the trade finance group, today announces its
interim results for the six months ended 30 June 2006.


Highlights
     
•    turnover increased to £7.85 million (1H 2005: £970,095)
•    pre-tax profit increased to £1.6 million (1H 2005: £43,060)
•    gross profit increased to £3.05 million (1H 2005: £613,358)
•    earnings per share increased to 1.09 pence (1H 2005: 0.09 pence)
•    maintains leading market position in Sharia-compliant trade finance 
     products
•    undertaken first trade finance transaction in the Russian market
•    agreement with Bill Express Limited (ASX: BXP) of Australia to implement an 
     A$80 million five-year Sharia-compliant trade finance facility


Highlights from the current trading period

•    US$ 20 million Sharia compliant Morabaha facility extended to Globexbank, 
     Moscow
•    multiple deals to the value of US $36 million with Turkish GISAD group
•    commitment to increase liquidity in the Company's shares this year

Commenting on the 2006 interim results, Eren Nil, Managing Director of CCH,
said: 'We are delighted with the performance in the first half of this year.
Strong demand for Sharia compliant trade finance facilities continues to drive
sales and we are also pleased that the scope of our reach has expanded to
include a wider range of markets.  The second half of 2006 has started well, and
we are confident that we will be able to continue to deliver sustainable growth,
not just for the rest of this year but into 2007 and beyond. '


                                    - ends -


For further information, please contact:

 CCH International plc                                 www.cch-international.com
 Eren Nil, Managing Director                           Tel: [phone]
 Richard Fossett, Director and COO
 [e-mail]
 [e-mail]

Media enquiries:
 Abchurch Communications                                  www.abchurch-group.com
 Charlie Jack / Hugh Barker                            Tel: [phone] 
 [e-mail]
 hugh.barker @abchurch-group.com


Chairman and Chief Executive's statement

We are pleased to report that the results for the first half of 2006 have been
dominated by the growing strength of the Group's profitability.  Profit before
tax was £1,604,425 compared with £43,060 during the same period last year.
Earnings per share were up 12 times to 1.09 pence.  The vast majority of this
significantly improved profit emanated from the Group's Sharia compliant Islamic
trade finance activities.

During this period we have entered into a number of significant international
transactions, thus further establishing CCH International as one of the most
active players able to structure trade finance products in an Islamically
acceptable fashion.  There is an almost daily increase in demand for these
products from investors wishing to invest in a Sharia compliant manner.  Our
funding lines are currently running at over US$ 280 million, enabling the Group
to finance more than US$1 billion of 90-day short-term trade finance products
and we are looking to increase and diversify our funding lines to meet growing
demand.

As pointed out in our 2005 Annual Report, your Board intends to increase
liquidity in the Company's shares to facilitate greater volumes of trade and
this is to be achieved in the very near future.

With offices in England, Germany and Bahrain, together with strategic alliances
in Turkey, UAE, Australia and USA, we plan to further strengthen our position in
our markets.  Our funding lines continue to grow and support our deal flow which
remains very strong.

Your Board is confident that the Group will continue to maintain its pace of
growth whilst further developing Sharia-compliant product offerings in our niche
markets, including project finance and leasing.

In the first half of this year we have secured a number of important contracts
both in terms of value and geographical reach.

In April, we announced an agreement with Bill Express Limited (ASX: BXP) of
Australia to implement an A$80 million five-year Sharia-compliant trade finance
facility.  This facility is believed to represent the first Sharia-compliant
trade finance facility of this size provided to a listed Australian company,
while it was the single largest transaction for CCH with one customer.

In addition we announced an agreement between CCH and Basaran Gida Ticaret ve
Turizm Isletmeleri of Turkey to implement a one year US$30 million
Sharia-compliant hazelnut export finance facility.  This transaction followed on
from a previous US$12 million financing program between CCH and Basaran that
started in 2003 and was successfully repaid in early 2006.

In June, we agreed multiple financing facilities for GISAD, a leading Turkish
export trade group. We are currently looking at several other transactions with
GISAD and hope to be able to make similar announcements about these in the near
future.

We continue to expand geographically and recently entered into our first
sharia-compliant finance transaction in the Russian market which we reported in
July.

Our achievements would not have been possible without the contribution made by
our Directors, employees and the financial institutions that support our
products, for which we are very grateful.

In conclusion, the opportunities for CCH International within a strong and
growing trade finance market for transactions structured both Islamically and
conventionally remain excellent.  The Group's performance speaks for itself and
we expect CCH International to continue to deliver shareholder value.  We look
forward to reporting positively on the results for the year ending 31 December
2006.


Ian Salter                                   Erin Nil
Chairman                                     Chief Executive



CCH INTERNATIONAL PLC
CONSOLIDATED PROFIT AND LOSS ACCOUNT
FOR THE SIX MONTHS TO 30 JUNE 2006

                                                           Six months            Six months
                                                           to 30 June            to 30 June
                                                                 2006                  2005
                                                          (Unaudited)           (Unaudited)
                                                                    £                     £

Turnover                                                    7,850,359               970,095

Cost of sales                                             (4,804,497)             (356,737)

Gross profit                                                3,045,862               613,358

Administrative expenses                                   (1,492,131)             (571,412)

Operating profit/(loss)                                     1,553,731                41,946

Finance fees receivable                                        51,530                 1,114
Finance fees payable and similar                                (836)                     0
charges

Profit/(loss) on ordinary activities before                 1,604,425                43,060
taxation

Tax on profit on ordinary                                   (738,270)                 (580)
activities

Profit on ordinary activities after taxation                  866,155                42,480

Earnings per share
Basic earnings per share                                        1.09p                 0.09p


Turnover is derived wholly from continuing activities


CCH INTERNATIONAL PLC
CONSOLIDATED BALANCE SHEET
AT 30 JUNE 2006

                                                                30 June          30 June
                                                                   2006             2005
                                                            (Unaudited)      (Unaudited)
                                                                      £                £
FIXED ASSETS

Tangible assets                                                  64,304          178,382
Intangible assets                                               535,444          542,683
Investments                                                     146,287                -

                                                                746,035          721,065

CURRENT ASSETS

Debtors                                                     187,528,929       44,332,848
Cash at bank                                                  6,694,230        2,173,520

                                                            194,223,159       46,506,368

CREDITORS: Amounts falling due within one year              191,779,681       45,590,256

NET CURRENT ASSETS                                            2,443,478          916,112

TOTAL ASSETS LESS CURRENT LIABILITIES                         3,189,513        1,637,177

CAPITAL AND RESERVES

Called-up equity share capital                                1,441,269        1,441,269
Share premium account                                         1,211,266        1,211,266
Other reserves                                                   76,751           77,019
Profit and loss account                                         460,227      (1,092,377)

SHAREHOLDERS' FUNDS                                           3,189,513        1,637,177


CCH INTERNATIONAL PLC
CONSOLIDATED CASH FLOW STATEMENT
FOR THE SIX MONTHS ENDED 30 JUNE 2006
                                                                         Six months          Six months
                                                                         to 30 June          to 30 June
                                                                               2006                2005
                                                                        (Unaudited)           (Audited)
                                                                                  £                   £

NET CASH OUTFLOW FROM OPERATING ACTIVITIES                             (64,303,149)        (32,390,858)

RETURNS ON INVESTMENTS AND SERVICING OF FINANCE
Finance fees received                                        51,530                               1,114
Finance fees paid                                             (836)                                   -

NET CASH OUTFLOW FROM RETURNS ON INVESTMENTS AND                             50,694               1,114
SERVICING OF FINANCE

TAXATION                                                                   (42,397)               (580)

CAPITAL EXPENDITURE AND FINANCIAL INVESTMENT
Purchase of tangible fixed assets                           (9,704)                            (38,495)
Purchase of intangible fixed assets                               -                           (568,610)
Purchase of listed investment                              (96,338)                                   -

NET CASH OUTFLOW FROM CAPITAL EXPENDITURE AND                             (106,042)           (607,105)
FINANCIAL INVESTMENT

FINANCING
Increase in bank finance                                 62,703,226                          34,121,679
Proceeds from share issue                                         -                           1,190,476
Own shares                                                        -                           (300,000)

                                                                         62,703,226          35,012,155

(DECREASE)/INCREASE IN CASH                                             (1,697,668)           2,014,726



CCH INTERNATIONAL PLC
NOTES TO THE INTERIM REPORT
FOR SIX MONTHS ENDED 30 JUNE 2006


Notes:
     
1.   The financial statements have been prepared in accordance with applicable 
     UK accounting standards and under the historical cost convention. The 
     principal accounting policies of the company are set out in the company's 
     2005 annual report.
     
2.   The financial information set out above does not constitute statutory 
     accounts as defined in section 240 of the Companies Act 1985. Statutory 
     accounts for the fourteen Months to 31 December 2005, on which the report 
     of the auditors was unqualified, have been filed with the Registrar of 
     Companies.

3.   Basic earnings per share is based on the profit after tax of £866,155 
     (2005: £42,480) and the weighted number of shares in issue and held outside 
     of the group of 79,682,539 (2005: 46,613,756).

4.   The directors are not declaring a dividend for the period.

5.   Copies of this report are being sent to all shareholders and can be viewed 
     on the company's web-site 'www.cch-international.com'



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