Final Results

Creightons PLC
26 July 2001

                Creightons plc ('Creightons' or 'the Company')

             Preliminary results for the year ended 31 March 2001



Chairman's Statement

Review of the year

The year ended 31st March 2001 was one of hard work and consolidation, seeing
further major change for Creightons.

Following the failure of the management's proposals to buy-out the toiletries
business, Mr Hamilton resigned from the Board and left the Company. The Board
has continued with the services of Mr Bernard Johnson to manage the business
on a day-to-day basis.

The Company faced a number of challenges, including the need to reduce
operating costs to be more in line with sales volumes which are lower than in
the past few years, and serious consequential overcapacity and under
utilisation of the Company's manufacturing facilities at Storrington.

The Company's cost base has been successfully reduced to the point where it is
sustainable on the existing sales level. The Company is exploring new markets
and developing new products to increase sales levels. This includes exploiting
the Company's existing 'Natural' and haircare brands, and developing unique
new products for sale both under the Company's own brand names and with our
major customers under their name. In addition, the Company has already secured
exports to Australia, and is seeking further export markets for its branded
products. Our sales force has also been focusing on expanding the Company's
branded presence on the High Street, with successful extensions and new
listings in many key chains.

The under utilisation of the Company's site at Storrington has been resolved
by the recent disposal of part of that site, as agreed by shareholders at the
EGM in February, which raised £1.24 million. The Company's production staff
have undertaken a successful reorganisation of the Company's production and
logistics operations.

The Company had been for some time involved in a passing off action taken out
by John Frieda, which has been settled.

With the successful completion of the land disposal and legal case mentioned
above, Roger Lane-Smith, who served as non-executive Chairman since December
1999, resigned from the Board to concentrate on his other business activities.
The Board now comprises myself as executive Chairman, with Ms Carney and Mr
O'Shea as non-executive directors. Both Ms Carney and myself were appointed to
the Board in November 1999, and Mr O'Shea was appointed to the Board following
the resignation of Mr Lane-Smith in May this year.

Your Board's strategy remains as stated in the open offer prospectus dated 15
February 2000. This strategy had been intended to involve entry into
e-commerce. However, as shareholders will be aware, this sector has proved to
be unattractive, and the Board decided to seek alternative opportunities which
will benefit all Creightons' shareholders, whilst using every endeavour to
secure the broad objective within an acceptable timeframe. Consequently,
although this process is taking longer than was originally intended, the Board
believes that the best shareholder value can be obtained in the short term by
developing the Toiletries business along the above lines.

Financial results

Sales in the financial year were £4,404,000 (2000: £5,214,000). Operating loss
this year was significantly reduced at £217,000 (2000: £1,666,000), a
reduction of £1.45 million and losses before tax were improved at £99,000
(2000: £1,825,000), a reduction of £1.73 million. Loss per share was 0.19 p
(2000: 8.5p)

The group's net asset position did not change significantly during the course
of the financial year, despite the disposal of part of the Company's land
holding. Net assets at 31st March 2001 were £1,569,000 compared to net assets
at 31st March 2000 of £1,668,000.

Current year developments

During the current financial year the manufacturing business has been managed
on a day to day basis by Mr Johnson, who is working for the Company under
contract.

The Group continues to operate within its bank facilities, having applied the
proceeds of the land disposal to reduce total bank borrowing. The Board
believes that the volatility in our markets of the recent years is now past
its worst and we look forward to more stable financial prospects over the next
few months.

The Board would like to thank all its employees for their hard work and
dedication.

William McIlroy
Chairman
25 July 2001

Consolidated profit and loss account
For the year to 31 March 2001

                                            2001                    2000
                                       £000        £000        £000        £000

Turnover                                          4,404                   5,214
Cost of sales                         (3,092)                   (4,134)
Exceptional cost of sales                 -                   (273)
Total cost of sales                               (3,092)               (4,407)

Gross profit                                      1,312                     807
Operating expenses                    (1,390)                   (2,146)
Other operating income                   15                       -
Exceptional operating costs           (154)                   (327)
Total operating expenses                          (1,529)               (2,473)

Operating (loss)                                  (217)                 (1,666)
Exceptional Income                                  263                       -
Net interest payable                              (145)                   (159)

Loss on ordinary activities                        (99)                 (1,825)
before taxation
Tax on loss on ordinary                               -                       -
activities

Retained loss for the year                         (99)                 (1,825)

Loss per share                                    (0.19p)                (8.5p)

Loss per share before                             (0.40p)                (5.7p)
exceptional items

Profit/(loss) per share on                        0.21p                  (2.8p)
exceptional items

Diluted loss per share                            (0.19p)                (8.5p)

The turnover and operating loss arose from continuing operations.

The group has no recognised gains or losses other than the above results.

Note on historical cost profits
For the year ended 31 March 2001

                                                               2001        2000
                                                               £000        £000

Reported loss on ordinary activities before taxation           (99)     (1,825)
Difference between the historical cost depreciation               -           -
charge and the actual depreciation charge on the
revalued amount

Historical cost loss on ordinary activities before             (99)     (1,825)
taxation

Historical cost loss retained for the year                     (99)     (1,825)


Consolidated balance sheet
At 31 March 2001

                                            2001                    2000
                                       £000        £000        £000        £000
Fixed assets
Tangible assets                                   2,091                   3,329

Current assets
Stocks                                  579                     806
Debtors                               2,036                     943
                                                  2,615                   1,749
Creditors: amounts falling due                    (3,117)               (2,959)
within one year
Net current liabilities                           (502)                 (1,210)
Total assets less current                         1,589                   2,119
liabilities
Creditors: amounts falling due                     (20)                   (451)
after more than one year
Net assets                                        1,569                   1,668

Capital and reserves
Called up share capital                             517                   4,294
Share premium account                             1,185                   1,185
Capital redemption reserve                           18                      18
Capital reserve                                       7                       7
Special reserve                                      13                      13
Profit and loss account                           (171)                 (3,849)

Equity shareholders' funds                        1,569                   1,668


Exceptional items
                                                               2001        2000
                                                               £000        £000
Exceptional income
Profit on disposal of land and buildings net of                 263           -
shareholder circular costs and costs of moving
production facilities

Exceptional costs
Cost of sales
Compensation for loss of office/redundancy                        -        (88)
Obsolete product range provision                                  -       (185)

                                                                  -       (273)

Operating costs
Compensation for loss of office/redundancy                        -       (327)
Legal fees in respect of passing-off action                   (154)           -

                                                              (154)       (327)


The preliminary statement of results has been agreed with the Company's
auditors, Chantrey Vellacott DFK, who have indicated that they will be giving
an unqualified opinion in their report on the statutory financial statements,
which will be dispatched to shareholders in due course.



Statement of Cash Flows
For the year ended 31 March 2001

                                                              2001         2000
                                                              £000         £000

Cash flow from operating activities                             41        (845)
Returns on investments and servicing of finance              (145)        (159)
Taxation                                                         -            -
Capital expenditure and financial investments                   62        (135)
Cash outflow before management of liquid resources and        (42)       (1,139)
financing
Financing                                                    (190)        1,091
Decrease in cash in the year                                 (232)         (48)


Enquiries

William McIlroy               01903 745 611