Final Results

Highway Capital PLC
28 June 2005


                              HIGHWAY CAPITAL PLC

            PRELIMINARY RESULTS FOR THE YEAR ENDED 28 FEBRUARY 2005

Chairman's Statement

The results for the twelve months ended 28 February 2005 show a loss before tax
of £57,748 (2004: £77,141 loss).

The company had cash at bank and in hand of £645,940 at the balance sheet date.

At this time we do not consider it appropriate to declare a dividend.

During the year the company has continued to keep expenditure to a minimum in
order to preserve cash resources.

The non-executive directors continue, for the time being, to waive the majority
of their fees.

In the interim statement, I informed shareholders that meetings had been held
with a number of parties and discussions were continuing as your board sought
opportunities to maximize the value of the company.

Discussions with two different targets reached advanced stages during the year
but neither reached a conclusion.

At present preliminary discussions are taking place with other possible targets
as your board continues to seek opportunities to maximize the value of the
company.


Dominic Wheatley
Chairman


Profit and Loss Account
                                          Year ended        Year ended
                                         28 February       29 February
                                                2005              2004
                                         (unaudited)         (audited)
                                                   £                 £

Management fees                                    -            20,000
Administrative expenses                      (82,237)         (118,113)
--------------------------              --------------    --------------
Operating loss                               (82,237)          (98,113)
Interest receivable                           24,489            20,972
--------------------------              --------------    --------------
Loss on ordinary activities before
taxation                                     (57,748)          (77,141)
Tax credit on loss on ordinary
activities                                         -               486
--------------------------              --------------    --------------
Loss for the financial year                  (57,748)          (76,655)
Dividends                                          -                 -
--------------------------              --------------    --------------
Retained loss for the financial year         (57,748)          (76,655)
--------------------------              --------------    --------------
Basic and diluted loss per share               (0.73)p           (0.96)p
--------------------------              --------------    --------------

Continuing operations:
There are no acquired or discontinued operations in the above two financial
periods.

Total recognised gains and losses:
The company has no recognised gains or losses other than the profit or loss for
the above two financial periods.


Balance Sheet
                                          28 February      29 February
                                                 2005             2004
                                          (unaudited)        (audited)
                                                    £                £
Fixed assets
Investments                                         -                -
--------------------------               --------------   --------------
                                                    -                -
Current assets
Debtors                                         3,388            4,541
Cash at bank and in hand                      645,940          704,997
--------------------------               --------------   --------------
                                              649,328          709,538
--------------------------               --------------   --------------
Creditors: amounts falling due within
one year                                      (24,512)         (26,974)
--------------------------               --------------   --------------
Net current assets                            624,816          682,564
--------------------------               --------------   --------------
Net assets                                    624,816          682,564
--------------------------               --------------   --------------

Capital and reserves
Share capital                                 158,913          158,913
Share premium                                 295,437          295,437
Profit and loss account                       170,466          228,214
--------------------------               --------------   --------------
Total equity shareholders' funds              624,816          682,564
--------------------------               --------------   --------------

Cash Flow Statement
                                            Year ended      Year ended
                                           28 February     29 February
                                                  2005            2004
                                           (unaudited)       (audited)
                                                     £               £
Net cash outflow from operating
activities                                     (83,546)        (88,492)
--------------------------                --------------  --------------
Returns on investments and servicing of
finance
Interest received                               24,489          20,972
--------------------------                --------------  --------------
Net cash inflow from returns on
investments and servicing of finance            24,489          20,972
--------------------------                --------------  --------------
Taxation
Corporation tax                                      -             486
--------------------------                --------------  --------------
Equity dividends paid                                -               -
--------------------------                --------------  --------------
Decrease in cash                               (59,057)        (67,034)
--------------------------                --------------  --------------


Notes

Basis of preparation:
The preliminary results have been prepared under the historical cost convention
and in accordance with applicable accounting standards. The financial
information set out above does not comprise statutory accounts for the purpose
of section 240 of the Companies Act 1985. The information for the year ended 29
February 2004 has been extracted from the statutory accounts which carried an
unqualified audit report and did not contain any statement under section 237(2)
or (3) of the Companies Act 1985. The statutory accounts for the year ended 29
February 2004 have been delivered to the Registrar of Companies. The auditors
are expected to give an unqualified opinion on the accounts for the year ended
28 February 2005. The statutory accounts for the year ended 28 February 2005
will be delivered to the Registrar of Companies following the Annual General
Meeting.

Loss per share:
The loss per ordinary share calculation has been based on the loss attributable
to ordinary shareholders of £57,748 (2004: £76,655 loss) divided by 7,945,638
(2004: 7,945,638), being the weighted average number of ordinary shares in issue
during the year. The basic and diluted loss per ordinary share figures are the
same.

28 June 2005



                      This information is provided by RNS
            The company news service from the London Stock Exchange