Interim Results

Highway Capital PLC
28 November 2005


                              HIGHWAY CAPITAL PLC

INTERIM REPORT 2005

Chairman's Statement

The results for the six months ended 31 August 2005 show a loss before tax of
£26,932 (2004: £26,102 loss).

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

In the last annual statement, I informed shareholders that preliminary
discussions were taking place with other possible targets. To date none have
been suitable.

Target companies continue to be identified and evaluated as the board seeks
opportunities to maximize the value of the company.

I will report to you as soon as there are positive developments.

Dominic Wheatley
Chairman

28 November 2005


Income Statement                       6 months ended   6 months ended
                                       31 August 2005   31 August 2004
                                          (unaudited)      (unaudited)
                               Notes            £'000            £'000

Revenue                                             -                -
Administration expenses                           (39)             (38)
                                                 -----            -----
Operating loss                                    (39)             (38)
Finance income                                     12               12
                                                 -----            -----
Loss before taxation                              (27)             (26)
Tax on loss                                         -                -
                                                 -----            -----
Loss attributable to
 equity holders                                   (27)             (26)
Dividends                                           -                -
                                                 -----            -----
Retained loss for the period                      (27)             (26)
                                                 =====            =====
Loss per share                   2              (0.34)p          (0.33)p
                                                 =====            =====
Dividends per share              3                  -                -
                                                 =====            =====


Balance Sheet                          31 August 2005   31 August 2004
                                          (unaudited)      (unaudited)
                                                £'000            £'000
Fixed assets
Investments                                         -                -
                                                 -----            -----
                                                    -                -
Current assets
Debtors                                             8                8
Cash at bank and in hand                          629              666
                                                 -----            -----
                                                  637              674
Creditors: amounts falling due
 within one year                                  (39)             (18)
                                                 -----            -----
Net current assets                                598              656
                                                 -----            -----
Net assets                                        598              656
                                                 =====            =====
Capital and reserves
Share capital                                     159              159
Share premium                                     295              295
Profit and loss account                           144              202
                                                 -----            -----
Total equity holders' funds                       598              656
                                                 =====            =====


Cash Flow Statement                    6 months ended    6 months ended
                                       31 August 2005    31 August 2004
                                          (unaudited)       (unaudited)
                                       £'000    £'000    £'000    £'000
Net cash outflow from
 operating activities                             (29)              (51)
Returns on investments and
 servicing of finance
Dividends received                         -                 -
Interest received                         12                12
                                        -----             -----
                                                   12                12
Equity dividends paid                               -                 -
                                                 -----             -----
Decrease in cash                                  (17)              (39)
                                                 =====             =====


Notes to the Interim Statement

1.  Basis of preparation of the interim statement

    The profit and loss account, balance sheet and cash flow statement have been
    prepared on a basis consistent with the financial statements for the year
    ended 28 February 2005. A copy of the full financial statements for the year
    ended 28 February 2005, on which the auditors have issued an unqualified
    report, has been delivered to the Registrar of Companies. The financial
    information contained in the interim statement does not constitute statutory
    accounts within the meaning of section 240 of the Companies Act 1985. There
    are no acquired or discontinued operations in the above two financial
    periods.

    Highway Capital plc is a stand-alone company and does not prepare
    consolidated accounts. It has therefore continued to prepare its accounts in
    accordance with UK rather than international accounting standards, as
    permitted under EC Regulation 1606/2002.

2.  Loss per share

    The loss per ordinary share calculation has been based on the losses
    attributable to ordinary shareholders of £27,000 (2004: £26,000), divided by
    7,945,638 (2004: 7,945,638) being the average of the issued share capital
    during the period.

    There is no difference between basic and diluted loss per share.

3.  2005 interim dividend

    No interim dividend has been declared.

4.  Publication

    Copies of this statement will be circulated to all shareholders and will
    also be available from the company's registered office at 2 Fitzhardinge
    Street, London W1H 6EE.




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