Interim Results

9999 plc 29 September 2006 9999 Plc INTERIM FINANCIAL REPORT FOR THE PERIOD ENDED 30 JUNE 2006 Chairman's Statement Since coming to the market the Board has been, and is continuing to seek and identify appropriate investment opportunities. Following the company's EGM on 21st August I have assumed my position as Executive chairman of 9999 Plc and will lead the company in making its first acquisition. Reg Pomphrett has also now been appointed as a non-executive director of the company. The Company's shares were suspended on 31 March 2006 pending completion of a substantial investment transaction. I am pleased to report that 9999 Plc is continuing to conduct due diligence on a company in the outsourcing sector with the aim of making an acquisition. Results The Company's cash balance as at 30 June 2006 was Â£201,137. The Company's cash balances have since been increased by the successful completion of the share subscription at the company's recent EGM. The Directors have placed the Company's free cash balances in interest bearing deposit accounts with its bankers. I look forward to updating you further on our progress. Dr MS Kalairajah Executive Chairman 28 September 2006 Profit and Loss Account for the period ended 30 June 2006 6 months Period Year ended ended ended 30 June 30 June 31 December 2006 2005 2005 Note Â£ Â£ Â£ Administrative expenses (15,394) (10,537) (33,738) Loss on ordinary activities before interest (15,394) (10,537) (33,738) Interest receivable 3,062 1,109 4,365 Loss on ordinary activities after taxation (12,332) (9,428) (29,373) Tax on ordinary activities - - - Loss on ordinary activities after taxation (12,332) (9,428) (29,373) Loss per share: Basic 2 (0.027)p (0.021)p (0.065)p Fully diluted 2 (0.024)p (0.018)p (0.058)p There were no recognised gains or losses other than as set out above. All activities are ongoing. Balance Sheet 30 June 30 June 31 December 2006 2005 2005 Note Â£ Â£ Â£ Current assets Cash at bank and in hand 201,137 219,472 206,833 Prepayments 3,825 - - 204,962 219,472 206,833 Creditors: amounts falling due within one year (21,032) (3,265) (10,571) Net current assets 183,930 216,207 196,262 Total assets less current liabilities 183,930 216,207 196,262 Creditors: amounts falling due after more than one year - - - Net assets 183,930 216,207 196,262 Capital and reserves Share capital 3 112,500 112,500 112,500 Share premium account 113,135 113,135 113,135 Profit and loss account (41,705) (9,428) (29,373) Shareholders' funds - equity 183,930 216,207 192,262 Statement of Cash flows 6 months Period Year ended ended ended 30 June 30 June 31 December 2006 2005 2005 Note Â£ Â£ Â£ Net cash outflow from operating 4 activities (8,758) (7,272) (23,167) Returns on investments and servicing of finance Interest received 3,062 1,109 4,365 Net cash flow before financing (5,696) (6,163) (18,802) Financing Issue of ordinary share capital - 300,000 300,000 Costs of issue of share capital - (74,364) (74,365) (Decrease)/Increase in cash (5,696) 219,472 206,883 Reconciliation of net cash flow to movement in net debt (Decrease)/Increase in cash in the period (5,696) 219,472 206,833 Net funds at start of period/incorporation 206,833 - - Net funds at 30 June 2006/ 31 December 2005 5 201,137 219,472 206,833 Notes to the Interim Financial Report 1. Basis of preparation The interim financial report for the period ended 30 June 2006 was approved by the Board of 9999 Plc ('the Company') on ( ) September 2006. The interim financial report has not been audited and does not constitute statutory financial statements for the purposes of section 240 of the Companies Act 1985. The interim financial report has been prepared using accounting policies consistent with those used in preparing the Company's audited financial statements for the year ended 31 December 2005. The Company's audited statutory financial statements respect of the period ended 31 December 2005 which contained an unqualified audit opinion, have been filed with the Registrar of Companies. 2. Loss per share Basic loss per share is calculated on the basis of the net loss attributable to ordinary shareholders divided by the weighted average number of shares in issue during the period. Diluted loss per share represents basic loss per share after allowing for the dilutive effect of the conversion into ordinary shares of the weighted average number of options outstanding during the period. The total number of shares in issue used to calculate the diluted earnings per share in the period ended 30 June 2006 was 51,000,000. 3. Share capital 31 30 June 30 June December 2006 2005 2005 Â£ Â£ Â£ Authorised 400,000,000 ordinary shares of 0.25p each 1,000,000 1,000,000 1,000,000 Allotted, called up and fully paid 45,000,000 ordinary shares of 0.25p each 112,500 112,500 112,500 The Company was incorporated on 8 March 2005 with an authorised share capital of Â£1,000,000 divided into 1,000,000,000 ordinary shares of 0.1 pence each, of which 2 were issued fully paid to subscribers. Subsequently, on 10 March 2005, an additional 3 ordinary shares of 0.1 pence each were issued. On 10 March 2005 resolutions were passed consolidating the Company's share capital into Â£1,000,000 divided into 400,000,000 0rdinary shares of 0.25 pence each, authorising the directors to allot relevant securities, dis-apply pre-emption rights and authorising the directors to grant options. Subsequently, on 10 March 2005, the Company issued 19,999,998 new ordinary shares fully paid to subscribers at 0.25 pence per share. 0n 31 March 2005, a further 25,000,000 new ordinary shares of 0.25 pence per share were issued at the placing price of 1 pence per share. At that date there were 45,000,000 ordinary shares of 0.25 pence in issue, all fully paid. At 30 June 2005 the Company had issued options to subscribe for 5,000,000 ordinary shares to the executive directors of the Company and a further 1,000,000 ordinary shares to the non-executive director of the Company, all at 1 pence per share. The options issued to the executive directors are exercisable at any time up to five years from the date of admission to AIM provided that the Company has successfully completed its first investment transaction within 12 months of admission. The non-executive options are exercisable at any time up to five years from the date of admission to AIM. 4. Net Cash Outflow from Operating Activities 6 months Period Year ended ended 30 ended 30 31 December June 2006 June 2005 2005 Â£ Â£ Â£ Operating loss (15,394) (10,537) (33,738) Increase in Creditors 10,461 3,265 10,571 Incease in prepayments (3,825) - - (8,758) (7,272) (23,167) 5. Analysis of Net Debt At 1 January At 30 June 2006 Cash flow 2006 Â£ Â£ Â£ Cash at bank and in hand 206,833 (5,696) 201,137 Bank overdrafts - - - 206,833 (5,696) 201,137 A copy of this interim financial report which does not constitute statutory accounts for the Company, is being sent to all shareholders and further copies are available from the Company's Registered Office at the address below: 9999 Plc, Third Floor, 3 College Approach, Greenwich, London SE10 9HY. This information is provided by RNS The company news service from the London Stock Exchange

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