Final Results

Numis Corporation PLC
14 December 2001



           Embargoed for release at 7.00 am Friday 14 December 2001

                            Numis Corporation Plc

            Final Results for the 12 months ended 30 September 2001


Numis Corporation Plc today announces its final results for the 12 months
ended 30 September 2001.


*        Profits before tax and exceptionals £1m (2000:£4m)

*        EPS on the same basis 4.8p (2000:18.2p)

*        Dividend per share 4.25p (2000:4.0p)


Chief Executive's Comments

Oliver Hemsley said:

'During 2000/1, our first full financial year of operation as Numis
Corporation, we have concentrated on laying sound foundations for our future
development. In that context, and in the light of the challenging market
conditions during much of the year, this was a creditable outcome.

The current year has started satisfactorily. We will continue to invest in
high quality people who can add value and reputation to our investment banking
and stockbroking business and, while we remain cautious in current market
conditions, I am confident that we are well placed to benefit as and when our
markets improve.'


For further information, please contact:



Oliver Hemsley     Chief Executive, Numis Corporation Plc     020 7776 1500

Tom Wyatt          Financial Dynamics                         020 7269 7204


Chairman's and Chief Executive's Statement

Results

The Group's profit before tax and exceptional items for the year ended 30
September 2001 was £1.0m (compared with £4.0m for the previous period) with
basic earnings per share, excluding exceptional items, of 4.8p (2000:18.2p).
The Board recommends payment of a dividend of 4.25p per share (2000:4.0p)
which will be payable subject to shareholders' approval on 25 January 2002
(being the day after the Annual General Meeting) to all shareholders on the
register on 11 January 2002.  The dividend increase of 6.25% reflects the
Board's confidence in the future of the business.

Trading overview

Although it is disappointing to report a drop in full year profits, they were
made against a background of falling equity markets and a difficult year for
the Group with the disruption caused by a significant fire at our Cheapside
offices.  All areas of our business, corporate finance, research led
institutional stockbroking and market making have suffered as a result.

Business development

The Group has been successful in attracting a number of well regarded teams
and individuals. We are delighted that they have joined and believe that the
environment we have created, where high quality executives can participate in
the equity of the Group, will be of a major benefit to all shareholders in the
future.  Our specialist sectors now include media, insurance, financials,
retail, food, consumer, support services and life sciences.

Our analytical expertise, both in London and Liverpool, has developed strongly
during the course of the year and Numis Securities has consistently been
ranked very highly in fund manager surveys. The dramatic rise in our profile
amongst institutional investors should bode well for the future of our
business and provides an indication of the level of importance we attach to
investing in high quality research for our clients.

We will, in the New Year, focus our attention on the creation of investment
funds.  These will concentrate on our specialist sectors, leveraging our
existing expertise.

Outlook

We have been busy creating an organisational structure for a strong investment
banking and stockbroking business.  Our professional staff head count has
increased from 25 to 45 over the period under review and we expect this to
increase further as we take advantage of the uncertainty in the markets to
secure high quality individuals and teams who prefer a more dynamic and
entrepreneurial culture.

The current year has started well and we have recently acted as adviser and
broker for two clients in the insurance sector raising in excess of £180m.
Although we remain cautious in current market conditions we are well placed to
benefit from an upturn due to our relatively low cost base, our diverse range
of specialist sectors and our strong balance sheet.

On 10 December 2001 we moved back into our refurbished offices in Cheapside.
We are grateful to all our staff and clients for their forbearance during our
enforced absence from Cheapside and we look forward to the future with
confidence.

David Craig                      Oliver Hemsley
Chairman                         Chief Executive           14 December 2001


Consolidated profit and loss account
For the year ended 30 September 2001

                                                                              
                                2001          2001          2001          2000
                                   £             £             £             £
                           Unaudited     Unaudited     Unaudited       Audited
                            Ordinary   Exceptional         Total              
                          Activities         Items                            
  TURNOVER                                                                    
  Continuing               6,560,086        48,000     6,608,086     9,405,277
  Operations                                                                  
  Discontinued                     -             -             -     2,345,089
  Operations                                                                  
                           6,560,086        48,000     6,608,086    11,750,366
  Discontinued                     -             -             -     (612,881)
  Operations - shared                                                         
  commissions                                                                 
  GROSS PROFIT             6,560,086        48,000     6,608,086    11,137,485
  Administrative                                                              
  expenses                                                                    
  Continuing             (6,112,422)   (1,553,500)   (7,665,922)   (5,167,406)
  Operations                                                                  
  Discontinued                     -             -             -   (2,407,634)
  Operations                                                                  
  OPERATING                                                                   
  PROFIT/(LOSS)                                                               
  Continuing                 447,664   (1,505,500)   (1,057,836)     4,237,871
  Operations                                                                  
  Discontinued                     -             -             -     (675,426)
  Operations                                                                  
                             447,664   (1,505,500)   (1,057,836)     3,562,445

  Share of associated       (43,474)             -      (43,474)       107,500
  undertaking's                                                               
  (loss)/profit                                                               

  Exceptional items                                                           
  - profit on                      -       761,086       761,086             -
  disposal of                                                                 
  tangible fixed                                                              
  assets                                                                      
  - profit on                      -     1,504,560     1,504,560             -
  disposal of fixed                                                           
  asset investments                                                           
  - profit on sale of              -             -             -     1,958,431
  discontinued                                                                
  operations                                                                  

  PROFIT ON ORDINARY                                                          
  ACTIVITIES BEFORE                                                           
  INTEREST                                                                    
  AND AMOUNTS WRITTEN        404,190       760,146     1,164,336     5,628,376
  OFF INVESTMENTS                                                             

  Interest receivable        604,119             -       604,119       344,518
  and similar income                                                          
  Amounts written off              -   (1,460,614)   (1,460,614)             -
  investments                                                                 
  Interest payable           (1,437)             -       (1,437)       (9,504)
  and similar charges                                                         

  PROFIT ON ORDINARY                                                          
  ACTIVITIES                                                                  
  BEFORE TAXATION          1,006,872     (700,468)       306,404     5,963,390
  Tax on profit on         (286,168)       200,694      (85,474)   (1,840,390)
  ordinary activities                                                         

  PROFIT ON ORDINARY                                                          
  ACTIVITIES                                                                  
  AFTER TAXATION             720,704     (499,774)       220,930     4,123,000
  Dividends paid and       (652,260)             -     (652,260)     (599,680)
  proposed                                                                    

  RETAINED                    68,444     (499,774)     (431,330)     3,523,320
  (LOSS)/PROFIT FOR                                                           
  THE YEAR                                                                    

  Earnings per share                                                          
  Basic                                                     1.4p         27.9p
  Diluted                                                   1.3p         26.9p
  Earnings per share                                                          
  excluding                                                                   
  exceptional items                                                           
  Basic                                                     4.8p         18.2p
  Diluted                                                   4.3p         17.5p


Consolidated balance sheet     
At 30 September 2001

                                                                       
                                                      2001           2000
                                                 Unaudited        Audited
                                                         £              £
      FIXED ASSETS                                                       
      Tangible fixed assets                        614,245        164,543
      Fixed asset investments                      773,715        592,222
      Investment in associated undertaking         241,696        129,010
                                                 _________      _________
                                                 1,629,656        885,775
                                                 _________      _________
      CURRENT ASSETS                                                     
      Debtors                                   19,850,958     16,719,216
      Investments                                7,604,284      7,294,488
      Cash at bank and in hand                      97,437      4,024,693
                                                 _________      _________
                                                27,552,679     28,038,397
                                                 _________      _________
      CREDITORS                                                          
      Amounts falling due within one year     (16,823,680)   (16,428,689)
                                                 _________      _________
      NET CURRENT ASSETS                        10,728,997     11,609,708
                                                 _________      _________
      NET ASSETS                                12,358,653     12,495,483
                                                 _________      _________
      CAPITAL AND RESERVES                                               
      Share capital                              3,818,000      3,748,000
      Share premium account                      3,275,925      3,051,425
      Profit and loss account                    5,264,728      5,696,058
                                                 _________      _________
      SHAREHOLDERS' FUNDS                       12,358,653     12,495,483
                                                 _________      _________
          
Consolidated cash flow statement
For the year ended 30 September 2001

                                                                              
                                                            2001          2000
                                                       Unaudited       Audited
                                                               £             £
  Net cash (outflow)/inflow from operating           (2,921,205)     3,134,335
  activities                                                                  
  Returns on investments and servicing                                        
  of finance                                                                  
  Interest received                                      549,630       303,156
  Interest paid                                          (1,437)       (9,504)
  Dividends received                                      54,489        41,362
                                                       _________     _________
  Net cash inflow from returns on                        602,682       335,014
  investments and servicing of finance                                        
  Taxation                                                                    
  Corporation tax paid (including advance            (1,667,354)     (792,536)
  corporation tax)                                                            
  Capital expenditure and financial investment                                
  Purchase of tangible fixed assets                    (676,778)      (61,522)
  Purchase of fixed asset investments                  (587,648)     (510,974)
  Purchase of non-trading investments                          -   (5,000,000)
  Sale of tangible fixed assets                          126,867        17,422
  Sale of fixed asset investments                      1,504,560        37,374
                                                       _________     _________
  Net cash inflow/(outflow)                              367,001   (5,517,700)
  from capital expenditure and financial                                      
  investment                                                                  
  Disposals, net of cash disposed                              -     2,021,040
  Equity dividends paid                                (602,880)     (447,780)
  Financing                                                                   
  Issue of ordinary shares                               294,500        54,300
                                                       _________     _________
  Decrease in cash in the year                       (3,927,256)   (1,213,327)
                                                       _________     _________
  Reconciliation of net cash flow                                             
  to movement in net funds                                                    
  Decrease in cash balances in the year              (3,927,256)   (1,213,327)
  Net funds at the beginning of the year               4,024,693     5,238,020
                                                       _________     _________
  Net funds at the end of the year                        97,437     4,024,693
                                                       _________     _________


NOTES:

1. Exceptional items
                              
                                                                             
                                                                          £     
     
  Profit on disposal of fixed assets following the fire at the      761,086     
  Company's London office at Cheapside House in May 2001                      
  Profit on disposal of fixed asset investment, being 475,000     1,504,560   
  London Stock Exchange Plc shares                                            
  Costs associated with recruiting senior executives of the      (1,553,500) 
  Group                                                                       
  Provision against an investment of the Group and               (1,460,614) 
  a loan made by the Company                                                  
  Fire insurance claim for loss of earnings following the fire       48,000     
  at the Company's London office at Cheapside House in May 2001               
  in respect of commission income and market making profits                   
  Exceptional loss                                                 (700,468)   
     
The Company has yet to finalise its claim with insurers for loss of earnings
following the fire at the Company's London office at Cheapside House in May
2001 in respect of corporate finance income.

2.     Earnings per share

Basic earnings per share is based on profit on ordinary activities after
taxation of £220,930 (2000:£4,123,000) that has been adjusted to £212,250
(2000:£4,116,490) to remove dividends from shares held in the ESOP. Diluted
earnings per share assumes that options outstanding at the end of the
financial year were exercised at the beginning of the financial year, where
the exercise price per share is less than the fair value of the share in the
period.

3.     Earnings per share excluding the exceptional items

Basic earnings per share is based on profit on ordinary activities after
taxation of £720,704 (2000:£2,960,569) that has been adjusted to £712,024
(2000:£2,684,059) to remove the exceptional items and dividends from shares
held in the ESOP. Diluted earnings per share assumes that options outstanding
at the end of the financial year were exercised at the beginning of the
financial year, where the exercise price is less than the fair value of the
price of the share in the period.

                                                                              
                                                            2001         2000   
                                                          Number       Number   
 
  Weighted average number of ordinary shares in       14,932,500   14,733,083 
  issue during the year-basic                                                 
  Effect of options over ordinary shares               1,747,349      587,949   
  Diluted number of ordinary shares                   16,679,849   15,321,032 


4.     Dividend

     A dividend of 4.25p (2000: 4.0p) per ordinary share has been proposed.
This is payable subject to shareholders' approval on 25 January 2002 (being
the day after the Annual General Meeting) to all shareholders on the register
on 11 January 2002.

5. Cash at bank and in hand

The Group's cash at bank and in hand at 30 September 2001 of £97,437 excludes
£5,288,645 of funds held in an RBS International money market fund, available
at one day's notice and included within the investments caption of the
balance sheet. The decrease in cash in the year mainly arose from the
settlement of bargains at the year end date, that reversed shortly thereafter.

6.     Statutory accounts

     This preliminary announcement of results does not constitute statutory
accounts for the year. Statutory accounts for the year are still to be
audited and filed with the Registrar of Companies. It is expected that these
will be available shortly. The results for the year ended 30 September 2000
are an abridged version of the Group's statutory accounts for that year which
received an unqualified auditor's report and have been filed with the
Registrar of Companies.

7.     Further copies

     A copy of the audited Report and Accounts is due to be sent to all
shareholders on or about 21 December 2001. Copies of this announcement are
available free of charge for one month from:

     The Company Secretary
     Numis Corporation Plc
     Cheapside House
     138 Cheapside
     London EC2V 6LH