Vimio PLC

Interim Results


                                                               16 December 2005

                   Vimio Plc ('the Group' or 'the Company')                    

                                Interim Results                                

             For the period from 1 April 2005 - 30 September 2005              

Chairman's Statement

Introduction

I am pleased to present the first report of Vimio plc ('the Group') to
shareholders since its admission to the Alternative Investment Market ('AIM')
on 2 September, 2005. The results cover the period from 1 April, 2005 to 30
September, 2005.

In the six month period to 30 September, 2005 the primary focus has been on the
AIM listing which was completed on 2 September, 2005 when the group placed
5,600,000 ordinary shares at £1 per share which raised approximately €8,200,000
(£5,600,000). We are delighted to have the support of our new shareholders.

The placing strengthened our balance sheet, enabled us to capitalise on our
technical competitive advantages and provided us with the resources to expand
the Group's business in key geographical regions. Additionally, the proceeds of
the placing will fund the ongoing technical research and development to enhance
the Group's product offerings and the acquisition of content specific to our
customers' requirements.

Results summary

Sales for the six month period ending 30 September, 2005 were €214,000. The
loss in the period was €1,006,000. This figure reflects increased expenditure
on product development and the expansion of our core team of experienced
professionals. The Group has a healthy cash position and we continue to manage
our resources tightly.

The group has prepared consolidated accounts for the 6 months from 1 April,
2005 to 30 September, 2005 in compliance with AIM rules. Comparative figures
for the six months ended 30 September 2004 are not included as the trading
subsidiaries were only acquired on 22 April 2005 and the Company only commenced
trading on 22 April 2005. The Group will produce audited financial statements
for the year ended 31 December, 2005 and thereafter interim reporting for the
six months ended 30 June 2006.

Business Development and Strategy

This has been a period of continued operational progress and exciting
developments. We continue to develop our technological solutions and to develop
business relationships particularly in the Middle East where our customers have
introduced live television over their mobile networks. We are also working with
these customers to deploy value added content services over their networks.

In addition, significant progress was achieved with Samsung Electronics, one of
the world's leading handset manufacturers. Subsequent to the period under
review, the Company entered into a strategic partnership and licence agreement
to embed the Group's audio and video software in Samsung's mobile phones.

Part of our strategy for geographical expansion is to enter into joint venture
agreements and strategic partnerships. It is the board's experience that
significant benefit will accrue to the Group through this strategy. Our product
offerings together with local management talent will facilitate an accelerated
route to market and quicker access to subscribers. The board is pleased that we
have made progress and are currently in negotiations in key geographical
regions including, China, the Middle East and India. The group has continued to
develop its strategy to provide a global network operations centre that will
operate alongside regional data centres.

We continue to acquire the rights to tailored content offerings in line with
the increasing demand for more sophisticated content aligned to specific market
needs.

Outlook

It is our considered view that advanced mobile entertainment services
including, live television, full music and video downloads will achieve mass
market acceptance over the next 12 - 18 months, as evidenced by the recent
growth in sales of advanced mobile handsets throughout the world. In addition,
the drive by network operators to increase revenue per subscriber creates
significant opportunities for our business.

The Group is well positioned to take advantage of these developments and we are
confident of further progress in the near future and beyond. We continue to
develop and enhance our product offerings and the momentum in our business is
strong.

Fran Rooney

Chairman

Consolidated Profit and Loss Account

For the period from 1 April 2005 to 30 September 2005

                                                        Notes       Period from
                                                                               
                                                                   1 April 2005
                                                                               
                                                                          to 30
                                                                 September 2005
                                                                    (Unaudited)
                                                                               
                                                                              €
                                                                               
Turnover                                                                214,125
                                                                               
Cost of sales                                                           (4,128)
                                                                               
Gross profit                                                            209,997
                                                                               
Research and development costs                                        (453,402)
                                                                               
Administration costs                                                  (705,272)
                                                                               
Operating loss                                                        (948,677)
                                                                               
Interest receivable                                                      11,222
                                                                               
Interest payable and similar charges                                   (68,520)
                                                                               
Loss on ordinary activities before taxation                         (1,005,975)
                                                                               
Taxation on ordinary activities                                               -
                                                                               
Loss on ordinary activities after taxation                          (1,005,975)
                                                                               
Dividend                                                  2                   -
                                                                               
Loss for the financial period                                       (1,005,975)
                                                                               
Loss per share (Basic and Diluted)                        3               0.048

Consolidated Statement of Total Recognised Gains and Losses

For the period from 1 April 2005 to 30 September 2005

                                                                    Period from
                                                                   1 April 2005
                                                                          to 30
                                                                      September
                                                                           2005
                                                                               
                                                                    (Unaudited)
                                                                               
                                                                              €
                                                                               
Loss retained for the period                                        (1,005,975)
                                                                               
Currency translation effect                                               (318)
                                                                               
Total recognised gains and losses for the financial period          (1,006,293)
                                                                               

Consolidated Balance Sheet

As at 30 September 2005

                                                                   30 September
                                                                           2005
                                                                               
                                                                    (Unaudited)
                                                                               
                                                                              €
                                                                               
Fixed assets                                                             54,843
                                                                               
Current assets                                                                 
                                                                               
Debtors                                                                 490,315
                                                                               
Cash at bank and in hand                                              5,336,481
                                                                               
                                                                      5,826,796
                                                                               
Creditors: amounts falling due within one year                        (837,830)
                                                                               
Net current assets                                                    4,988,966
                                                                               
Net assets                                                            5,043,809
                                                                               
Capital and reserves                                                           
                                                                               
Called up share capital                                               1,280,007
                                                                               
Share premium                                                         6,736,960
                                                                               
Merger reserve                                                          460,292
                                                                               
Profit and loss account                                             (3,433,450)
                                                                               
Shareholders' funds - equity                                          5,043,809

Consolidated Cash Flow Statement

For the period from 1 April 2005 to 30 September 2005

                                                                    Period from
                                                                   1 April 2005
                                                                          to 30
                                                                 September 2005
                                                                               
                                                                    (Unaudited)
                                                                               
                                                                              €
                                                                               
Net cash outflow from operating activities                          (1,160,168)
                                                                               
Returns on investment and servicing of finance                                 
                                                                               
Interest received                                                        11,222
                                                                               
Interest paid                                                          (68,520)
                                                                               
                                                                       (57,298)
                                                                               
Taxation                                                                       
                                                                               
Corporation tax paid                                                    (5,921)
                                                                               
Capital expenditure and financial investment                                   
                                                                               
Purchase of tangible assets                                            (12,987)
                                                                               
Cash outflow before use of liquid resources and financing           (1,236,374)
                                                                               
Financing                                                                      
                                                                               
Capital element of finance lease payments                               (5,016)
                                                                               
Repayment of directors' loans                                         (550,125)
                                                                               
Issue of shares                                                       7,016,960
                                                                               
Net cash inflow from financing activities                             6,461,819
                                                                               
Movement in cash                                                      5,225,445

Notes to the Financial Information

1. Statutory Accounts and Comparatives

This statement does not comprise statutory accounts. No comparative figures
have been included in the financial information as this information is not
readily available. The company did not commence to trade until June 2005. On 22
April 2005, the company completed a share for share swap with Mobile Integrated
Solutions Limited, effecting a group reconstruction. Audited consolidated
accounts for Mobile Integrated Solutions Limited were prepared for the three
month period ended 31 March 2005 and year ended 31 December 2004 and are
included in the Admission Document. The Group will prepare audited financial
statements for the year ended 31 December 2005 including comparative figures.
Thereafter it will report its interim results for the six months ending 30 June
2006.

2. Dividends

There being no distributable reserves, no interim dividend can be paid for the
six months to 30 September 2005.

3. Loss per share

The calculation of the loss per share is based on the loss attributable to the
ordinary equity shareholders divided by the weighted average of 20,856,971
ordinary shares of €0.05 each in issue, during the period.

4. Interim report

This interim financial information was approved by the Board of Directors on 16
December 2005.

This report will be sent to all shareholders and copies are available from the
Company's registered office at 12 Windsor Place, Lower Pembroke Street, Dublin
2, Ireland and on the Company's website - www.vimio.com.

Further Enquiries:

Vimio Plc                                                                 
                                                                          
Malachy Harkin                                        Tel: +353-1-644 9500
                                                                          
John East & Partners Limited                                              
                                                                          
Jeffrey Coburn                                          Tel: 020 7628 2200