Vimio PLC

Interim Results


                        Embargoed for release at 7.00 a.m. on 28 September 2006

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

                                Interim Results                                

                     For the six months ended 30 June 2006                     

Chairman's Statement

I am pleased to present the interim results of the Group for the six months
ended 30 June 2006.

Turnover for the period was €942,964 (2005: €231,785). Gross profits were €
932,643. As stated below, the group has significantly increased its commercial
activities in a number of territories, leading to a correspondingly larger
level of expenditure. This resulted in a loss before tax of €1,122,312 (2005: €
728,470). The loss per share for the period amounted to 4.38 cents (2005: 9.55
cents). At 30 June 2006 bank balances amounted to €1,926,547 (2004: €58,626).

The Group has made significant progress in the first six months of this year
and this has resulted in a significant uplift in turnover including an initial
contribution from Samsung. We have also seen a substantial increase in
commercial activity and opportunities in all regions and this continues into
the second half of the year.

Most of our revenues to date have been derived from the Middle East. We
continue to make progress in the region and have signed new agreements with
Umniah in Jordan and Al Aqariya, a Dubai-based media organisation, which
streams a range of real estate content to mobile users, both of which will have
a positive impact on our revenues in the future.

In addition, the Group has expanded into new geographical regions including
India and the Caribbean which has resulted in trials and first phase roll outs
of our products and services. Of particular note was our recent announcement
that, in partnership with Indian software group Bharti Telesoft, we have
commenced the implementation of the infrastructure required to deploy live TV
on mobile phones in India, a large and growing market.

The board is pleased with the Group's performance in the first half of the year
and is confident that the strategies being pursued by the Group will result in
accelerated growth and further penetration in existing and new markets. A
number of initiatives are currently ongoing and we expect to be in a position
to announce further agreements in the near future.

David McKenna

Chairman

28 September 2006

ENQUIRIES:

Vimio plc                                                         
                                                                  
Padraic Marren, VP Business       Tel: +353 1 865 2400 / + 353 87 
Development                       6980943                         
                                                                  
Pelham Public Relations           Tel: +44 (0) 20 7743 6679       
                                                                  
Archie Berens                                                     
                                                                  
John East & Partners Limited      Tel: +44 (0) 20 7628 2200       
                                                                  
Jeffrey Coburn                                                    


Consolidated Profit and Loss Account
For the six months ended 30 June 2006

                                         Six months     Six months   Year ended
                                                     ended 30 June             
                                      ended 30 June                 31 December
                                                              2005             
                                               2006                        2005
                                                       (Unaudited)             
                                        (Unaudited)                   (Audited)
                                                                 €             
                                                  €                           €
                                                                               
Turnover                                    942,964        231,785      403,785
                                                                               
Cost of sales                              (10,322)        (6,691)     (12,642)
                                                                               
Gross profit                                932,642        225,094      391,143
                                                                               
Research and development costs            (635,121)      (449,273)    (962,145)
                                                                               
Administration costs                    (1,478,279)      (499,189)  (1,743,381)
                                                                               
Operating loss                          (1,180,758)      (723,368)  (2,314,383)
                                                                               
Interest receivable                          58,630              -       59,210
                                                                               
Interest payable and similar                  (184)        (5,102)     (73,935)
charges                                                                        
                                                                               
Loss on ordinary activities before      (1,122,312)      (728,470)  (2,329,108)
taxation                                                                       
                                                                               
Taxation on ordinary activities             (5,687)              -     (22,325)
                                                                               
Loss on ordinary activities after       (1,127,999)      (728,470)  (2,351,433)
taxation                                                                       
                                                                               
Basic loss per share                       (0.0438)       (0.0955)      (0.108)


Consolidated Statement of Total Recognised Gains and Losses
For the six months ended 30 June 2006

                                           Six months   Six months   Year ended
                                                          ended 30             
                                        ended 30 June         June  31 December
                                                                           2005
                                                 2006         2005             
                                                                      (Audited)
                                          (Unaudited)  (Unaudited)             
                                                                              €
                                                    €            €             
                                                                               
Loss retained for the period              (1,127,999)    (728,470)  (2,351,433)
                                                                               
Currency translation effect                       766          635        (674)
                                                                               
Total recognised gains and losses for     (1,127,233)    (727,835)  (2,352,107)
the financial period                                                           
                                                                               


Consolidated Balance Sheet
As at 30 June 2006

                                              30 June       30 June  31 December            
                                                                            2005            
                                                 2006          2005                         
                                                                       (Audited)            
                                          (Unaudited)   (Unaudited)                         
                                                                             
                                                    €             €            €                       
                                                                              
Fixed assets                                                                  
                                                                              
Tangible assets                               125,094       52,107       137,149
                                                                              
Current assets                                                                
                                                                              
Debtors                                     2,840,271      254,315       616,782
                                                                              
Cash at bank and in hand                    1,929,547       58,626     3,894,203
                                                                              
                                            4,769,818      312,941     4,510,985
                                                                              
Creditors: amounts falling due within       (627,197)  (1,401,852)     (701,202)
one year                                                                      
                                                                              
Net current assets/(liabilities)            4,142,621  (1,088,911)     3,809,783
                                                                              
Total assets less current liabilities       4,267,715  (1,036,804)     3,946,932
                                                                              
Creditors: Amounts falling due after                -    (408,952)             -
more than one year                                                            
                                                                              
Net assets                                  4,267,715  (1,445,756)     3,946,932
                                                                              
Capital and reserves                                                          
                                                                              
Called up share capital                     1,300,007    1,000,007     1,280,007
                                                                              
Share premium                               8,164,976            -     6,736,960
                                                                              
Merger reserve                                460,292      460,292       460,292
                                                                              
Profit and loss account                   (5,657,560)  (2,906,055)   (4,530,327)
                                                                              
Shareholders funds /(deficit) - equity      4,267,715  (1,445,756)     3,946,932


Consolidated Cash Flow Statement
For the six months ended 30 June 2006

                                           Six months  Six months   Year ended 
                                             ended 30    ended 30  31 December 
                                            June 2006   June 2005         2005 
                                                                              
                                          (Unaudited) (Unaudited)    (Audited) 
                                                                              
                                                    €           €            € 
                                                                              
Net cash outflow from operating           (1,914,529)   (758,788)  (2,601,848)
activities                                                                    
                                                                              
Returns on investment and servicing of                                        
finance                                                                       
                                                                              
Interest received                              58,630           -       59,210
                                                                              
Interest paid                                   (184)     (5,102)     (73,935)
                                                                              
                                               58,446     (5,102)     (14,725)
                                                                              
Taxation                                                                      
                                                                              
Corporation tax paid                          (1,163)     (5,190)     (10,988)
                                                                              
Capital expenditure and financial                                             
investment                                                                    
                                                                              
Purchase of tangible assets                  (17,806)     (5,747)    (136,555)
                                                                              
Advance of third party loan               (1,442,585)           -            -
                                                                              
                                          (1,460,391)     (5,747)    (136,555)
                                                                              
Cash outflow before use of liquid         (3,317,637)   (774,827)  (2,764,116)
resources and financing                                                       
                                                                              
Financing                                                                     
                                                                              
Capital element of finance lease payments           -     (5,016)     (11,562)
                                                                              
Loan advanced (to)/by director               (94,653)      68,966    (339,986)
                                                                              
Advance of third party loan                         -     751,762      761,762
                                                                              
Repayment of third party loan                       -           -    (761,762)
                                                                              
Issue of shares                             1,448,016           -    8,247,927
                                                                              
Share issue costs                                   -           -  (1,230,967)
                                                                              
Net cash inflow from financing activities   1,353,363     815,712    6,665,412
                                                                              
Movement in cash                          (1,964,274)      40,885    3,901,296

Notes to the Financial Information

1. Basis of Preparation

The financial statements are prepared under the historical cost convention and
in accordance with financial reporting standards promulgated in Ireland by the
Institute of Chartered Accountants in Ireland.

The group financial information consolidates the financial information of Vimio
plc and all of its subsidiary undertakings made up to 30 June 2006.

The results of subsidiary undertakings acquired or disposed of in the period
are included in the consolidated profit and loss account from the date of
acquisition or up to the date of disposal. Upon the acquisition of a business,
fair values are attributed to the identifiable net assets acquired.

The combination of the businesses, Vimio plc, Vimio (Ireland) Limited, Vimio AB
and Vimio (China) Limited under the criteria of Financial Reporting Standard
No. 6 "Acquisitions and Mergers", has been included in the consolidated
financial statements using merger accounting rules. The results, assets and
liabilities of companies accounted for under these provisions are incorporated
in the financial statements as if these entities had been combined throughout
the entire period, albeit the transaction took place on 22 April 2005. The
merger adjustment, which is the difference between the fair value of the shares
issued to effect the merger and the nominal value of the shares acquired, is
dealt with on consolidation through reserves. All inter-group transactions and
balances are eliminated on consolidation.

2. Tax on ordinary activities

                                        Six months   Six months Year ended 31
                                          ended 30     ended 30 December 2005
                                         June 2006    June 2005              
                                                                    (Audited)
                                       (Unaudited)  (Unaudited)              
                                                                            €
                                                 €            €              
                                                                             
Current taxation                                                             
                                                                             
Ireland                                      5,458            -        14,791
                                                                             
Overseas taxation                              229            -         7,534
                                                                             
                                             5,687            -        22,325

3. Dividends

There being no distributable reserves, no interim dividend can be paid for the
six months to 30 June 2006.

4. 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 25,757,046 (31
December 2005: 21,841,236) ordinary shares of €0.05 each in issue.

5. Interim report

This interim financial information was approved by the Board of Directors on 28
September 2006.

6. Copies of the interim financial statements

Copies of the interim financial statements are available on request from the
Company's registered office at Block F2, Eastpoint Business Park, Fairview,
Dublin 3, Ireland.