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Camelot Capital PLC (CMT)

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Tuesday 30 May, 2006

Camelot Capital PLC

Final Results

Camelot Capital PLC
30 May 2006


                              Camelot Capital Plc
                                        
                Final results for the year ended 31 December 2005

Chairman's Statement


The results for Camelot Capital Plc (the 'Company') cover the year ended 31
December 2005.

RESULTS FOR THE YEAR ENDED 31 DECEMBER 2005

The Company incurred a loss for the year, after taxation, of £23,947 after
receiving interest of £67,879 and having paid administrative expenses of
£91,826. The basic and diluted loss per share was 0.04 pence. The Company had
cash balances of £1,490,937 at the year end.

REVIEW OF ACTIVITIES

The Company continues to look to acquire or invest in businesses or companies
which are considered to have the potential for generating significant
sustainable growth and profitability. Unfortunately, however, there are
currently no transactions being considered that are at an advanced stage of
negotiation.

As announced on 3 April 2006, as the Company was unable to find a suitable
acquisition by 1 April 2006, under the AIM rules, trading in the Company's
shares was suspended with effect from 3 April 2006. If this position does not
change by 30 September 2006 trading of the Company's shares on AIM will be
cancelled. If such an eventuality occurs the Company will consider providing an
alternative facility to enable shareholders to deal in the Company's shares.

Since no acquisition or investment has yet been made, in accordance with the
Company's AIM Admission Document, a resolution will be proposed at the Annual
General Meeting of the Company, to be held on 14 July 2006, to consider the
future strategy and direction of the Company.

Jeremy Peace
Chairman
30 May 2006


PROFIT AND LOSS ACCOUNT
FOR THE YEAR ENDED 31 DECEMBER 2005

                                                        2005      2004
                                                           £         £
Turnover from continuing operations                        -         -

Cost of sales                                              -         -
                                                    ________  ________

Gross profit                                               -         -
Administrative expenses                             (91,826)  (95,933)
                                                    ________  ________

Operating loss                                      (91,826)  (95,933)
Interest receivable and investment income             67,879    56,536
                                                    ________  ________

Loss on ordinary activities before taxation         (23,947)  (39,397)
Tax on loss on ordinary                                    -         -
activities
                                                    ________  ________
Retained loss on ordinary activities after          (23,947)  (39,397)
taxation
                                                    ========  ========
Loss per ordinary 1p share
         Basic                                    0.04 pence   0.075 pence

         Diluted                                  0.04 pence   0.075 pence


There were no recognized gains or losses for the year, other than the loss for
the year. The loss is attributable to continuing operations.



BALANCE SHEET
31 DECEMER 2005

                                                             2005      2004
                                                                £         £
Current assets
Debtors                                                     3,790     7,957
Cash at bank and in hand                                1,490,937 1,522,068
                                                        _________ _________
                                                        1,494,727 1,530,025

Creditors: amounts falling due within one year           (15,297)  (26,648)
                                                        _________ _________
Net current assets                                      1,479,430 1,503,377
                                                        _________ _________
Total assets less current liabilities                   1,479,430 1,503,377
                                                        ========= =========
Capital and reserves
Called up share capital                                   550,000   550,000
Share premium account                                     992,774   992,774
Profit and loss account                                  (63,344)  (39,397)
                                                        _________ _________
Equity shareholders' funds                              1,479,430 1,503,377
                                                        ========= =========


CASH FLOW STATEMENT
FOR THE YEAR ENDED 31 DECEMBER 2005

                                                         2005      2004
                                                            £         £
Net cash outflow from operating activities           (99,010)  (73,065)

Returns on investments and servicing of finance
Interest received                                      67,879    52,359
                                                     ________   ________
                                                       67,879    52,359
                                                     ________   ________
Financing
Issue of ordinary share capital net of expenses             -  1,542,774
                                                     ________   ________
                                                            -  1,542,774

(Decrease)/increase in cash in the year              (31,131)  1,522,068
                                                     ========  =========
NOTES

1.Basis of preparation

The financial information set out above does not constitute statutory accounts
within the meaning of section 240 of the Companies Act 1985. The balance sheet
at 31 December 2005 and the profit and loss account and cash flow statement for
the year then ended have been extracted from the Company's audited financial
statements. These financial statements will be delivered to the Registrar of
Companies in due course.

2.Taxation

No charge to corporation tax for the period has been made due to the expected
tax losses available.

3.Loss per share

Basic loss per share is calculated by dividing the loss attributed to ordinary
shareholders of £23,947 by the weighted average number of shares of 55,000,000
during the year. The diluted loss per share calculation is identical to that
used for basic loss per share as the exercise of warrants would have the effect
of reducing the loss per ordinary share and is therefore not dilutive under the
terms of Financial Reporting Standard 14 'Earnings per Share'.

4.Report

The report and accounts will be posted to shareholders in due course and further
copies will be available from the Company's registered office at 1st Floor, 46
Maddox Street, London W1S 1QA.

Enquiries:

Nigel Duxbury, Camelot Capital Plc                          020 7499 8334
Mark Percy/Jeremy Porter, Seymour Pierc Ltd                 020 7107 8000







                      This information is provided by RNS
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