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Greener House Investments plc (GHIP)

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Tuesday 07 April, 2009

Greener House Investments plc

Interim results for the six months ended 30 Nov...

Greener House Investments plc

Interim results for the six months ended 30 November 2008

Greener  House Investments plc (PLUS: GHIP) ("GHI" or the "Company"), a special
purpose acquisition company established to make an acquisition in the healthcare
industry,  announces its interim results for the six months  ended  30 November
2008.

Six months highlights

  -    Loss for the period GBP10,359
  -   Company continues to seek reverse take-over candidates


Jonathan  Metliss,  Chairman, commented: "We have kept the expenses as low as
possible  while  we  continue to seek an attractive reverse take-over candidate
which meets our target criteria."


6 April 2009

Enquiries:

Greener House Investments plc                020 7451 7050
Jonathan Metliss, Chairman

Daniel Stewart & Co Plc
Stewart Dick                                 020 7776 6550

The directors of Greener House Investments plc take responsibility for this announcement.


Greener House Investments plc

Chairman's Statement

Greener House Investments plc (PLUS: GHIP) ("GHI" or the "Company") presents the
interim results in respect of the six months ended 30 November 2008.

GHI is a special purpose acquisition company established to acquire a company or
business in the healthcare sector.

The  directors are seeking a suitable acquisition in exchange for the  issue  of
shares of  GHI in a single transaction, thus effecting a reverse  takeover and
giving to the acquired company a PLUS Markets listing and control of GHI's cash
resources.

The acquisition criteria are that the target should be operating in the
healthcare sector, entirely or principally in the UK, revenue generating,
profitable, capable of substantial growth, and with an acceptable risk profile.

So far the directors have considered in excess of 30 propositions including
medical devices, clinical services, software, health foods and restaurants and
corporate services. However none has so far met all of the acquisition criteria
nor been sufficiently attractive in the opinion of the directors to be acquired.

The directors and their advisers continue actively to seek and consider other
opportunities. The directors will inform the shareholders when an opportunity is
identified which the directors consider to be acceptable. In the meantime we
have kept expenses as low as possible while we continue to seek an attractive
take-over candidate which meets our criteria.

In the period ended 30 November 2008 the Company earned no revenues(8 May 2007
to  30  November 2007: Nil) and the net loss for the period amounted to  GBP10,359
(2007 net loss GBP8,287). The net assets at 30 November 2008 were GBP368,740 with
cash and cash equivalents of GBP377,427. The Company retains its cash resources on
treasury fund deposits pending implementation of an acquisition.

Jonathan Metliss
Chairman

6 April 2009.




Greener House Investments plc

Interim results for the six months ended 30 November 2008

                                   Six              From         Twelve months
                                months     incorporation                 ended
                                 ended     8 May 2007 to                31 May
                           30 November       30 November                  2008
                                  2008              2007             (Audited)
                           (Unaudited)       (Unaudited)


                                   GBP               GBP                  GBP
Turnover                             -                 -                    -
Operating expenses              19,520            13,110               31,916
                               _______           _______              _______
Operating loss                (19,520)          (13,110)             (31,916)
Interest  receivable  less       9,160             4,823               12,711
payable                        _______           _______              _______
Loss   before   tax    and    (10,359)           (8,287)             (19,205)
retained for the period        _______           _______              _______


 Balance Sheet as at 30 November 2008
                                 As at             As at               As at
                           30 November       30 November              31 May
                                  2008              2007                2008
                           (Unaudited)       (Unaudited)           (Audited)

                                  GBP               GBP                  GBP
ASSETS
Current assets
Cash and cash equivalents     377,427           423,992              383,260
Prepayments                     1,337             1,036                4,064
                              _______           _______              _______
                              378,764           425,028              387,324
                              _______           _______              _______
Current liabilities
Trade creditors due within     10,024            35,011                8,225
1 year                        _______           _______              _______

                              368,740           390,017              379,099
                              _______           _______              _______

EQUITY
Capital and reserves
Share capital (Note 1)        100,025           100,025              100,025
Share premium (Note 2)        298,279           298,279              298,279
Profit & loss account        (29,564)           (8,287)             (19,205)
                              _______           _______              _______
Shareholders' funds           368,740           390,017              379,099
                              _______           _______              _______

Notes to the accounts:

  (1)  Share capital
   Authorised:     250,000,000 Ordinary shares of 0.1p each      GBP250,000
   Issued:         100,025,000 Ordinary shares of 0.1p each      GBP100,025

  (2)  Share premium account
   Premium on share capital                          GBP371,475
   Less share issue costs                             GBP73,196
                                                       ________
                                                     GBP298,279
                                                       ________

(3)The  above  financial information for the period ended 30 November 2008 has
   not  been  audited or reviewed by the Company's auditors as the Company  has
   not made any investments.                                                                       

a d v e r t i s e m e n t