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Transdermal Cosmetics Plc (TRCP)

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Thursday 12 August, 2010

Transdermal Cosmetics Plc

Final Results for the year ended 28 February 2010


                                                                 12 August 2010

                           Transdermal Cosmetics Plc                           

               Final Results for the year ended 28 February 2010               

The Directors of Transdermal Cosmetics Plc ("TDC" or "the Company") are pleased
to announce the Company's final results for the year ended 28 February 2010.
Highlights for the year and post balance sheet events are as follows:

HIGHLIGHTS

 1. The development of an integrated marketing campaign including the
    completion of an infomercial and two short-form advertisements.
   
 2. The development and manufacture of the initial Entre Derm™ kits.
   
 3. Completion of outsourcing to third party contractors to implement the
    supply chain and marketing strategy.
   
POST BALANCE SHEET EVENTS

 1. Sale of USD6.1M of media rights.
   
 2. Appointment of a new PLUS Corporate Advisor.
   

The Company is advancing its release schedule for the new Entre Derm™ products,
with the anticipated soft launch in early Q4 2010, with full launch scheduled
prior to Christmas this year. The development and launch of new products into
an extremely competitive market place is a highly complex procedure. Some of
these activities have, perhaps inevitably, taken longer than anticipated. Even
if further delays arise, I do now feel that we are close to completing this
process.

We would like to thank the shareholders for their continued support and
patience and look forward to a wrinkle free 2011.

Simon Holland
Chairman

12 August 2010

For further information:

Transdermal Cosmetics Plc +44 (0) 20 7209 0033
David Kingsnorth, Finance Director

Leander PR +44 (0) 7795 168 157
Christian Taylor-Wilkinson

Alfred Henry Corporate Finance Limited +44 (0) 20 7251 3762
Nick Michaels, Jon Isaacs

Alfred Henry Corporate Finance Limited is the PLUS corporate adviser to the
Company.

TRANSDERMAL COSMETICS PLC                                                       
CONSOLIDATED PROFIT AND LOSS ACCOUNT                                            
FOR THE YEAR ENDED 28 FEBRUARY 2010                                             
                                                                         Period 
                                                                          ended 
                                              28 February           28 February 
                                                     2010                  2009 
                                              (Unaudited)             (Audited) 
                                                      USD                   USD 
                                                                                
Administrative expenses                       (1,762,693)           (1,529,747) 
                                              ───────────           ─────────── 
Operating loss                                (1,762,693)           (1,529,747) 
Loan waived                                            -               800,000  
                                              ───────────           ─────────── 
Loss on ordinary                              (1,762,693)             (729,747) 
activities before interest                                                      
                                                                                
Other interest receivable                            121                   144  
and similar income                                                              
                                                                                
Interest payable and                          (1,204,814)               (4,398) 
similar charges                                                                 
                                              ──────────            ─────────── 
Loss on ordinary                              (2,967,386)             (734,001) 
activities before taxation                                                      
                                                                                
Tax on loss on ordinary                                -                     -  
activities                                                                      
                                              ───────────           ─────────── 
Loss on ordinary                              (2,967,386)             (734,001) 
activities after taxation                                                       
                                              ═══════════           ═══════════ 
Loss per share                                                                  
                                                                                
Basic and diluted - cents                          (0.24)                (0.06) 
                                              ═══════════           ═══════════ 
                                                                                
The profit and loss account has been prepared on the basis that all operations  
are continuing operations.                                                      
                                                                                
There are no recognised gains and losses other than those passing through the   
profit and loss account.                                                        

                                                            
BALANCE SHEETS                                                                         
AS AT 28 FEBRUARY 2010                                                                 
                                             Group                    Company          
                                          2010         2009         2010         2009 
                                    (Unaudited)  (Unaudited)    (Audited)    (Audited) 
                                           USD          USD          USD          USD 
Fixed assets                                                                           
Intangible assets                    2,540,000    2,540,000    2,540,000    2,540,000  
Tangible assets                              -        7,325            -        7,325  
Investments                                  -            -            1            1  
                                    ──────────    ─────────    ─────────    ───────── 
                                     2,540,000    2,547,325    2,540,001    2,547,326  
                                    ──────────    ─────────    ─────────    ───────── 
                                                                                       
Current assets                                                                         
Stocks                                 119,721       91,567       92,901       91,567
Debtors: amounts falling due        10,851,659    8,564,988   10,977,842    8,564,988  
within one year                                                                        
                                                                                       
Debtors: amounts falling due        38,900,000   41,125,000   38,900,000   41,125,000  
after more than one year                                                               
                                                                                       
Cash at bank and in hand             2,568,743       90,737    2,555,200       90,737  
                                    ──────────   ──────────   ──────────   ────────── 
                                    52,440,123   49,872,292   52,525,943   49,872,292  
                                                                                       
Creditors: amounts falling          (8,281,252)  (2,367,085)  (8,267,622)  (2,367,086) 
due within one year                                                                    
                                    ──────────   ──────────   ──────────   ────────── 
Net current assets                  44,158,871   47,505,207   44,258,321   47,505,206  
                                    ──────────   ──────────   ──────────   ────────── 
                                                                                       
Total assets less current           46,698,871   50,052,532   46,798,322   50,052,532  
liabilities                                                                            
                                                                                       
Creditors: amounts falling         (35,750,000) (36,136,275) (35,750,000) (36,136,275) 
due after more than one year                                                           
                                    ──────────   ──────────   ──────────   ────────── 
                                    10,948,871   13,916,257   11,048,322   13,916,257  
                                    ══════════   ══════════   ══════════   ══════════ 
                                                                                       
Capital and reserves                                                                   
                                                                                       
Called up share capital                188,262      188,262      188,262      188,262  
Share premium account               13,856,605   13,856,605   13,856,605   13,856,605  
Profit and loss account             (3,095,996)    (128,610)  (2,996,545)    (128,610) 
                                    ──────────   ──────────   ──────────   ────────── 
Shareholders' funds                 10,948,871   13,916,257   11,048,322   13,916,257  
                                    ══════════   ══════════   ══════════   ══════════ 

NOTES:

 1. The results for the year ended 28 February 2010 shown in this announcement
    are extracted from the statutory financial statements of the Group for the
    year. The financial information has been reviewed by our auditors, Jeffreys
    Henry LLP.  The audited consolidated financial statements will be available
    by 31 August 2010.
   
 2. The comparative figures for the year 2009 are for the period 15 October
    2007 to 28 February 2009. The 2009 comparative figures have been
    retranslated from pound sterling (GBP) to US dollars (USD) to be consistent
    with the 2010 presentation currency which is in USD.
   
 3. The directors do not recommend the payment of dividend.
   
The Directors of the Company accept responsibility for this announcement.

                                    -ends-                                     


                                                                                                            

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