Half-yearly Report

LONDON--(BUSINESS WIRE)--

THE TALBEX GROUP PLC

Interim Results for the six months to 30 June 2012

CHAIRMAN’S STATEMENT

The Company announces its Interim Results for the six months period to 30 June 2012. During the period under review, the Company had no turnover or activities other than the board’s continuing search for suitable investment opportunity. A number of our long standing and committed stakeholders continue to support us both financially and by way of their commercial contacts. The board continues to keep costs to a minimum.

D M Billings

Chairman

THE TALBEX GROUP PLC

PROFIT AND LOSS
INTERIM RESULTS FOR THE SIX MONTHS TO 30 JUNE 2012 (UNAUDITED)
	1st Half 2012	1st Half 2011
	£	£
Sales	-	-
Management Fees	-	-
Interest received	0	0
Total Sales	0	0
Cost of Sales	-	-
Gross Profit	0	0
General and Administration	-	-
Consultancy, Professional & Legal fees	9,787	17,874
Other Fees	0	0
Other Expenses	5,091	4,841
Bank charges & interest	0	44
Total Costs	14,878	22,760
Revaluation of Current Asset Investments
to market value	0	0
Profit/(Loss) before tax	(14,878)	(22,760)
Earnings per share*	-0.01 p	-0.03 p
* based on first half 2012 weighted share average of 113,429,128 shares

BALANCE SHEET
INTERIM RESULTS FOR THE SIX MONTHS TO 30 JUNE 2012 (UNAUDITED)
	1st Half 2012	1st Half 2011
Tangible Assets
Investments	781	2,008
Current Assets
Debtors	13,777	20,258
Investments	2,437	67,517
Cash at bank and in hand	7,013	0
Current Liabilities
Trade creditors	28,344	34,509
Other creditors & accruals	103,164	72,475
Net Current Assets less Current Liabilities	(108,281)	(19,208)
Net Assets	(107,500)	(17,200)
Capital and Reserves
Called up share capital	56,715	52,166
Deferred Shares	991,151	991,152
Share premium account	1,037,329	1,035,511
Profit & Loss
Brought forward	(2,177,817)	(2,073,269)
P & L Year to Date	(14,878)	(22,760)
Shareholders' Funds	(107,500)	(17,200)

1. The six months’ figures to 30 June 2012 and 30 June 2011 are unaudited, have not been reviewed by the Group’s auditor and do not constitute statutory accounts within the meaning of Section 435 of the Companies Act 2006.

2. Directors of the Company accept responsibility for the content of this announcement.

--ENDS--

Enquiries:

The Talbex Group
Tony Haywood
[phone]

Peterhouse Corporate Finance Limited
Fungai Ndoro / Eran Zucker
Tel: [phone]