RNS Number:4911T
Emerging UK Investments Plc
01 November 2005


For immediate Release
1 November 2005

                          Emerging UK Investments Plc
                           ("EUKI" or "the Company")

                              Chairman's Statement

Preliminary Financial Results for the period from incorporation to 31st May 2005

I am pleased to be able to announce the results for the period ended 
31 May 2005.

The Board are broadly pleased with the progress of the Company.

EUKI's investment strategy is to exit if a profit is achievable. A successful
disposal at a profit has been made by disposing of the major part of the holding
in Skin Health Spa plc, though this is a post balance sheet event. We are
currently working on the disposal of two other investments.

Unless a partial disposal of an investment is imminent, your Board has taken the
decision to write down many of the Company's investments. This reflects the fact
that EUKI holds assets in early stage, unquoted companies which are currently
loss making, and are therefore, difficult to value. Consequently, your Board has
written down the book value of EUKI's investments by #504,000. At year-end the
overall carrying value of investments was #725,000 and the Company recorded a
loss of #616,000. Unfortunately, one investee company, Charolais Investment
Company Limited, has been placed into Administration.

The current position on other investee companies is as follows :

Aerodeon Limited - this company is trading in line with expectation and the
company intends to seek a quotation on OFEX in the near future. This may enable
EUKI to make a partial disposal of its holding should this prove to be an
attractive opportunity.

@Cost Building Limited - this company has recently made an acquisition of
another building contractor. However losses to date have led your Board to write
down this investment.

Valley Schools Group plc - these shares have recently been purchased by third
party investors using the trading platform 535x at a premium to the current book
value. However, the company continues to make losses and a provision has been
made against this investment.

Jumbo Sites Limited - this company is dormant and therefore a full provision has
been made.

Charolais Investment Company Limited - the company is in Administration and
therefore a full provision has been made.

The Treatment Centre Company plc - in your Board's view, the company is making
good progress and EUKI intends to maintain its holding at present.

Skin Health Spa plc - the company obtained an Ofex quotation in February 2005.
EUKI has disposed of the majority of its investment, making a profit on disposal
after the year end.

Business Golf Corporation Limited - this company has experienced difficult
trading and your Board decided to make a provision against this investment.

Swilken Holdings Limited - the company is now dormant and it was decided to make
a full provision against this investment.

Warmways Healthcare Holdings plc - the company has recently focussed on
licensing its technology to blue chip clients and in order to fund this
development a new investment has been made at a lower valuation than the
previous book value. It was decided to make a provision against the book value
to reflect this lower valuation.

Drug Treatment Holdings plc - The Company is in the process of disposing of its
stake in this investment.

Post Balance Sheet activity:

The Company has completed three new investments since the year end:

Bfresh Limited - an expanding vending machine operator with agreements with a
number of leading health clubs such as Fitness First. The Company has invested
#70,000 in Bfresh.

Forknall Limited - The Company has invested #22,000 into Forknall to acquire an
equity interest of 13%. Forknall is a Leicester-based manufacturer, supplier and
installer of fencing, balconies, internal balustrades and gates made from
timber, steel and concrete.

Skin Health Spa plc - an additional investment has been made into this company.

The Company is in the process of making an investment in Viatrade plc, an Ofex
quoted investment company which holds a number of unquoted investments.

I am generally pleased with progress at Emerging UK Investments plc, the balance
sheet is strong and the cash balance on 31 October 2005 has increased from the
year end. Your Board continues to look for investment opportunities which will
enhance shareholder value in the medium term. In addition we are constantly
reviewing the exit strategy of our investments so that we can maximise our cash
gains. I hope to be able to report to you shortly further progress made by your
Company.

For more information :
Renwick Haddow, Chairman                                        07966 130182

Andy Moore, Director                                            07836 722840

Roland Cornish or Noelle Greenaway                              020 7628 3396
Beaumont Cornish Limited, Nominated Advisor

Mark Sheppard                                                   0161 228 1709
Midas Investment Management Limited


EMERGING UK INVESTMENTS PLC

CONSOLIDATED PROFIT AND LOSS ACCOUNT
FOR THE PERIOD FROM 27 MAY 2004 TO 31 MAY 2005

                                                                        Period
                                                                      Ended 31
                                                                           May
                                                                          2005
                                                                         #'000

Administrative expenses                                                    (36)
                                                                        --------

Operating loss                                                             (36)

Exceptional items                                                         (580)
                                                                        --------

Loss on ordinary activities before taxation                               (616)
Taxation                                                                     -
                                                                        --------

Retained loss for the period                                              (616)
                                                                        ========

Loss per share (basic and diluted)                                       (6.95p)
                                                                        ========

All results derive from continuing operations of the Company. None of the
Company's activities were acquired or discontinued during the period.

There are no gains or losses recognised in the period other than those reflected
in the profit and loss account above.

CONSOLIDATED STATEMENT OF TOTAL RECOGNISED GAINS AND LOSSES

                                                                     Period
                                                                   Ended 31
                                                                        May
                                                                       2005
                                                                      #'000

Loss for the period                                                    (616)

Unrealised surplus on revaluation
of investments                                                           80
                                                                     --------
Total recognised gains and losses
relating to the period                                                 (536)
                                                                     ========


EMERGING UK INVESTMENTS PLC

CONSOLIDATED BALANCE SHEET AS AT 31 MAY 2005

                                                                       As at 31
                                                                           May
                                                                          2005
                                                                         #'000
Fixed Assets
Investments                                                                497
                                                                        --------
                                                                           497

Current assets
Debtors                                                                     15
Investments held as current assets                                         228
Cash at bank and in hand                                                    60
                                                                        --------
                                                                           303
Creditors: amounts falling due within one year                             (11)
                                                                        --------

Net current assets                                                         292
                                                                        --------

Net assets                                                                 789
                                                                        ========

Capital and reserves
Called up share capital                                                     89
Share premium                                                              164
Revaluation reserve                                                         80
Merger reserve                                                           1,072
Profit and loss account                                                   (616)
                                                                        --------

Equity shareholders' funds                                                 789
                                                                        ========



EMERGING UK INVESTMENTS PLC

CONSOLIDATED CASH FLOW STATEMENT
FOR THE PERIOD FROM 27 MAY 2004 TO 31 MAY 2005
                                                                        Period
                                                                      Ended 31
                                                                           May
                                                                          2005
                                                                         #'000

Net cash (outflow) from operating activities                              (116)
                                                                        --------

Cash (outflow) before financing                                           (116)

Financing
Issue of ordinary share capital                                            176
                                                                        --------

Net cash inflow from financing                                              60
                                                                        --------

Increase in cash in the period                                              60
                                                                        ========

Reconciliation of net cash flow to movement in net funds

Increase in cash in the period                                              60
                                                                        --------

Change in net debt resulting from cashflows                                 60

Acquisition of current asset investments in exchange for issue of
shares                                                                     228

Opening net funds                                                            -
                                                                        --------

Closing net funds                                                          288
                                                                        ========

NOTES TO THE PRELIMINARY ANNOUNCEMENT
FOR THE PERIOD FROM 27 MAY 2004 TO 31 MAY 2005

1. Loss per share

The calculation of loss per share is based on the following loss and number of
shares.
                                                                        Period
                                                                      ended 31
                                                                           May
                                                                          2005

Loss for the financial period (#'000)                                      616
                                                                        --------

Weighted average number of shares (basic and diluted)                8,860,000
                                                                        --------

Loss per share (basic and diluted)                                        6.95p
                                                                        ========

2. Dividend
No dividend is proposed in respect of the period


3. Accounts
The results set out above are not full accounts within the meaning of s240 of
the Companies Act 1985 and have not been reported on but have been agreed with
the Company's auditors. The Annual Report and Accounts for the period ended 31
May 2005 will be filed at the Registrar of Companies following the annual
general meeting and will be posted to shareholders shortly.

4. Announcement
A copy of this announcement will be available at the offices of the Company for
14 days from the date of this announcement.

This preliminary announcement is not being posted to shareholders.


Ends



                      This information is provided by RNS
            The company news service from the London Stock Exchange

END
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