Half Yearly Report -4-


| Shares         |    101  |        |    304  |        |      -   |        |       -   |        |         -   |        |     405  | 
| issued         |         |        |         |        |          |        |           |        |             |        |          | 
| for            |         |        |         |        |          |        |           |        |             |        |          | 
| cash           |         |        |         |        |          |        |           |        |             |        |          | 
+----------------+---------+--------+---------+--------+----------+--------+-----------+--------+-------------+--------+----------+ 
| Exchange       |         |        |         |        |          |        |           |        |             |        |          | 
| differences    |         |        |         |        |          |        |           |        |             |        |          | 
| arising on     |         |        |         |        |          |        |           |        |             |        |          | 
+----------------+---------+--------+---------+--------+----------+--------+-----------+--------+-------------+--------+----------+ 
| translation    |     -   |        |     -   |        |      -   |        |       -   |        |      2,016  |        |   2,016  | 
| of foreign     |         |        |         |        |          |        |           |        |             |        |          | 
| operations     |         |        |         |        |          |        |           |        |             |        |          | 
+----------------+---------+--------+---------+--------+----------+--------+-----------+--------+-------------+--------+----------+ 
| Loss           |     -   |        |     -   |        |      -   |        |     (122) |        |         -   |        |    (122) | 
| for            |         |        |         |        |          |        |           |        |             |        |          | 
| the            |         |        |         |        |          |        |           |        |             |        |          | 
| period         |         |        |         |        |          |        |           |        |             |        |          | 
+----------------+---------+--------+---------+--------+----------+--------+-----------+--------+-------------+--------+----------+ 
| As at          |    682  |        |  9,631  |        |     356  |        |   (1,097) |        |      2,016  |        |  11,588  | 
| 30             |         |        |         |        |          |        |           |        |             |        |          | 
| April          |         |        |         |        |          |        |           |        |             |        |          | 
| 2009           |         |        |         |        |          |        |           |        |             |        |          | 
+----------------+---------+--------+---------+--------+----------+--------+-----------+--------+-------------+--------+----------+ 
|                |         |        |         |        |          |        |           |        |             |        |          | 
+----------------+---------+--------+---------+--------+----------+--------+-----------+--------+-------------+--------+----------+ 
| Shares         |    217  |        |    433  |        |      -   |        |       -   |        |         -   |        |     650  | 
| issued         |         |        |         |        |          |        |           |        |             |        |          | 
| for            |         |        |         |        |          |        |           |        |             |        |          | 
| cash           |         |        |         |        |          |        |           |        |             |        |          | 
+----------------+---------+--------+---------+--------+----------+--------+-----------+--------+-------------+--------+----------+ 
| Share          |     -   |        |    (24) |        |      -   |        |       -   |        |         -   |        |     (24) | 
| issue          |         |        |         |        |          |        |           |        |             |        |          | 
| expenses       |         |        |         |        |          |        |           |        |             |        |          | 
+----------------+---------+--------+---------+--------+----------+--------+-----------+--------+-------------+--------+----------+ 
| Share          |         |        |         |        |      54  |        |           |        |             |        |      54  | 
| based          |         |        |         |        |          |        |           |        |             |        |          | 
| payments       |         |        |         |        |          |        |           |        |             |        |          | 
+----------------+---------+--------+---------+--------+----------+--------+-----------+--------+-------------+--------+----------+ 
| Exchange       |         |        |         |        |          |        |           |        |             |        |          | 
| differences    |         |        |         |        |          |        |           |        |             |        |          | 
| arising on     |         |        |         |        |          |        |           |        |             |        |          | 
+----------------+---------+--------+---------+--------+----------+--------+-----------+--------+-------------+--------+----------+ 
| translation    |     -   |        |     -   |        |      -   |        |       -   |        |     (1,055) |        |  (1,055) | 
| of foreign     |         |        |         |        |          |        |           |        |             |        |          | 
| operations     |         |        |         |        |          |        |           |        |             |        |          | 
+----------------+---------+--------+---------+--------+----------+--------+-----------+--------+-------------+--------+----------+ 
| Loss           |     -   |        |     -   |        |      -   |        |     (130) |        |         -   |        |    (130) | 
| for            |         |        |         |        |          |        |           |        |             |        |          | 
| the            |         |        |         |        |          |        |           |        |             |        |          | 
| period         |         |        |         |        |          |        |           |        |             |        |          | 
+----------------+---------+--------+---------+--------+----------+--------+-----------+--------+-------------+--------+----------+ 
| As at          |    899  |        | 10,040  |        |     410  |        |   (1,227) |        |        961  |        |  11,083  | 
| 31             |         |        |         |        |          |        |           |        |             |        |          | 
| October        |         |        |         |        |          |        |           |        |             |        |          | 
| 2009           |         |        |         |        |          |        |           |        |             |        |          | 
+----------------+---------+--------+---------+--------+----------+--------+-----------+--------+-------------+--------+----------+ 
|                |         |        |         |        |          |        |           |        |             |        |          | 
+----------------+---------+--------+---------+--------+----------+--------+-----------+--------+-------------+--------+----------+ 
| Condensed                |        |         |        |          |        |        Six Months Ended          |        |  Year    | 
| Consolidated             |        |         |        |          |        |                                  |        |  Ended   | 
| Cash Flow                |        |         |        |          |        |                                  |        |          | 
+--------------------------+--------+---------+--------+----------+--------+----------------------------------+--------+----------+ 
|                |         |        |         |        |          |        |  31 Oct   |        |   31 Oct    |        |    30    | 
|                |         |        |         |        |          |        |    09     |        |     08      |        |  April   | 
|                |         |        |         |        |          |        |           |        |             |        |    09    | 
+----------------+---------+--------+---------+--------+----------+--------+-----------+--------+-------------+--------+----------+ 
|                |         |        |         |        |          |        |unaudited  |        |  unaudited  |        | audited  | 
+----------------+---------+--------+---------+--------+----------+--------+-----------+--------+-------------+--------+----------+ 
|                |         |        |         |        |          |        |  GBP'000  |        |  GBP'000    |        | GBP'000  | 
+----------------+---------+--------+---------+--------+----------+--------+-----------+--------+-------------+--------+----------+ 
| CASH FLOW FROM           |        |         |        |          |        |           |        |             |        |          | 
| OPERATING                |        |         |        |          |        |           |        |             |        |          | 
| ACTIVITIES               |        |         |        |          |        |           |        |             |        |          | 
+--------------------------+--------+---------+--------+----------+--------+-----------+--------+-------------+--------+----------+ 
| Loss           |         |        |         |        |          |        |     (130) |        |       (124) |        |    (246) | 
| for            |         |        |         |        |          |        |           |        |             |        |          |
West African (LSE:WAD)
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