Interim Results

Braime (T.F.& J.H.) (Hldgs) PLC
24 August 2001


                                HALF-YEARLY REPORT 

Group sales for the first half of this year have increased by 6% from £4.20m
in 2000 to £4.47m in 2001 and the trading profit has increased from £32,000
to £70,000.

The decrease in investment income from £48,000 reflects the decline in UK
interest rates, while the small increase in interest payable in subsidiary
companies results from changes in exchange rates.

Group profit after tax has increased from £32,000 to £55,000

Sales of subcontract presswork by Braime Pressings Limited continue to be
depressed by the fall in demand from our UK customer base caused by the
overvaluation of sterling relative to the euro. However the overall effect on
group turnover and profit has been more than offset by an improvement in the
performance of our three subsidiaries distributing material handling
components. In particular, our French subsidiary, Setem, has achieved a
significantly better result relative to the same period of last year.

Some additional business is being gained by Braime Pressings Limited. In
contrast, sales at our US subsidiary, 4B Elevator Components Limited are
finally being affected by the general slowdown in the US economy.

Despite the small improvement in the group profit after tax for the first
half, the directors have decided to maintain the interim dividend at the same
level as last year in view of the mixed outlook. A dividend of 1.80p will be
paid on 5th October 2001 to shareholders whose names appear on the register
on 7th September 2001.

    Consolidated Profit & Loss Account for the six months ended 30th June 2001

                                                             
                                 Unaudited results for the           Year to
                                 six months ended 30th June    31st December
                                                   
                                              2001         2000         2000 
                                                 £            £            £ 
 

                                                                             
  Group turnover                         4,470,265    4,200,478    8,482,420 
  Trading profit                            70,222       31,654       50,136
  Investment income                         43,768       47,538       98,996 
  Profit before interest                   113,990       79,192      149,132
  Interest payable                          35,254       33,295       68,794 
  Profit before taxation                    78,736       45,897       80,338
  Taxation at 30% for interim figures       23,621       13,769       45,579 
  Profit after taxation                     55,115       32,128       34,759
  Dividends                                 30,420       30,420      129,960 
  Retained profit/(loss)                    24,695        1,708     (95,201)
                                             _____        _____       ______
  Earnings per share                         3.51p        1.92p        1.79p
                                             _____        _____       ______
                                    
                                     - 1 -

         Notes to the Interim Report for the six months ended 30th June 2001 

The financial information for the six months ended 30th June 2001 has not
been audited, nor has the financial information for the six months ended 30th
June 2000. However, the interim report includes a review signed by the
auditors. The comparative figures for the year ended 31st December 2000 do
not constitute the company's statutory accounts for that year, but have been
extracted from the statutory accounts filed with the Registrar of Companies,
and which carried an unqualified audit report. The report has been prepared
in accordance with applicable accounting standards on a consistent basis
using the accounting policies set out in the 2000 annual report.


         Independent review report to T.F. & J.H. Braime (Holdings) P.L.C. 

Introduction
We have been instructed by the company to review the financial information
set out on pages 1 to 4 and we have read the other information contained in
the interim report and considered whether it contains any apparent
mis-statements or material inconsistencies with the financial information.

Directors' responsibilities
The interim report, including the financial information contained therein, is
the responsibility of, and has been approved by, the directors. The Listing
Rules of the London Stock Exchange require that the accounting policies and
presentation applied to the interim figures should be consistent with those
applied in preparing annual accounts except where any changes, and the
reasons for them, are disclosed.

Review work performed
We conducted our review in accordance with guidance contained in Bulletin
1999/4 issued by the Auditing Practices Board. A review consists principally
of making enquiries of management and applying analytical procedures to the
financial information and underlying financial data and, based thereon,
assessing whether the accounting policies and presentation have been
consistently applied unless otherwise disclosed. A review excludes audit
procedures such as tests of controls and verification of assets, liabilities
and transactions. It is substantially less in scope than an audit performed
in accordance with Auditing Standards and therefore provides a lower level of
assurance than an audit. Accordingly we do not express an audit opinion on
the financial information.

Review conclusion
On the basis of our review we are not aware of any material modifications
that should be made to the financial information as presented for the six
months ended 30th June 2001.

John Gordon Walton & Co.
Chartered Accountants
Yorkshire House
Greek Street
Leeds
LS1 5ST                                         24th August 2001

                                     - 2 -

                  T.F. & J.H. BRAIME (HOLDINGS) P.L.C. 
                 Consolidated Balance Sheet at 30th June 2001
     

                                                           
                                          Unaudited   Unaudited                
                                          30th June   30th June   31st December
                                               2001        2000            2000 
                                                  £           £               £
                                                                              
  Fixed assets      Intangible              12,424        14,572        13,711
                    assets                                                    
                    Tangible assets        607,475       692,351       650,161 
                                           619,899       706,923       663,872
  Current assets    Stocks               1,760,180     1,959,263     1,560,264
                    Debtors              2,156,783     2,129,631     2,038,466
                    Cash at bank         1,666,448     1,634,226     1,855,011 
                    and in hand                                               
                                         5,583,411     5,723,120     5,453,741
  Creditors         Amounts falling    (2,001,660)   (2,139,380)   (1,923,054)
                    due within one                                            
                    year                                                      
  Net current                           3,581,751     3,583,740     3,530,687 
  assets                                                                      
  Total assets                          4,201,650     4,290,663     4,194,559
  less current                                                                
  liabilities                                                                 
  Deferred income                        (30,578)      (32,234)      (31,406)
  Net assets                            4,171,072     4,258,429     4,163,153 
  Capital and       Called up share       540,000       540,000       540,000
  reserves          capital                                                   
                    Reserves            3,631,072     3,718,429     3,623,153 
  Shareholders'                         4,171,072     4,258,429     4,163,153 
  funds                                                                       
                    Comprising:                                               
                    Non-equity            180,000       180,000       180,000
                    shareholders'                                             
                    funds                                                     
                    Equity              3,991,072     4,078,429     3,983,153
                    shareholders'                                             
                    funds                                                     


     Consolidated Cash Flow Statement for the six months ended 30th June 2001

                                                               
                                          Unaudited   Unaudited         Year to
                                          30th June   30th June   31st December
                                    Notes       2001        2000           2000 
                                                   £           £              £
 

                                                                              
  Net cash (outflow)/inflow from                                              
  operating activities                  1     (70,369)   (224,302)     149,357
  Returns on investments and                                                  
  servicing of finance                                                        
  Interest received                             43,768      47,538      98,996
  Interest paid                               (35,254)    (33,295)    (68,794)
  Non-equity dividends paid                    (4,500)     (4,500)     (9,000)
                                                 4,014       9,743      21,202
  Taxation                                                                    
  UK corporation tax paid                            -           -      36,877
  Overseas tax paid                           (12,110)          -    (100,344)
                                              (12,110)           -    (63,467)
  Capital expenditure                                                         
  Purchase of tangible fixed assets           (29,281)    (96,664)   (111,166)
  Disposal of tangible fixed assets                 -           -      11,804 
                                              (29,281)    (96,664)    (99,362)
  Equity dividends paid                       (95,040)   (109,440)   (135,360)
  Management of liquid resources                                              
  (Increase)/decrease in treasury       2     (5,999)     369,461     362,486 
  deposits                                                                    
  (Decrease)/increase in cash           3   (208,785)    (51,202)     234,856 



                                    - 3 -

                          T.F. & J.H. BRAIME (HOLDINGS) P.L.C. 
                       Notes to Consolidated Cash Flow Statement

                                                                              
  1.   Reconciliation of                                               
       operating profit                                               Year to 
       to net cash                  Six months ended 30th June   31st December
       (outflow)/inflow from                 2001         2000            2000
       operating activities                     £            £               £
                                                

       Operating profit                    70,222       31,654          50,136
       Depreciation of                     70,578       82,857         139,101
       tangible and intangible                                                
       assets                                                                 
       Profit on disposal of                    -            -         (5,214)
       fixed assets                                                           
       Government grants                    (828)        (828)         (1,656)
       amortised                                                              
       (Increase)/decrease in           (199,916)    (202,651)         196,348
       stocks                                                                 
       Increase in debtors              (129,828)    (414,528)       (291,706)
       Increase in creditors              116,727      274,190          62,625
       Movement in value of                                                   
       assets caused by foreign                                               
       exchange movements                  2,676        5,004           (277) 
                                         (70,369)    (224,302)        149,357 


  2.   Analysis of changes in       31st December                    30th June
       net funds                            2000    Cash flow            2001   
                                                £            £               £
                                                
       Cash at bank and in hand           562,348    (194,562)         367,786
       Bank loans and                   (958,767)     (30,999)       (989,766)
       overdrafts                                                             
                                        (396,419)    (225,561)       (621,980)
       Treasury deposits                1,292,663        5,999       1,298,662 
                                          896,244    (219,562)         676,682 


                                    31st December                    30th June
                                            1999    Cash flow            2000 
                                                £            £               £

       Cash at bank and in hand           407,470     (58,932)         348,538
       Bank loans and                 (1,048,237)       15,589     (1,032,648)
       overdrafts                                                             
                                        (640,767)     (43,343)       (684,110)
       Treasury deposits                1,655,149    (369,461)       1,285,688 
                                        1,014,382    (412,804)          601578 


  3.   Reconciliation of net                         30th June       30th June
       cash flow to movement                              2000            2000  
        in net funds                                         £               £
                                                                 
                                                          
                                                             
       Decrease in cash                              (208,785)        (51,202)
       Effect of foreign                              (16,776)           7,859 
       exchange rate changes                                                  
                                                     (225,561)        (43,343)
       Increase/(decrease) in                            5,999       (369,461)
       treasury deposits                                                      
       Movement in net funds                         (219,562)       (412,804)
       in the year                                                            
       Net funds at 31st                               896,244       1,014,382 
       December 2000/1999                                                     
       Net funds at 30th June                          676,682         601,578 
       2001/2000                                                              

                                              - 4 -