Interim Results

CCH International plc
15 July 2005



CCH INTERNATIONAL PLC

UNAUDITED INTERIM RESULTS

FOR SIX MONTHS ENDED 30 APRIL 2005




The unaudited results for the six months to 30 April 2005 show profit for the
period of £45,799, a turnaround of £175,035 from the loss of £129,236 during the
same period last year.



On 10 May 2005 your Company successfully completed the acquisition of CCH Europe
GmbH, a company which specialises in financing trade receivables on a fully
secured credit insured basis.  On the same date your Company changed its name to
CCH International Plc.



The business of CCH Europe complements that of CCH International and the recent
acquisition provides an excellent opportunity to substantially grow our business
through an expanded network using a unified approach and the additional
efficiencies this affords.



The audited results of CCH Europe for the year ended 31 December 2004 show a
profit of €329,912 and our subsidiary company intends to continue to increase
revenues and profitability in 2005 by increasing the volume of business in
short-term receivables discounting, especially in Turkey and GCC.  It is also
looking to further expand its market by entering into relationships with banks
in Egypt, Pakistan and Romania whereby such banks would benefit from marketing
our receivables purchasing services to their clients.



Our activities are likely to substantially reinforce the turnaround in the
results of your Company and I look forward with confidence to the future.





Ian Salter

Chairman

15 July 2005





CCH INTERNATIONAL PLC

PROFIT AND LOSS ACCOUNT

FOR SIX MONTHS ENDED 30 APRIL 2005


                                                         Unaudited           Unaudited               Audited
                                                    6 months ended      6 months ended             12 months
                                                                                                       ended
                                                          30 April            30 April            31 October
                                                              2005                2004                  2004
                                                             £                    £                     £

                                                          

Turnover                                                   349,529             537,679               992,193

Cost of sales                                             (94,054)           (454,949)             (540,698)

Gross profit                                               255,475              82,730               451,495

Administrative expenses                                  (209,718)           (211,998)             (412,698)

Operating profit/(loss)                                     45,757           (129,268)                38,797

Interest receivable and similar income                          42                  32                   145
                                                                
Interest payable and similar charges                             -                   -               (1,826)

Profit/(loss) on ordinary activities before                 45,799           (129,236)                37,116
taxation

Tax on profit/(loss) on ordinary activities                      -                   -                     -

Profit/(loss) on ordinary activities after                  45,799           (129,236)                37,116
taxation

Earnings per share
Basic earnings per share                                     0.10p             (0.29)p                 0.08p


Turnover is derived wholly from continuing activities.



CCH INTERNATIONAL PLC

BALANCE SHEET

FOR SIX MONTHS ENDED 30 APRIL 2005


                                                             Unaudited         Unaudited               Audited
                                                              30 April          30 April            31 October
                                                                  2005              2005                  2004
                                                                  £                  £                    £


FIXED ASSETS

Tangible assets                                                                  171,769               228,913


CURRENT ASSETS

Debtors                                                        499,531                                 310,346

Cash at bank                                                    75,503                                 119,320

                                                               575,034                                 429,666

CREDITORS: Amounts falling due within one year                 127,559                                  85,134

NET CURRENT ASSETS                                                               447,475               344,532

TOTAL ASSETS LESS CURRENT LIABILITIES                                            619,244               573,445

CAPITAL AND RESERVES

Called-up equity share capital                                                 1,044,444             1,044,444

Share premium account                                                            417,615               417,615

Profit and loss account                                                        (842,815)             (888,614)

SHAREHOLDERS' FUNDS                                                              619,244               573,445





CCH INTERNATIONAL PLC

CASH FLOW STATEMENT

FOR SIX MONTHS ENDED 30 APRIL 2005


                                                                               Unaudited              Audited
                                                                                6 months            12 months
                                                                                   ended                ended
                                                                                30 April           31 October 
                                                                                    2005                 2004
                                                                                     £                    £

NET CASH (OUTFLOW)/INFLOW FROM OPERATING ACTIVITIES                             (43,859)               90,259

RETURNS ON INVESTMENTS AND SERVICING OF FINANCE

Interest received                                                                     42                 145

Interest paid                                                                          -              (1,826)

                                                                                      

NET CASH INFLOW/(OUTFLOW) FROM RETURNS ON INVESTMENTS AND
SERVICING OF FINANCE                                                                  42              (1,681)

CASH (OUTFLOW)/INFLOW BEFORE MANAGEMENT                                         (43,817)               88,578
OF LIQUID RESOURCES AND FINANCING

(DECREASE)/INCREASE IN CASH                                                     (43,817)               88,578


Notes:

1.  The financial statements have been prepared in accordance with applicable UK accounting standards
    and under the historical cost convention. The principal accounting policies of the Company are set
    out in the Company's 2004 annual report.


2.   The financial information set out above does not constitute statutory accounts as defined in section
     240 of the Companies Act 1985. Statutory accounts for the twelve months to 31 October 2004, on
     which the report of the auditors was unqualified  have been filed with the Registrar of Companies.


3.   On 10 May 2005 the Company completed the acquisition of CCH Europe GmbH for a consideration
     of £1,190,476 which was satisfied by the issue of 39,682,539 new ordinary 1p shares at 3p per share.

4.   Basic earnings per share have been calculated on the basis of the number of shares in issue of
     44,444,444, which has remained unchanged during the period.

5.   The directors are not declaring a dividend for the period.

6.   Copies of this report are being sent to all shareholders and can be viewed on the Company's web-site
     'www.cch-international.com'.



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