Interim Management Statement

Helical Bar PLC
01 August 2007

1 August 2007


                HELICAL BAR PLC ('Helical'/ 'Company'/ 'Group')

                          Interim Management Statement

Helical Bar announces a strong start to its financial year having continued to
make good progress across its broad spectrum of added value activities.

Giles Weaver, Chairman, commented:

'The Company has delivered good progress in the year to date by applying its
skills to a wide portfolio of activities. The Helical model of using specialist
management skills, often alongside specialist partners, on a wide diversity of
projects across all sectors will enable us to continue to deliver outperformance
for shareholders.'

Key Activity

The Company has received a number of planning consents in London:

  • At Mitre Square, EC3, planning consent has been granted for a scheme
    comprising 350,000 net sq ft.

  • At Battersea, SW8, planning consent has been obtained for a second phase
    50,000 sq ft office development which will commence this autumn.

  • A planning consent has also been granted for our office/leisure scheme at
    Clareville House, Panton Street, SW1 and work on the refurbishment has
    already commenced.

An encouraging level of letting activity has been seen in Company's  projects at
Aldridge, Woolwich, Crawley and Battersea Studios, London SW8 (Phase 1).

We have acquired a site in Telford where it is intended to gain change of use to
residential.

Building work has begun on the retirement village project in Liphook.

We have a growing pipeline of residential and retirement village projects where
value is to be unlocked through the planning process. The Government's recently
announced intention to accelerate housebuilding is a helpful backdrop to these
planning negotiations.

TK Maxx has opened its new 54,000 sq ft store in the Company's Morgan's
development in Cardiff and is trading well.  Borders, Moss Bros and Rossiters
are opening in August and September representing a further 50,000 sq ft of
space.

At Shirley, Birmingham detailed planning consent has been granted for 200,000 sq
ft retail and 200 residential units. At Wolverhampton, a gaming licence has been
received for the casino pre-let to BIL.

At the end of the first quarter, 46% of Helical's investment portfolio was
concentrated in the office sector in London which is experiencing strong rental
growth and where the Company believes it can continue to add value.

Helical continues to make good progress with its retail joint venture in Poland.
It has acquired a further retail site at Opole (260,000 sq ft) and is continuing
to make progress on the other retail schemes at Gliwice (800,000 sq ft) and
Wroclaw (120,000 sq ft).

Board Appointments

As set out in a separate announcement today, we have made a number of changes to
the Board.

Matthew Bonning-Snook and Jack Pitman have been appointed to the main board as
Executive Directors with immediate effect and, in addition, the board is pleased
to confirm that Michael Brown (46), currently the Company's Investment Director
and an Executive Director since 1998, has been appointed Deputy Chief Executive
with immediate effect.

We refer shareholders to today's announcement of new Board appointments for full
details.

Annual General Meeting

All resolutions at the Annual General Meeting held on the 25 July 2007 were
approved with substantial majorities.

                                     -ENDS-

For further information, please contact:

Helical Bar plc                                               Tel: [phone]
Michael Slade (Chief Executive)
Nigel McNair Scott (Finance Director)

Website:          www.helical.co.uk

Financial Dynamics                                            Tel: [phone]
Stephanie Highett /Dido Laurimore





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