Final Results

Highway Capital PLC
28 June 2006


                              HIGHWAY CAPITAL PLC

            PRELIMINARY RESULTS FOR THE YEAR ENDED 28 FEBRUARY 2006


Chairman's Statement

The results for the twelve months ended 28 February 2006 show a loss before tax
of £57,127 (2005: £57,748 loss).

The company had cash at bank and in hand of £590,641 at the balance sheet date.

At this time we do not consider it appropriate to declare a dividend.

During the year the company has continued to keep expenditure to a minimum in
order to preserve cash resources.

The non-executive directors continue, for the time being, to waive the majority
of their fees.

In the interim statement, I informed shareholders that target companies continue
to be identified and evaluated as the board seeks opportunities to maximize the
value of the company, unfortunately none of these has proved suitable.

Discussions are taking place with two possible targets as your board continues
to seek opportunities to maximize the value of the company.


Dominic Wheatley
Chairman



Profit and Loss Account

                                            Year ended      Year ended
                                           28 February     28 February
                                                  2006            2005
                                           (unaudited)       (audited)
                                                     £               £
Management fees                                      -               -
Administrative expenses                        (80,510)        (82,237)
--------------------------                --------------  --------------
Operating loss                                 (80,510)        (82,237)
Interest receivable                             23,383          24,489
--------------------------                --------------  --------------
Loss on ordinary activities before
taxation                                       (57,127)        (57,748)
Tax credit on loss on ordinary activities            -               -
--------------------------                --------------  --------------
Loss for the financial year                    (57,127)        (57,748)
Dividends                                            -               -
--------------------------                --------------  --------------
Retained loss for the financial year           (57,127)        (57,748)
--------------------------                --------------  --------------
Basic and diluted loss per share                 (0.72)p         (0.73)p
--------------------------                --------------  --------------

Continuing operations:
There are no acquired or discontinued operations in the above two financial
periods.

Total recognised gains and losses:
The company has no recognised gains or losses other than the profit or loss for
the above two financial periods.


Reconciliation of Equity Shareholders' Funds

                                         28 February       28 February
                                                2006              2005
                                         (unaudited)         (audited)
                                                   £                 £
Loss attributable to ordinary
shareholders                                 (57,127)          (57,748)
Dividends                                          -                 -
--------------------------              --------------    --------------
Net decrease in shareholders' funds          (57,127)          (57,748)
Shareholders' funds at beginning of
period                                       624,816           682,564
--------------------------              --------------    --------------
Shareholders' funds at end of period         567,689           624,816
--------------------------              --------------    --------------


Balance Sheet

                                         28 February      28 February
                                                2006             2005
                                         (unaudited)        (audited)
                                                   £                £
Fixed assets
Investments                                        -                -
--------------------------              --------------   --------------
                                                   -                -
Current assets
Debtors                                        2,546            3,388
Cash at bank and in hand                     590,641          645,940
--------------------------              --------------   --------------
                                             593,187          649,328
--------------------------              --------------   --------------
Creditors: amounts falling due within
one year                                     (25,498)         (24,512)
--------------------------              --------------   --------------
Net current assets                           567,689          624,816
--------------------------              --------------   --------------
Net assets                                   567,689          624,816
--------------------------              --------------   --------------
Capital and reserves
Share capital                                158,913          158,913
Share premium                                295,437          295,437
Profit and loss account                      113,339          170,466
--------------------------              --------------   --------------
Total equity shareholders' funds             567,689          624,816
--------------------------              --------------   --------------


Cash Flow Statement

                                            Year ended      Year ended
                                           28 February     28 February
                                                  2006            2005
                                           (unaudited)       (audited)
                                                     £               £
Net cash outflow from operating
activities                                     (78,682)        (83,546)
--------------------------                --------------  --------------
Returns on investments and servicing of
finance
Interest received                               23,383          24,489
--------------------------                --------------  --------------
Net cash inflow from returns on
investments and servicing of finance            23,383          24,489
--------------------------                --------------  --------------
Taxation
Corporation tax                                      -               -
--------------------------                --------------  --------------
Equity dividends paid                                -               -
--------------------------                --------------  --------------
Decrease in cash                               (55,299)        (59,057)
--------------------------                --------------  --------------


Notes

Basis of preparation:

The preliminary results have been prepared under the historical cost convention
and in accordance with applicable accounting standards.

The company does not prepare consolidated accounts and the directors have
therefore continued to prepare its accounts in accordance with UK rather than
international accounting standards, as permitted under EC Regulation 1606/2002.

The financial information set out above does not comprise statutory accounts for
the purpose of section 240 of the Companies Act 1985. The information for the
year ended 28 February 2005 has been extracted from the statutory accounts which
carried an unqualified audit report and did not contain any statement under
section 237(2) or (3) of the Companies Act 1985. The statutory accounts for the
year ended 28 February 2005 have been delivered to the Registrar of Companies.
The auditors are expected to give an unqualified opinion on the accounts for the
year ended 28 February 2006. The statutory accounts for the year ended 28
February 2006 will be delivered to the Registrar of Companies following the
Annual General Meeting.

Loss per share:

The loss per ordinary share calculation has been based on the loss attributable
to ordinary shareholders of £57,127 (2005: £57,748 loss) divided by 7,945,638
(2005: 7,945,638), being the weighted average number of ordinary shares in issue
during the year. The basic and diluted loss per ordinary share figures are the
same.


28 June 2006


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