Interim Results

Numis Corporation PLC
10 May 2001


            Embargoed for release at 07:00 am Thursday 10 May 2001
                            NUMIS CORPORATION PLC
             Interim results for the 6 months ended 31 March 2001


*    Profit before tax for the 6 months to 31 March 2001 was £1.7 million,
     compared with £2.5 million (before exceptional items), achieved in more
     buoyant market conditions last year

*    The number of sectors in which we provide research, market-making and
     broking services have increased significantly

*    The Company raised a total £82 million for listed and unlisted clients

*    The opening of our first regional office in Liverpool has helped
     expand our range of sectors

*    Net assets rose from £12.5m at our year end to £13.8m


Chief Executive's Comments

Oliver Hemsley said:

'During our first financial year of operation as Numis Corporation, we are
concentrating on laying sound foundations for our future development. In that
context, and in the light of the more challenging market conditions this year,
this was an acceptable result.

Whilst we remain cautious in these conditions, the second half has started
satisfactorily. In the short term, we are bearing the increased costs of our
investment in new staff and facilities but I am confident that these will be
outweighed by the benefits of building a stronger business for the future'

For further information please contact:

Oliver A Hemsley     Chief Executive   Numis Corporation Plc   020 7776 1500
Tom Wyatt                              Financial Dynamics      020 7269 7204

Chairman's Statement

I am pleased to report a sound first half to our financial year against a
background of more challenging market conditions and an increase in investment
in both staff and facilities.  We have had some notable successes during this
period and have laid the foundations for future growth.

The Group made a profit before tax of £1.7m in the 6 months to 31 March 2001
(compared with £2.5m before tax and before an exceptional gain for the 6
months to 31 March 2000).  Although profits were below those of the
corresponding period last year, they showed an improvement on the previous six
months to 30 September 2000.  Basic earnings per share were 7.9p and net
assets rose from £12.5m at our year end to £13.8m excluding any value
attributable to our 100,000 London Stock Exchange plc shares.

Key milestones

Our achievements during the period include the following:

*     The raising of £82m for listed and unlisted companies, including a
      further £40m for Tenon Group PLC.

*     A broadening of the sectors where we specialise to include
      financials, insurance, retail, food manufacturing, support services and
      biotechnology.

*     An increase in research output, particularly from our new colleagues
      in our first regional office in Liverpool.

*     The expansion of our market making activities so that we now make
      markets in over 100 stocks mirroring the expansion of our research        
      function.

Liverpool office

In January 2001 we announced that we had opened our first regional office and
welcomed a highly rated team of analysts and sales people.  We are delighted
that our new colleagues have been able to make a positive impact on the Group
so soon after joining and that the new specialist sectors have complemented
our existing ones.

Outlook

Much comment has been made regarding the difficulties currently facing
investment banking organisations such as ourselves in the light of recent
stockmarket weakness and the drying up of the IPO market, especially for
technology companies.  Whilst we cannot pretend to be immune from such
influences, we have some measure of protection given that we operate in a
diverse range of sectors.

The Group's investment in high quality analytical coverage of a discrete
number of specialist sectors is expected to lead to an increase in corporate
finance mandates as well as growth in trading and commission income.  We
continue to seek innovative projects to which our skills can be applied across
both existing sectors and new ones.  A number of such projects are currently
under development which should come to fruition over the next year.

Quieter market conditions are creating opportunities to expand the business
organically and we intend to take advantage of the current slowdown through
the acquisition of new teams and individuals.  There are short term cost
implications associated with this strategy but we believe that they will be
outweighed by the benefits of a stronger business for the future.

D J A Craig
9 May 2001


Consolidated profit and loss account
Unaudited results for the first half year ended 31 March 2001

                                   6 months         6 months         Year ended
                                      ended            ended       30 September
                                   31 March         31 March               2000
                                       2001             2000            Audited
                                  Unaudited        Unaudited
                                         £                 £                  £ 
                                  
Turnover
Continuing operations             4,737,510        5,016,782          9,405,277
Discontinued operations                   -        2,000,057          2,345,089
                                  4,737,510        7,016,839         11,750,366
Discontinued operations
- shared commissions                      -        (406,454)          (612,881)

Gross profit                      4,737,510        6,610,385         11,137,485
Administrative expenses
Continuing operations            (3,424,494)     (2,664,635)        (5,167,406)
Discontinued operations                   -      (1,645,016)        (2,407,634)
Share of associate's operating      214,331          102,411            107,500
profit

Operating profit/(loss)
Continuing operations             1,527,347        2,454,558          4,345,371
Discontinued operations                   -         (51,413)          (675,426)
                                          -        2,403,145          3,669,945

Exceptional item                          -        2,025,000          1,958,431
Interest income                     155,508          107,553            303,156
Investment income                    21,408           33,180             41,362
Interest payable and similar              -          (4,584)            (9,504)
charges

Profit on ordinary activities     1,704,263        4,564,294          5,963,390
before taxation
Tax on profit on ordinary          (526,916)     (1,243,352)        (1,840,390)
activities

Profit on ordinary activities     1,177,347        3,320,942          4,123,000
after taxation

Earnings per share
Basic                                  7.9p            22.6p              27.9p
Diluted                                7.6p            22.2p              26.9p
Earnings per share,
pre-exceptional item
Basic                                  7.9p            11.8p              18.2p
Diluted                                7.6p            11.6p              17.5p


Consolidated balance sheet
Unaudited as at 31 March 2001

                                       31 March      31 March     30 September
                                           2001          2000             2000
                                      Unaudited     Unaudited          Audited  
                                              £             £                £

Fixed assets
Tangible fixed assets                    408,319      197,652          164,543
Fixed asset investments                1,044,095      592,222          592,222
Investment in associated                 300,475      123,968          129,010
undertaking
                                       1,752,889      913,842          885,775

Current assets

Debtors                               15,813,675   20,474,195       16,719,216
Investments                            7,244,640    3,158,612        7,294,488
Cash at bank and in hand                 817,524    2,074,374        4,024,693

                                      23,875,839   25,707,181       28,038,397

Creditors
Amounts falling due within one year (11,792,648) (14,376,218)     (16,428,689)

Net current assets                    12,083,191   11,330,963       11,609,708

Net assets                            13,836,080   12,244,805       12,495,483

Capital and reserves
Share capital                          3,786,750    3,736,500        3,748,000
Share premium account                  3,175,925    3,014,625        3,051,425
Profit and loss account                6,873,405    5,493,680        5,696,058

Shareholders funds                    13,836,080   12,244,805       12,495,483


Notes

Accounting policies

The accounting policies that have been applied to the unaudited results are
consistent with the latest published audited accounts.

Earnings per share

Basic earnings per share is based on profit on ordinary activities after
taxation of £1,177,347 (2000: £3,320,942 adjusted to £3,314,432 to remove
dividends held in the Employee Share Option Trust) on a weighted average
number of ordinary shares in issue during the period of 14,875,833 (2000:
14,705,000).  Diluted earnings per share assumes that options outstanding at
the end of the financial period were exercised at the beginning of the
financial period where the exercise price per share is less than the fair
value of the price of the share in the period.

Dividend

The Group will pay no interim dividend (2000: Nil), as usual.

Investments

Investments include £5,158,877 invested in a Royal Bank of Scotland
International money market fund that is a quoted non-trading book investment.

Audited results

The audited results for the year ended 30 September 2000 are an extract from
the latest published audited accounts and do not constitute the statutory
accounts as defined in Section 240 of the Companies Act 1985.  The published
audited accounts have been delivered to the Registrar of Companies and
included the report of the auditors that was unqualified.

Further copies

Copies of the interim statement will be sent to shareholders over the next few
days.  Copies of this announcement are available free of charge for one month
from:

The Company Secretary
Numis Corporation Plc
Cheapside House
138 Cheapside
London  EC2V 6LH