Interim Results

Silentpoint PLC
18 July 2002




For Immediate Release

18th July, 2002


Contacts          Haresh Kanabar
                  Silentpoint Plc                                 020 7070 7283

                  David Bick
                  Holborn Public Relations                        020 7929 5599
                                                     [e-mail]




                SILENTPOINT PLC ('Silentpoint' or 'the Company')

                    Interim Results for the six months ended
                                30th April, 2002




I am pleased to report the interim results for the six months ended 30th April
2002.

In my statement, which accompanied the annual results for the period ended 31st
October 2001, I reported that Silentpoint continued to evaluate suitable
opportunities for utilising its cash resources.

Since this date the board have continued to receive enquiries from companies and
their representatives seeking to utilise our cash and we have actively reviewed
these opportunities.

Against a background of deteriorating stock market conditions, the board
tightened up its selection criteria. In all cases, the criteria set out by the
board failed to be met and all investment and acquisition opportunities were
consequently rejected. Often the businesses were at an early stage in their
development and seeking additional working capital to support current trading.

The board is mindful of the statement made in the Company's Prospectus dated
13th November, 2000, that in the absence of making a suitable investment by
November 2002, it will consider whether it is appropriate to wind up the Company
and return the remaining funds to shareholders.


Trading

The unaudited results for the six months ended 30th April, 2002, after deducting
administration expenses and taxation show a deficit of £45,681 (2001; deficit
£20,226) and loss per share equates to 0.26p (2001;loss 0.12p).

The Company continues to conserve its cash resources, which as at 30th April,
2002, amounted to £1.27 million (7.25p per share).


Outlook

We are continuing to actively seek a suitable opportunity which will create
shareholder value. However, the difficult investment climate we are experiencing
at present will have an impact on the timing of any investment decision.


Haresh Kanabar
Chairman
18 July 2002




Profit And Loss Account
For the six months ended 30th April, 2002

                                        Note       Six months ended    Six months ended            Period
                                                         30th April          30th April             ended
                                                               2002                2001      31st October 
                                                                                                     2001
                                                        (unaudited)         (unaudited)         (audited)

                                                                  £                   £                 £

Operating expenses                                           68,258              52,143           177,551
                                                           --------            --------          --------
Operating loss                                             (68,258)            (52,143)         (177,551)

Interest receivable                                          22,577              31,917            62,486
                                                           --------            --------          --------
Loss on ordinary activities                                (45,681)            (20,226)         (115,065)
   before taxation

Taxation                             3                            -                   -                 -
                                                           --------            --------          --------
Loss on ordinary activities                                (45,681)            (20,226)         (115,065)
   after taxation
                                                           ========            ========          ========
Loss per share                       4                      (0.26p)             (0.12p)           (0.73p)
                                                           ========            ========          ========



Balance Sheet
as at 30th April, 2002

                                                              As at               As at             As at
                                                         30th April          30th April      31st October  
                                                               2002                2001              2001
                                                        (unaudited)         (unaudited)         (audited)        
                                                                  £                   £                 £

Current Assets
Debtors and prepayments                                       2,155               3,594             2,262
Cash at bank and in hand                                  1,277,300           1,413,182         1,322,049
                                                           --------            --------          --------

                                                          1,279,455           1,416,776         1,324,311
Current Liabilities
Creditors                                                  (13,706)            (10,506)          (12,880)
                                                           --------            --------          --------

Net Current Assets                                        1,265,749           1,406,270         1,311,431
                                                           --------            --------          --------

Net Assets                                                1,265,749           1,406,270         1,311,431
                                                           ========            ========          ========

Capital and Reserves
Share Capital                                               350,000             350,000           350,000
Share Premium Account                                     1,076,496           1,076,496         1,076,496
Profit and Loss Account                                   (160,747)            (20,226)         (115,065)
                                                           --------            --------          --------

Shareholders' Funds                                       1,265,749           1,406,270         1,311,431
                                                           ========            ========          ========




Notes to the Interim Results


1.         Basis of preparation

The Interim accounts for the six months ended 30th April, 2002, are unaudited
and do not constitute statutory accounts in accordance with section 240 of the
Companies Act 1985.


2.         Dividends

No dividend is proposed for the six months ended 30th April, 2002.


3.         Taxation

On the grounds that losses have been made there is no taxation charged to the
profit and loss account in this period.


4.         Loss per Share

The loss per share has been calculated by dividing the loss after taxation for
the period of £45,681 by the weighted average number of ordinary shares of
17,500,000 in issue during the period.


5.         Copies of the Interim results will be sent to shareholders in due
course and will be available from 22 Soho Square, London W1D 4NS.







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