Press Release

The Core Business strengthens further according to Preliminary results The Core Business: Preliminary Results - Half Year ended 30 November 2008 The Core Business PLC, ('the Company') the innovative beauty brand business, announced its preliminary results for the half year to 30 November 2008 last week. Growing sales by over 55% to £1,506,000 the Company has performed well in the half year period despite the downturn in consumer spending. With its cosmetics, skincare and beauty accessories brands and its penetration in volume mass and mid retail distribution channels, The Core Business believes it is well placed to take advantage of consumers trading down and seeking high quality value-for-money products. Its also believes that the "lipstick factor" where consumers unable to afford high ticket items spoil themselves on small low cost indulgent products such as lipsticks will keep the beauty business reasonably resilient to the effects of recession. In addition the business has recently strengthened its Board following the appointments of Matt Cooper as Non-Executive Chairman and Muriel Zingraff as Non-Executive Director. Chief Executive Stirling Murray said: "The business operates in a highly dynamic fast changing market where "newness" is vital. The Core Business has a strategic objective of delivering 35% of sales from products or brands that are newly launched and were unavailable in the previous year. For the half year period new brands have accounted for 36% of sales. This strategy requires a strong focus on new product development and continual critical assessment of new brand distribution opportunities. This takes a high proportion of management time but will be worthwhile as we seek to build critical mass in revenue and profitability." HIGHLIGHTS * Revenue for the half year increased by approximately 55% to £1,506,000 versus £972,000 for the corresponding half year period last year. * Reduced loss for the half year of £76,000 (six months to 30 November 2007: £143,000 loss). * The Company's focus on distributing brands into major retailers and creating and owning its own brands has had a significant effect on revenues. Bloom colour cosmetics, a distributed brand under a five year exclusive UK agreement launched in September 2008 and generated sales of £458,000 in the half year period. Grace Your Face, an innovative wholly owned skin care solutions brand launched in June and delivered sales of just below £100,000 for the period. * Elite Models Beauty accessories - sold in Superdrug and Tesco stores - delivered sales of £178,000 for the period, an increase of 1.4%. * Consultancy contracts delivered revenues of £54,000, an increase of £15,000 on the corresponding half year period last year, but in line with the Company's strategy of focussing on distributing and owning brands. The full preliminary announcement can be viewed at: http://www.thecorebusiness.co.uk/data.asp For further information, please contact: The Core Business PLC www.thecorebusiness.co.uk Stirling Murray, Chief Executive 020 8559 8244 Alastair Kennedy, Finance Director 020 8559 8244 Notes to Editors The Core Business was established in May 2004 by Stirling Murray to create, develop, launch and distribute personal care and beauty brands. It also provides consultancy and brand management services. The Company was listed on AIM in March 2006 under the ticker 'CORE.' This announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.

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