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ZimNRG plc (ZIMO)

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Tuesday 30 November, 2010

ZimNRG plc

Half year report



                                            ZimNRG plc
                                  Interim Report - 31 August 2010

CHAIRMAN'S STATEMENT:

The Company  announces its fourth interim un-audited results for the six months' ended  31  August
2010.

The principal activity of ZimNRG plc is to invest in or acquire assets, joint ventures, businesses
or  companies across all sectors relating  to  natural resources and energy that are based in,  or
have their Headquarters in, Zimbabwe and the southern sub-Saharan African region.

Your directors continue to be optimistic about the longer term opportunities for Zimbabwe and  for
your  company  and  they  continue  to actively seek out opportunities  that  meet  the  Company's
strategic objectives.

The Directors do not recommend the payment of a dividend.

The Directors have agreed that their net emoluments (consisting of fees and salaries) will be paid
in    shares,    as  set  out in the  Offer  Document.   The details of  the   Directors'    total
shareholdings as at 29th December 2010 are set out below (note this is prior to the allocation  of
shares to meet Executive Directors' salaries):

Summary of total of Directors' shareholdings:
-------------------------------------------------------------------------------------------------------------
                                       31/08/2010                                    31/08/2009
Director                 Number of Shares        % of shares in        Number of Shares        % of shares in
                                                      issue                                        issue

-------------------------------------------------------------------------------------------------------------

Christopher Latilla-         2,806,518                6.29%                3,239,761               7.50%
Campbell

------------------------------------------------------------------------------------------------------------- 

Alan Mason                   2,776,339                6.22%                1,473,469               3.62%

------------------------------------------------------------------------------------------------------------- 

Jonathan de Thierry          1,700,000                3.81%                 500,000                1.23%

------------------------------------------------------------------------------------------------------------- 

TOTAL                        7,282,857               16.33%                5,213,230               12.35%

-------------------------------------------------------------------------------------------------------------

The total number of shares in issue is 44,607,857.(.2009: 43,200,068)
(Christopher  Latilla-Campbell  is a potential beneficiary of the  Somers  Investment  holding  of
14,250,000 shares, representing 38.24% (2009: 32.99%) of the shares in issue).

Jonathon de Thierry
CHAIRMAN
21 November 2010

Accounts for the six Months to 31st August, 2010                                
------------------------------------------------

PROFIT & LOSS ACCOUNT                                                           
for the period to 31 August, 2010                              31/08/2010          31/08/2009
                                                                      GBP                 GBP
                                                               ----------          ----------   
Debenture Interest & other Interest on Investments                  2,152                   0
Dividends                                                             275                 276
Foreign exchange profit/loss unrealised                             1,776            (36,698)
Electronic Filing Incentive                                            75                   0
                                                               ----------          ---------- 
TOTAL INCOME                                                        4,278            (36,422)
                                                               ----------          ---------- 

EXPENDITURE                                                                     
Salaries & Fees                                                         0               5,277
Printing                                                                0               1,904
Legal & Professional Fees                                          27,109              12,256
Travelling and Research                                            35,142               1,016
General Expenses                                                    1,787               2,280
                                                               ----------          ---------- 
                                                                   64,038              22,733
                                                               ----------          ---------- 

NET LOSS FOR THE PERIOD                                          (59,760)            (59,155)
                                                               ----------          ----------
                                                               ----------          ---------- 

BALANCE SHEET                                                                   
AT 31 August, 2010                                             31/08/2010          31/08/2009
                                                                      GBP                 GBP
                                                               ----------          ---------- 
FIXED ASSETS                                                                    
Portfolio of Investments                                          105,396                   0

Current Assets                                                                  
Debtors & Prepayments                                               7,652               7,915
Cash & Bank Balances                                              304,377             478,283
                                                               ----------          ---------- 
                                                                  312,029             486,198
                                                               ----------          ---------- 

Current Liabilities                                                             
Creditors & Accrual                                                36,080              20,236
                                                               ----------          ---------- 

Total current assets                                              275,949             465,962
                                                               ----------          ---------- 

                                                                  381,345             465,962
                                                               ----------          ----------
                                                               ----------          ----------
Capital Employed:                                                               
Share Capital                                                     223,039             216,000
Reserves                                                          618,321             597,204
P&L Account                                                      (59,760)            (59,154)
Prior Year Reserves                                             (400,255)           (288,088)
                                                               ----------          ---------- 
                                                                  381,345             465,962
                                                               ----------          ----------
                                                               ----------          ----------

Shares in Issue at 21st November 2010                         (44,607,857)

The Directors of the Company accept responsibility for the contents of this announcement.

ENDS

Enquiries:

ZimNRG PLC                                                       01403-738 555
Christopher Latilla-Campbell, Managing Director

Advisor                                                          0207 628 1128
Jonathan Willis-Richards / Peter Freeman,
Loeb Aron & Company Ltd.

ZimNRG plc

ZimNRG plc