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Early Equity Plc (EEQP)

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Thursday 31 January, 2013

Early Equity Plc

Unaudited Final Results

                               Early Equity Plc                                
                       ("Early Equity" or "the Company")                       

                            Unaudited Final Results                            

I am pleased to present the results for Early Equity Plc for the year ended 31
August 2012.


  * Pre tax profit of £204 (2011 : loss of £65,244) after recognising profit of
    £65,282 on sale of investments.
  * Profit on sale of investment £65,282 realised by sales of shares in Alpha
    Prospects Plc and Perform Marketing Limited.
  * Investment portfolio stated at cost, less impairment provisions - £202,743
    (2011 : £234,159).
  * Value of the investment in Tangibal Group Plc quoted on Frankfurt Börse and
    Alpha Prospects Plc quoted on ISDX continue to stand at premium to cost.
  * Net assets of £194,499 up 15% year on year (2011 : £169,295).
  * All outstanding loans were repaid and the Company is now largely free of
The operating loss for the year of £77,712 (2011 : £16,525) was broadly in line
with expectations and essentially reflects the costs of maintaining a public
listing. A profit on sale of investments of £65,282 (2011 : £2,730) was
realised following the sales of shares in Alpha Prospects Plc (`Alpha') and
Perform Marketing Limited. Our remaining investment in Alpha remains non-core
and we continue to seek to realise this asset at an advantageous price.

In February 2012, the Company reached an agreement with the previous directors
of the Company, Robert Painting and Jonathan Hall, to settle all outstanding
loans from Mr. Painting and Harbinger Capital Plc. Subsequently in March 2012,
the Company used funds from sales of investments to strengthen its balance
sheet by settling all outstanding debts within the Company, leaving it debt

During the period, Gregory Collier, Hui Jie Lim and I joined the Board; Robert
Painting and Jonathan Hall have stepped down from the Board.

The Board believes that life on ISDX Markets, for small investment companies
such as ours, will continue to be difficult for the foreseeable future. The
nature of the Company's investments is such that whilst high returns are
possible, liquidity in these investments is very low and realisation of profit
and cash through sales remains difficult. Operating expenses will continue to
be kept at a minimum until more regular cash flows can be generated.

Following the year end, in October 2012, the Company undertook a share capital
reorganisation and an Open Offer to raise approximately £200,000 (gross of
expenses). The net proceeds of the Open Offer will be used for working capital
purposes and to evaluate prospective investments under the Company's revised
investment strategy, which is to invest in early stage, small to medium
enterprises around the world.

The Directors have identified potential investments in technology and
distribution of consumer products which we are currently evaluating. The Board
intends on seeking further realisation of the Company's existing portfolio and
to create value for shareholders through making investments which have a
significant potential uplift. We believe that the Company will be in a position
to create further shareholder value in the near future.

Finally, on behalf of the Board, I would like to take this opportunity of
thanking the Company's professional advisers for their support and assistance
throughout the year.

Christopher Neo - Executive Director
31 January 2013

                                                             2012      2011   
                                                              GBP       GBP   
TURNOVER                                                       6,000    17,000
Admin expenses                                              (83,712)  (33,525)
OPERATING LOSS                                              (77,712)  (16,525)
Interest payable and similar charges                         (1,260)   (2,486)
Profit on sale of investments                                 65,282     2,730
Amounts written back on loans                                 13,894         -
Amounts provided against loans not recoverable                     -   (9,375)
Amounts written off investments                                    -  (39,588)
Taxation                                                           -         -
PROFIT/(LOSS) FOR THE YEAR                                       204  (65,244)
Profit/(Loss) per share expressed in pence per share:                         
Basic/ Diluted                                                  0.00    (0.17)

The profit and loss account has been prepared on the basis that all operations
are continuing operations.

The Company has no recognised gains or losses other than those passing through
the profit and loss account.

                                                              2012      2011   
BALANCE SHEET AS AT 31AUGUST 2012                              GBP       GBP   
FIXED ASSETS                                                                   
Investments                                                   202,743   234,259
CURRENT ASSETS                                                                 
Debtors                                                        14,736     7,098
Cash                                                                -     3,000
                                                               14,736    10,098
CREDITORS: amounts falling due in one year                   (22,980)  (75,062)
NET CURRENT LIABILITIES                                       (8,244)  (64,964)
NET ASSETS                                                    194,499   169,295
CAPITAL AND RESERVES                                                           
Called Up Share Capital                                       222,170   197,170
Share Premium Account                                         206,090   206,090
                                                              428,260   403,260
Profit and loss account                                     (233,761) (233,965)
SHAREHOLDERS FUNDS                                            194,499   169,295

The unaudited Final Results are prepared in accordance with applicable United
Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting
Practice). Due to the adoption of International Financial Reporting Standards
(IFRS) for the financial statements for the year ended 31 August 2012, The
Company anticipates that the audited Annual Results will be completed and
published by 28 February 2013. A copy of the Company's audited financial
statements will be posted to shareholders as soon as completed together with a
notice of Annual General Meeting. The Company also intends on releasing the
restated audited financial statements on the Regulated Information Service.

The Directors do not propose to pay a dividend for the reported period.

The Directors of the Company accept responsibility for the announcement.



Early Equity Plc
Tel:  +44 (0)78 3018 2501      
Greg Collier

Peterhouse Corporate Finance Ltd
Tel:  +44 (0)20 7469 0934      
Fungai Ndoro and Eran Zucker

a d v e r t i s e m e n t