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Early Equity Plc (EEQP)

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Friday 31 January, 2014

Early Equity Plc

Unaudited Final Results

                               EARLY EQUITY PLC                                

                       ("Early Equity" or the "Company")                       



Early Equity Plc is an investment company quoted on the ISDX Growth Market,
focusing on early stage companies with potential for significant growth in the
medium to long term.

I am pleased to present the financial results for Early Equity Plc for the year
ended 31 August 2013. The results are in line with management expectations and
the total comprehensive loss for the year was £217,761 (2012 - £15,808). The
loss per share was 0.10p (2012 - 0.04p). The loss before tax of £148,087 (2012
- £140,582) largely reflects the costs of maintaining a public listing.
Operating expenses will be kept at a minimum until more funds are raised for
the Company.

At year end, the value of our investment portfolio stood at £124,068 (2012 - £
286,078). The value of our investment portfolio has decreased by £162k as the
value of our investments in Tangibal Group Plc (quoted on the Frankfurt Börse)
and Alpha Prospects Plc (quoted on GXG Markets) have declined significantly
over the past year. These investments remain non-core and we will seek to
realize these investments when the opportunity arises.

In October 2012, the Company undertook a share capital reorganisation and an
Open Offer to raise approximately £200,000 (gross of expenses). As part of the
Open Offer, 199,953,000 ordinary shares were issued at the Open Offer Price of
0.1 pence per ordinary share. The Company intends to raise further funds in the
future in order to continue the evaluation of investment opportunities.

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

Christopher Neo - Executive Director

31 January 2014

FOR TWELVE MONTHS TO 31 AUGUST 2013                                                       
                                               IFRS           IFRS             
                                               Year           Year             
                                               2013           2012             
                                                GBP            GBP             
TURNOVER                                          -          6,000             
OTHER INCOME                                      8         13,894             
ADMINISTRATIVE EXPENSES                    -145,785        -83,665             
OTHER OPERATING EXPENSES                     -1,679        -75,506             
FINANCE COSTS                                  -631         -1,305             
(LOSS) BEFORE TAX                          -148,087       -140,582             
INCOME TAX                                        -              -             
LOSS FOR THE YEAR                          -148,087       -140,582             
OTHER COMPREHENSIVE INCOME / (LOSS)                                            
Loss on fair value changes of               -69,674              -             
financial assets                                                               
Reclassification of fair value gain               -        124,774             
on disposal of available-for-sale 
financial assets                                                                         
OTHER COMPREHENSIVE INCOME / (LOSS)         -69,674        124,774             
FOR THE YEAR                                                                   
TOTAL COMPREHENSIVE LOSS FOR THE YEAR (GBP 217,761)   (GBP 15,808)             

BASIC AND DILUTED LOSS PER SHARE             (0.10)         (0.04)             
CONSOLIDATED STATEMENT OF FINANCIAL POSITION                                                                       
AS AT 31 AUGUST 2013                                                           
                                               Year           Year             
                                               2013           2012             
                                                GBP            GBP             
NON-CURRENT ASSETS                                                             
Available-for-sale financial assets         124,086        286,078             
CURRENT ASSETS                                                                 
Trade and other receivables                   5,001         14,736             
Cash and cash equivalents                    44,000              -             
                                             49,001         14,736             
CURRENT LIABILITIES                                                            
Trade and other payables                     -3,656        -22,877             
NET CURRENT ASSETS / (LIABILITIES)           45,344         -8,141             
NET ASSETS                              GBP 169,430    GBP 277,937             
Share Capital                               424,623        222,170             
Share Premium                               211,090        206,090             
                                            635,713        428,260             
Fair Value Reserve                                -         98,198             
Accumulated losses                         -466,283       -248,521             
SHAREHOLDERS FUNDS                      GBP 169,430    GBP 277,937             

The unaudited Final Results are prepared in accordance with International
Financial Reporting Standards (IFRS). The financial information contained in
this statement, relating to the year ended 31 August 2013, has not been audited
or reviewed by the Company's auditors and does not constitute statutory
accounts.. A copy of the Company's audited financial statements for the year
ended 31 August 2013 will be posted to shareholders as soon as completed
together with a notice of Annual General Meeting.

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

On 12 August 2013, the Company announced that following the change of its
auditors to Haysmacintryre, Early Equity would re-audit the Company's results
for the year ended 31 August 2012. The Company notes that following the
re-audit, there have been no changes to the financial results as originally
reported, for that period. The audited annual report for the year ended August
2012 is available on Early Equity's page, on the ISDX website.

Early Equity has complied with Guidance Note 69.1 of the ISDX Growth Market -
Rules for Issuers (which relates to the number of directorships held by
directors) throughout the financial year ended 31 August 2013, save in respect
of Mr Collier. Mr Collier currently holds a greater number of directorships
than the maximum proposed in the Guidance Note. Mr Collier is taking
appropriate measures to address this situation.

The Directors of the Company accept responsibility for the announcement.


Early Equity Plc
Tel: +44 (0)7830 182501
Greg Collier

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

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