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Early Equity Plc (EEQP)

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Friday 31 May, 2013

Early Equity Plc

Unaudited Interim Results

                                                                  31th May 2013

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


Chairman's Statement

I am pleased to present the unaudited interim results for the Company for the
six month period ended 28th February 2013 and to report on recent developments.

Results and Review of Business

The loss for the period was GBP86,799 (2011: Loss GBP19,635) representing a
loss per share of 0.04p (2011: Loss 0.04p).

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 are being 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 Company continues to own shares in Frankfurt Open Market quoted Tangibal
Group PLC, ISDX-quoted Alpha Prospects Plc, and BWA Group Plc. These
investments remain non-core and we will seek to realise these assets in the
near future.

Post Balance Sheet Events

Following the year end, on 18 April 2013, the Company issued 2,500,000 shares,
raising GBP7,500. The proceeds are being used for general working capital


I am pleased to report that the Company's overall strategic development is
proceeding well. The Directors are currently evaluating potential investments
in technology and distribution of consumer products. The Company will continue
to raise additional funds to support working capital requirements and
investment plans. Communications to shareholders will be sent when developments
are made.

Christopher Neo - Executive Director

CONSOLIDATED STATEMENT OF COMPREHENSIVE                                        
                                                IFRS      UKGAAP           IFRS         
                                             Half Yr     Half Yr           Year             
                                                2013        2012           2012          
CONTINUING OPERATIONS                            GBP         GBP            GBP      
TURNOVER                                           -       6,000          6,000
OTHER INCOME                                       4           -         13,894
ADMINISTRATIVE EXPENSES                     (79,426)    (24,375)       (83,665) 
OTHER OPERATING EXPENSES                     (5,462)           -       (75,506)
FINANCE COSTS                                  (218)     (1,260)        (1,305)
(LOSS) BEFORE TAX                           (85,103)    (19,635)      (140,582)

INCOME TAX                                         -           -              -
LOSS FOR THE PERIOD                         (85,103)    (19,635)      (140,582) 
OTHER COMPREHENSIVE INCOME                                                     
Reclassification of fair value gain on             -           -        124,774
disposal of available-for-sale                                                                        
financial assets                                                                                   
OTHER COMPREHENSIVE INCOME FOR THE                 -           -        124,774
TOTAL COMPREHENSIVE LOSS FOR THE PERIOD     (85,103)     (19,635)      (15,808)
BASIC AND DILUTED LOSS PER SHARE (PENCE)     (0.04)p      (0.04)p       (0.04)p
CONSOLIDATED STATEMENT OF FINANCIAL          Half Yr     Half Yr           Year             
POSITION AS AT 28 FEBRUARY 2013                 2013        2012           2012          
                                                 GBP         GBP            GBP      
NON-CURRENT ASSETS                                                             
Available-for-sale financial assets          188,400     234,260        286,078
CURRENT ASSETS                                                                 
Trade and other receivables                    6,128      13,297         14,736
Cash and cash equivalents                    106,266       1,388              -
                                             112,394      14,685         14,736                              
CURRENT LIABILITIES                                                            
Trade and other payables                     (6,205)    (74,284)       (22,877)
NET CURRENT ASSETS / (LIABILITIES)           106,189    (59,599)        (8,141)
NET ASSETS                                   294,589     174,661        277,937
Share Capital                                422,123     222,170        222,170
Share Premium                                206,090     206,090        206,090
                                             628,213     428,260        428,260
Fair Value Reserve                                                       98,198
Accumulated losses                         (333,624)   (253,599)      (248,521)
SHAREHOLDERS FUNDS                           294,589     174,661        277,937


1. The accounting information for the 6 months ended 28 February 2013 has not
been reviewed by the Company's auditors.

2. Investments are shown at market value in the financial statements.

3. The financial information set out in this announcement does not constitute
statutory accounts.

The Directors of the Company accept responsibility for the announcement.



Early Equity Plc
Tel:  +44 (0)20 3286 6388
Christopher Neo

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