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Golden Prospect PLC (AMBR)

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Friday 05 September, 2003

Golden Prospect PLC

Interim Results

Golden Prospect PLC
05 September 2003

                              GOLDEN PROSPECT PLC

                           REGISTERED NUMBER: 3172986

                                INTERIM REPORT


                       THE SIX MONTHS ENDED 30 JUNE 2003

The company is pleased to announce that a more aggressive investment strategy,
as outlined in the last annual report to shareholders is returning robust

Elsewhere in this statement, the company reports its half year financials to 30
June 2003, but more significantly as of 31 August 2003, the unaudited value of
the company's quoted investment portfolio and cash resources was circa £22.5
million (excluding unquoted joint venture assets) equivalent to circa 25p per
share. This includes unrealised gains of circa  £6m on the quoted portfolio at
31 August 2003.

The buoyant conditions of the precious and base metals market is clearly
impacting very favourably on the company's investment performance.

Management believes that the resources bull market climate will remain for the
foreseeable future as the pick-up in the global economy is stimulating commodity
prices.  Moreover international tensions coupled with a lacklustre US Dollar are
directing investors into alternative assets such as Gold, Silver and Platinum.

Previously management was building asset growth but is now focusing on realising
profits and generating additional returns from active trading in Australian,
North American and UK resource stocks.

The unquoted assets in West Africa represented by joint venture agreements with
AIM listed companies, Mano River plc (gold) and Jubilee Platinum plc (platinum),
are being advanced following positive results which encourage management to
believe  additional value to Golden Prospect plc will be unlocked from these

The board is mindful of the discount at which the company's share price trades
relative to the net asset value of the company and has been advised to examine a
share repurchase programme.

As soon as various compliance issues have been resolved it is the board's
intention to initiate such a scheme.  Moreover a scrip dividend policy is also
being investigated to enable shareholders to enhance returns.

Directors report for the six months ending 30 June 2003 a pre-tax profit of
£329,537.  Earnings per share were 0.26p   The board does not propose an interim

For further information contact:
M A Burne, Chairman
Tel:  020 7409 3500

4 September  2003

                              GOLDEN PROSPECT PLC

                         Six  Months ended 30 June 2003

                                                                                      Six              Six
                                                                        Months                      Months
                                                                                       To               To
                                                                                  30/6/03          30/6/02
                                                                                        £                £

Sales                                                                             562,235        3,057,790

Cost of sales                                                                   (153,601)      (2,262,580)

Gross profit                                                                      408,634          795,210

Other operating income - dividends received                                        54,441           82,582

Administrative expenses                                                         (142,477)        (149,779)

Operating profit - continuing operations                                          320,598          728,013

Interest receivable                                                                 8,939           10,434

Profit on ordinary activities before taxation                                     329,537          738,447

Tax on profit on ordinary activities                                               99,000          224,000

Profit for the financial period                                                   230,537          514,447

Profit per ordinary share - basic                                                   0.26p            0.58p

                              GOLDEN PROSPECT PLC


                                                           30/6/03                            30/6/02
                                             £                     £             £                   £

Tangible fixed assets                                          2,272                             3,029
Intangible assets                                          3,014,386                         2,929,499
Investments                                                4,368,540                         4,255,223
                                                           7,385,198                         7,187,751


Investments                          7,823,765                           8,091,030
Debtors                                 25,916                              23,012
Cash at bank and in hand               418,289                             607,170
                                     8,267,970                           8,721,212
CREDITORS: Amounts falling due
within one year                        390,943                             527,529

NET CURRENT ASSETS                                         7,877,027                         8,193,683

CURRENT LIABILITIES                                       15,262,225                        15,381,434


Called up share capital                                    8,938,496                         8,938,496
Share premium account                                      8,115,458                         8,115,458
Profit and loss account                                  (1,791,729)                       (1,672,520)

EQUITY SHAREHOLDERS' FUNDS                                15,262,225                        15,381,434

                              GOLDEN PROSPECT  PLC

                         Six months ended 30 June 2003

1    The calculation of earnings per share is based on the profit after tax of 
     £230,537 (Period ended 30 June  2002 - £514,447) and on the number of
     shares in issue being the adjusted weighted average number of shares in 
     issue during the period of 89,384,958 (Period ended 30 June 2002 - 

2    The interim statement for the six months ended 30 June 2003 is
     unaudited and was approved by the Directors on  4 September   2003.  The
     financial information set out above does not constitute statutory accounts
     within the meaning of s.240 of the Companies Act 1985.

3    The accounting policies remain as stated in the Annual Report for the
     year ended 31 December 2002.

4    Copies of the Interim Report are available to the public free of charge 
     from the company at 138 Park Lane, London W1K 7AS during normal
     office hours, Saturdays and Sundays excepted, for 14 days from today .

                      This information is provided by RNS
            The company news service from the London Stock Exchange                                                                                     

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