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High Road Capital plc - Interim Results

HIGH ROAD CAPITAL PLC                            CHAIRMAN'S STATEMENT


Interim Results from incorporation on 12 January 2007 to 30 September 2007


I am pleased to announce the interim results for the Company.

The  Company  made  a  pre-tax  loss  of  GBP  3,985  for  the period. Interest
receivable for the period was GBP 8,106 and nearly covered the low overheads of
the Company.

Cash at bank at end of September 2007 was GBP 371,153.

The Directors have reviewed a number of potential acquisitions  and  investment
opportunities since the successful flotation of High Road Capital plc on PLUS 
this year which raised GBP 418,150 gross. The Company has not yet commenced 
formal due diligence on any particular opportunity but your board continues  
to seek to complete a transaction as soon as possible.

The Directors remain focused on businesses or companies that they consider have
the potential to produce a favourable return for shareholders in both the short
and medium terms.



ADAM WILSON
NON-EXECUTIVE CHAIRMAN


HIGH ROAD CAPITAL PLC                                INCOME STATEMENT
                               FOR THE PERIOD ENDED 30 SEPTEMBER 2007


                                                        FROM
                                                   12 JANUARY
                                                     2007 TO
                                                   30 SEPTEMBER
                                                        2007
                                                            
                                          
                                                        GBP                    
                                                            
Revenue                                                    -
Operating expenses                                  (12,091)
                                                      ______

LOSS FROM OPERATIONS                                (12,091)
                                                            
Interest receivable and similar income                 8,106
                                                      ______

LOSS BEFORE TAXATION                                 (3,985)
Income tax expense                                         -
                                                      ______

LOSS FOR THE PERIOD                                  (3,985)
                                                      ______

LOSS PER SHARE                                         0.00p
                                                      ______



HIGH ROAD CAPITAL PLC                                   BALANCE SHEET
                                              AS AT 30 SEPTEMBER 2007


                                                       AS AT
                                                 30 SEPTEMBER
                                                        2007
                                          
                                                        GBP     
                                                            
ASSETS

CURRENT ASSETS

Trade and other receivables                            6,410
Cash and cash equivalents                            371,153
                                                     _______

                                                     377,563
                                                     _______

TOTAL ASSETS                                         377,563
                                                     _______

EQUITY AND LIABILITIES

EQUITY

Called up share capital                               71,815
Share premium account                                282,778
Shares to be issued under warrants                    22,836
Retained loss                                        (3,985)
                                                     _______

                                                     373,444
CURRENT LIABILITIES

Trade and other payables                               4,119
                                                     _______

TOTAL EQUITY AND LIABILITIES                         377,563
                                                     _______




HIGH ROAD CAPITAL PLC                  STATEMENT OF CHANGES IN EQUITY
                               FOR THE PERIOD ENDED 30 SEPTEMBER 2007


                                                   SHARES TO                  
                                                   BE ISSUED             TOTAL
                                   SHARE    SHARE      UNDER RETAINED         
                                  CAPITAL  PREMIUM   WARRANTS     LOSS
                                      GBP     GBP       GBP       GBP     GBP
          

Balance at incorporation              -        -          -        -        -
Share issue on 24 January 2007    30,000       -          -        -   30,000
Issue of redeemable shares        20,000       -          -        -   20,000
Share issue on 5 March 2007       41,815  376,335         -        -  418,150
Costs of issue                        -   (70,721)        -        -  (70,721)
Redeemed shares                  (20,000)      -          -        -  (20,000)
Loss for the period                   -        -          -   (3,985)  (3,985)
Shares to be issued under warrants    -  (22,836)    22,836        -        -
                                  ______  _______     ______    _____  _______
                      
BALANCE AS AT 30 SEPTEMBER 2007  71,815  282,778     22,836   (3,985)  373,444
                                  ______  _______     ______    _____  _______


HIGH ROAD CAPITAL PLC                             CASH FLOW STATEMENT
                                       PERIOD ENDED 30 SEPTEMBER 2007


                                                       12 JANUARY 2007
                                                       TO 30 SEPTEMBER
                                                            2007
                                                             GBP             
                                                            
CASH FLOWS FROM OPERATING ACTIVITIES                        
Revenue                                                        -
Operating expenses                                      (12,091)
                                                         _______

Operating loss                                          (12,091)

Movements in working capital:                               
Increase in trade and other receivables                  (3,410)
Increase in trade and other payables                      4,119
                                                         _______

NET CASH USED IN OPERATIONS                             (11,382)
                                                         _______

CASH FLOWS FROM INVESTING ACTIVITIES
Interest received                                         8,106
                                                         _______

CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from issue of equity shares                     450,150
Costs of issue                                          (70,721)
Shares redeemed                                          (5,000)
                                                         _______

NET CASH GENERATED FROM FINANCING ACTIVITIES             374,429
                                                         _______

INCREASE IN CASH AND CASH EQUIVALENTS                    371,153
                                                         _______

Cash and cash equivalents at the beginning of the period     Nil
                                                         _______

CASH AND CASH EQUIVALENTS AT THE END OF THE PERIOD       371,153
                                                         _______

INDEPENDENT REVIEW REPORT TO HIGH ROAD CAPITAL PLC

INTRODUCTION

We have been  instructed by the Company to review the financial information for
the period ended  30   September 2007 which comprises the income statement, the
balance sheet, the statement  of  changes in equity and the cash flow statement
and the related notes to the accounts  and  we  have read the other information
contained in the interim report and considered whether it contains any apparent
misstatements or material inconsistencies with the financial information.

This report, including the conclusion, has been prepared  for  and only for the
Company for the purpose of their interim report and for no other  purpose.   We
do not, in producing this report, accept or assume responsibility for any other
purpose or to any other person to whom this report is shown or into whose hands
it may come save where expressly agreed by our prior consent in writing.

DIRECTORS' RESPONSIBILITIES

The  interim  report, including the financial information contained therein, is
the responsibility  of,  and  has  been  approved by the Directors.  It is best
practice that the accounting policies and  presentation  applied to the interim
figures  should  be  consistent  with  those  applied in preparing  the  annual
accounts except where any changes, and the reasons for them, are disclosed.

REVIEW WORK PERFORMED

We conducted our review in accordance with the  guidance  contained in Bulletin
1999/4;  the  review of interim financial information issued  by  the  Auditing
Practices Board for use in the United Kingdom. A review consists principally of
making enquiries  of  management  and  applying  analytical  procedures  to the
financial  information  and  underlying  financial  data  and,  based  thereon,
assessing   whether   the   accounting  policies  and  presentation  have  been
consistently  applied unless otherwise  disclosed.   A  review  excludes  audit
procedures such  as  tests  of controls and verification of assets, liabilities
and transactions.  It is substantially less in scope than an audit performed in
accordance with International  Standards  on  Auditing  (UK  and  Ireland)  and
therefore  provides  a lower level of assurance than an audit.  Accordingly, we
do not express an audit opinion on the financial information.

REVIEW CONCLUSION

On the basis of our review  we are not aware of any material modifications that
should be made to the financial  information  as presented for the period ended
30 September 2007.




CLB LITTLEJOHN FRAZER 
Chartered Accountants
1 Park Place
Canary Wharf
London E14 4HJ

19 October 2007

CONTACT DETAILS:
High Road Capital plc
Gavin Burnell  Tel: 020 7584 3663

Ruegg & Co Limited
Brett Miller  Tel: 020 7584 3663