TANGIBAL GROUP PLC

TANGIBAL GROUP PLC Interim Management Report 31st December 2013

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London, March 26th 2014 (pta024/26.03.2014/16:00) - Overview

Your Board announces the Group's interim results for the half-year ended 31 December 2013. These results are the consolidated accounts of Tangibal Group plc (the "Group") and cover the period when Airpod Media Ltd (August 2013), and VP Media Ltd (December 2013) were acquired and a significant investment was made in Instant Business Ltd (December 2013). The Group's turnover for the period was £655,852 (up 200% on the same period last year and up 20% on the revenue for the year to end June 2013). The loss before tax of £288,587 with the loss being largely due to costs incurred integrating the new businesses. Your Board has during the period successfully executed its stated strategy of growth through acquisition and investment. The Company has gone through a transformational period and the Directors believe is now well on the way to delivering profit and increasing shareholder value. Although there is a loss reported for the financial period as a whole, we are pleased to report that for December 2013, following the acquisitions and investments the Group traded profitably. Your Group actually turned the corner into profit delivering (unaudited) £380,664 of turnover and £102,051 of profit before tax in the month of December 2013. Following the acquisitions and investments your Group has now restructured its interests into three divisions: 1. Media Networks (ownership) - called Airpod 2. Regional and Local Advertising Sales - called VP Media and 3.Technology (Digital Media) - called IB Connect Pursuant to the General Meeting of 12th March 2014 the Group has changed its name from Tangibal Group Plc to UNIVERSAL OUTDOOR GROUP PLC, which will take effect shortly to reflect a new beginning. A new beginning that the Directors believe will deliver positive revenue growth and sustainable profits. CEO Dominic Brookman commented "2013 was a very difficult year for your Group but with perseverance and the support of our funding partners and shareholders we have successfully navigated the Group through and we are now delivering on the stated strategy which in turn is now delivering positive results and ultimately profits." Corporate Strategy The Group remains focused on delivering long-term shareholder returns through exploiting acquisition and investment opportunities in Out of Home Media and media related technology companies / agencies. Outlook Following the recent investments and acquisitions your Group is now well positioned to deliver sustainable profits and long term share holder value



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emitter: TANGIBAL GROUP PLC address: 44-46 Whitfield Street, W1B 5PW London country: United Kingdom contact person: Dominic Berger phone: [phone] e-mail: [e-mail] website: www.tangibal.com

ISIN(s): GB00B969QR24 (share) stock exchanges: entry standard in Frankfurt, free market in Stuttgart; open market in Berlin

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