Feedback Regulatory News (FDBK)

FEEDBACK PLC

 ("Feedback", the "Company" or the "Group")

Interim Report for the six months ended 30 November 2010

KEY POINTS

·; Turnover £3.6m (2009 - £3.8m)

·; (Loss)/Profit before tax (£0.12m) (2009 - profit £0.04m)

·; (Loss)/Earnings per share (0.13p) (2009 - 0.02p)

·; Cash and Cash Equivalents £379k (2009 - £420k)

Executive Chairman's Statement

I am pleased to be in a position to present the Group's results for the first six months of our financial year. I joined the Board on 11 February and shareholders will appreciate that I am therefore still in the process of completing my initial review of the business.

The release of funding in our global education markets continues to have significant impact on the Group's performance. The first quarter started positively but reduced in the second quarter resulting in an overall half-year performance that is below management expectation.

Despite the overall performance, the Data business is showing positive signs. Sales of existing products are up year on year and increased investment in new product development and partnerships with complimentary manufacturers promises much. The Instruments business continues to be challenged by delayed orders from its international markets and the decrease in funding available to UK educators. Our US market however has shown overall growth with strong orders, particularly towards the end of the period coming through.

Feedback has continued to invest in its future. Most visible is the rebranding but the Group has also committed to introducing a new business system before the end of the current year and continues its much-needed investment in new product development across both businesses.

I would like to express my thanks to all Feedback's staff who have continued to demonstrate their commitment to the Group throughout the period, and especially in these first few days of my appointment. Management change can be disruptive but I am pleased to report that the process has been smooth and I have been impressed by the experience and dedication of staff across the Group. I have already strengthened the executive team by appointing Mark Bird as Group Sales Director and I look forward to working with everybody in the Group to build the business that we all know it has the potential to be.

I look forward to updating Shareholders on new developments and improving results as we strengthen the Group and return the business to growth.

Nick Shepheard

Executive Chairman

17th February 2011

Enquiries:

Feedback Plc 01892 653322

Nick Shepheard

Executive Chairman

Charles Stanley Securities 020 7149 6000

Nominated Adviser & Broker

Russell Cook / Carl Holmes

UNAUDITED CONSOLIDATED INCOME STATEMENT

All amounts relate to continuing operations.

UNAUDITED INTERIM CONSOLIDATED STATEMENT OF CHANGES IN EQUITY

UNAUDITED CONSOLIDATED BALANCE SHEET

UNAUDITED CONSOLIDATED CASH FLOW STATEMENT

NOTES TO THE UNAUDITED INTERIM REPORT

INDEPENDENT REVIEW REPORT TO FEEDBACK PLC

Introduction

We have been engaged by the Company to review the condensed set of financial statements in the interim financial report for the six months ended 30 November 2010 which comprises the Consolidated Income Statement, the Consolidated Statement of Total Recognised Income and Expense, the Consolidated Balance Sheet, the Consolidated Cash Flow Statement and the Notes to the Unaudited Interim Report. We have read the other information contained in the interim financial report and considered whether it contains any apparent misstatements or material inconsistencies with the information in the condensed set of financial statements.

This report, including the conclusion, has been prepared for and only for the Company for the purpose of meeting the requirements of the AIM Rules for Companies and for no other purpose. We do not, therefore, 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 financial report, is the responsibility of, and has been approved by the directors. The directors are responsible for preparing and presenting the interim financial report in accordance with the AIM Rules for Companies.

As disclosed in note 1, the annual financial statements of the Group are prepared in accordance with International Financial Reporting Standards and International Financial Reporting Interpretations Committee ("IFRIC") pronouncements as adopted by the European Union. The condensed set of financial statements included in this interim financial report has been prepared in accordance with the measurement and recognition criteria of International Financial Reporting Standards and International Financial Reporting Interpretations Committee ("IFRIC") pronouncements, as adopted by the European Union.

Our Responsibility

Our responsibility is to express to the Group a conclusion on the condensed set of financial statements in the interim financial report based on our review.

Scope of Review

We conducted our review in accordance with International Standard on Review Engagements (UK and Ireland) 2410, "Review of Interim Financial Information Performed by the Independent Auditor of the Entity" issued by the Auditing Practices Board for use in the United Kingdom. A review of interim financial information consists of making enquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with International Standards on Auditing (UK and Ireland) and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion.

Conclusion

Based on our review, nothing has come to our attention that causes us to believe that the condensed set of financial statements in the interim financial report for the six months ended 30 November 2010 is not prepared, in all material respects, in accordance with the measurement and recognition criteria of International Financial Reporting Standards and International Financial Reporting Interpretations Committee ("IFRIC") pronouncements as adopted by the European Union, and the AIM Rules for Companies.

Chartered Accountants

Fairfax House

15 Fulwood Place

London

WC1V 6AY

21st February 2011