Feedback Regulatory News (FDBK)

Feedback plc ("Feedback" or the "Group")

Interim Report for the six months ended 30 November 2009

KEY POINTS

·; Turnover £3.8m (2008 - £4.5m)

·; Profit before tax £0.04m (2008 - £0.30m)

·; Earnings per share 0.02p (2008 0.27p)

·; Cash and Cash Equivalents £420k (2008 - £529k)

CHAIRMANS STATEMENT

The performance for the first half of the year was a considerable disappointment. The first quarter's trading showed some positive trends; however the second quarter witnessed a significant contraction in orders in both divisions which has continued to date.

The Instruments business was impacted both by a slowdown in orders from its overseas distributors coupled with deterioration in the UK market as school and universities slowed their spending. In addition the Data market also continued to soften as the market anticipated arrival of new terminals scheduled for March this year.

Despite these more challenging markets Feedback has maintained investment in new product development and a number of new product launches are planned for release during 2010 for both divisions. In addition significant spend has also been committed to a re-branding of the Company with the appointment of new corporate communication consultants. The initial results of this will be seen in March with the new look, logo and website scheduled for release that month. Continued additional spend is planned to support various new marketing initiatives.

Although current trading is showing some stability it is likely that the second half will prove as challenging as the first six months and, despite the board's positive expectation for new products, it is likely that the outcome for the full year will be behind that for the year ended May 2009.

Michael G Burt

Executive Chairman

23 February 2010

Enquiries:

Feedback Plc 01892 653322

Michael Burt

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 2009 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 Company 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 2009 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

23 February 2010