PTCM.L Regulatory News (PTCM)

For Immediate Release

29 September 2010

TSE Group plc

("TSE" or "the Company" or "the Group")

Interim Results

The Board of TSE is pleased to announce the Company's interim results for the six months ended 30 June 2010.

CHAIRMAN'S STATEMENT

Group revenues for the period were £817,838 (2009: £818,212) which was in line with the same period last year, and resulted in a profit before tax of £36,237, compared to £101,361 for the same period in 2009. As at 30 June 2010 the Company had a net overdraft of £103,736 (31 December 2009: net cash £48,997).

As previously announced, the Group has won a number of high profile new clients this year, particularly in the area of Sports Performance.

Despite these successes, during the period under review, margins have been under pressure and this has impacted on the interim results. In particular, a number of our international offices have underperformed in the second quarter, which is disappointing and we are currently reviewing this situation.

As I stated in my last statement we are still talking to a number of sports related businesses, which may acquire or merge with TSE Consulting SA and as and when we have any further developments shareholders will be kept fully updated.

Adam Reynolds

Chairman

For further information, please contact:

TSE GROUP PLC

CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME

FOR THE 6 MONTHS ENDED 30 JUNE 2010

TSE GROUP PLC

CONSOLIDATED STATEMENT OF FINANCIAL POSITION

AS AT 30 JUNE 2010

TSE GROUP PLC

CONSOLIDATED CASH FLOW STATEMENT

FOR THE 6 MONTHS ENDED 30 JUNE 2009

TSE GROUP PLC

STATEMENT OF CHANGES IN EQUITY

FOR THE 6 MONTHS ENDED 30 JUNE 2010

TSE GROUP PLC

NOTES TO THE INTERIM UNAUDITED FINANCIAL STATEMENTS

1. General Information

TSE Group plc is a public limited company incorporated in the United Kingdom (Registration Number 05353387). The address of the registered office is 14 Kinnerton Place South, London SW1X 8EH. The principal activity of the Company is that of an International Sports Consultancy firm.

The financial information in these interim results is that of the holding company and all of its subsidiaries. It has been prepared in accordance with the recognition and measurement requirements of International Financial Reporting Standards as adopted for use in the EU (IFRSs). The accounting policies applied by the Group in this financial information are the same as those applied by the Group in its financial statements for the year ended 31 December 2009 and which will form the basis of the 2010 financial statements except for a number of new and amended standards which have become effective since the beginning of the previous financial year. These new and amended standards are not expected to materially affect the Group.

The financial information presented herein does not constitute full statutory accounts under Section 434 of the Companies Act 2006 and was not subject to a formal review by the auditors. The financial information in respect of the year ended 31 December 2009 has been extracted from the statutory accounts which have been delivered to the Registrar of Companies. The Group's Independent Auditor's report on those accounts was unqualified, did not include references to any matters to which the auditor drew attention by way of emphasis without qualifying their report and did not contain a statement under section 498(2) or 498(3) of the Companies Act 2006. The financial information for the half years ended 30 June 2010 and 30 June 2009 are unaudited and the twelve months to 31 December 2009 are audited.

2. Segmental reporting

The board considers that the Group has a single business segment which delivers international sports consultancy services. The revenue, expenditure and result reported in the income statement and the assets and liabilities reported in the balance sheet all relate to this single segment. An analysis of turnover by geographical destination is given below.

TSE GROUP PLC

NOTES TO THE INTERIM UNAUDITED FINANCIAL STATEMENTS

3. Earnings per share

Earnings per share have been calculated using the weighted average number of shares in issue during the relevant financial period. The weighted number of shares in issue and the earnings, being the profit after tax, are as follows:

In the current period the basic and diluted earnings per share are the same. The diluted earnings per share are identical to the basic earnings per share as the exercise of share options and warrants would have an anti-dilutive effect.

4. A copy of this announcement is available from the Company's web site, being www.tsegroupplc.com.

ENDS