Red Leopard Holdings Regulatory News (RLH)

Red Leopard Holdings Plc

("Red Leopard" or the "Company")

Final Results

I am pleased to present the financial statements for the year to 31 December 2010 for Red Leopard Holdings Plc and its wholly owned subsidiaries, Harrell Hotels (Europe) Limited and Red Leopard Management Limited (the "Group").

Net deficit on equity of the Group as at 31 December 2010 was £172,020 (2009: £420,590) and the profit for the year attributable to the equity holders of the parent was £256,758 (2009: loss £180,814). The profit for the year includes a gain of £398,490 arising on extinguishment of debt and reflects the difference between the carrying value of the loan notes and the fair value of shares issued on the date of extinguishment.

As at 31 December 2010 net cash for the Group was £30,575 (2009: £109,857).

Throughout the period the Board has continued to investigate and review investment opportunities, particularly in the property sector, given the current level of asset values and potential opportunity to achieve material upside in capital values. Whilst progress has been made in the identification of businesses with strong management teams, significant profit streams and no debt exposure, valuations of potential transactions has proved difficult in this uncertain market.

In the short term, the company is going to focus on undertaking fee-earning income itself through property related consultancy and value added services rather than make direct investment in third party organizations or property transactions which would require significant fund raising. To help facilitate this activity the directors are considering some small scale fundraising options to assist with working capital. The company will continue to be alert and open to investments or acquisitions which may significantly increase shareholder value.

J J May

Chairman

The full report and accounts together with the notice of Annual General Meeting have today been sent to shareholders and are available on the Company's website: www.redleopardholdings.com.

Enquiries:

Consolidated statement of comprehensive income

Consolidated statement of financial position

Company statement of financial position

Consolidated statement of changes in equity

Company statement of changes in equity

Consolidated statement of cash flows

Company statement of cash flows

Notes:

1. This statement has been prepared using accounting policies and presentation consistent with those applied in the preparation of the statutory accounts of the Company.

2. The summary accounts set out above do not constitute statutory accounts as defined by Section 428 of the UK Companies Act 2006. The summarised balance sheets at 31 December 2010 and the summarised income statement, summarised cash flow statements and summarised statement of changes in equity for the year then ended have been extracted from the Group's 2010 statutory financial statements upon which the auditors' opinion is unqualified. The results for the period ended 31 December 2009 have been extracted from the statutory accounts for that period, which contain an unqualified auditors' report.

3. Basic earnings per ordinary share for the year is based on the profit of £256,758 (2009: loss £180,814) and a weighted average of 443,458,630 (2009: 399,113,333) ordinary shares.

For diluted earnings per share, the weighted average number of ordinary shares in issue is adjusted to assume conversion of all potential dilutive ordinary shares. Items included in the calculation are options for ordinary shares.

The effect of conversion of all potential dilutive ordinary shares would have an anti-dilutive effect on earnings per share and therefore they have been incorporated in the diluted earnings per share calculation. Potential ordinary shares are only treated as dilutive when their conversion to ordinary shares would decrease profit per share or increase loss per share. There was no dilutive effect in 2009.

4. The annual report and accounts were today posted to shareholders. These are also available on the Company's website, www.redleopardholdings.com.

5. The Company's Annual General Meeting will be held at 10 am on 20th May 2011, at 233-237 Old Marylebone Road, London NW1 5QT.