Tasty Regulatory News (TAST)

Half Yearly Report

Chairman's statement

I am pleased to report on the Group's half year results for the 26 weeks ended on 1 July 2012, which have been prepared in accordance with International Financial Reporting Standards as adopted by the EU ("IFRS").

Results

Turnover for the 26 weeks ended 1 July 2012 was £8,868,000 (2011 - £6,841,000), a 30% increase over the corresponding period.

The operating profit, before pre-opening costs, share based payments and interest, was £752,000 (2011 - £526,000).

Pre-opening costs have been highlighted in the income statement as they are necessarily incurred in the period prior to a new unit being opened and are specific to the opening but are not part of the Group's normal ongoing trading performance.

Pre-opening costs were £348,000 (2011 - £67,000), share based payments were £28,000 (2011 - £21,000) and finance expense was £16,000 (2011 - income - £6,000). The statutory profit before tax for the period was £360,000 (2011 - £444,000).

Basic and diluted earnings per share for the period were 0.75p and 0.74p (2011 - 0.93p and 0.89p).

Cash flows and financing

During the period capital expenditure of £2,450,000 (2011 - £537,000) was incurred. Four new Wildwood restaurants were opened: at Epping in March; Market Harborough in April; and Ely and Bow Street in May.  A site in Cambridge acquired in December 2011 was rebranded in February into a Wildwood and re-opened in March.

Overall, the net cash outflow was £557,000 (2011 - £201,000).

To finance the growth, the Group successfully negotiated a bank loan facility of £2,500,000. Of this the first £1,000,000 was called down during the period.

As at 1 July 2012, the Group had cash balances of £1,451,000 (2011 - £2,718,000).

Outlook

The Group continues to focus on means of taking the business forward in terms of increasing sales by updating the menus and improving the food and labour margins, all of which are continually reviewed.

The new openings during the period bring the number of restaurants to twenty-two, consisting of six dimts, fourteen Wildwoods and two other restaurants.

The Group continues to actively look for new sites and has the resources for further acquisitions.

Despite the on-going general economic conditions, the Group continues to grow and invest for the future.

K Lassman

Chairman

Tasty plc

Share Share Merger Retained Total

capital premium reserve deficit equity

£'000 £'000 £'000 £'000 £'000

Balance at 2 January 2011 4,784 10,350 992 (6,432) 9,694

Changes in equity for 26 weeks ended 1 July 2011

Profit for the period - - - 444 444

______ ______ ______ ______ ______

Total comprehensive income for the period - - - 444 444

Share based payments - credit to equity - - - 21 21

______ ______ ______ ______ ______

Balance at 1 July 2011 4,784 10,350 992 (5,967) 10,159

______ ______ ______ ______ ______

Changes in equity for 26 weeks ended 1 January 2012

Profit for the period - - - 832 832

______ ______ ______ ______ ______

Total comprehensive income for the period - - - 832 832

Share based payments - credit to equity - - 8 8

______ ______ ______ ______ ______

Balance at 2 January 2011 4,784 10,350 992 (5,127) 10,999

______ ______ ______ ______ ______

Changes in equity for 26 weeks ended 1 July 2012

Profit for the period - - - 360 360

______ ______ ______ ______ ______

Total comprehensive income for the period - - - 360 360

Share based payments - credit to equity - - - 28 28

______ ______ ______ ______ ______

Balance at 1 July 2012 4,784 10,350 992 (4,739) 11,387

______ ______ ______ ______ ______

Notes to the financial statements

1 General information

Tasty plc ("Tasty") is a public limited company incorporated in the United Kingdom under the Companies Act (registration number 5826464). The Company is domiciled in the United Kingdom and its registered address is 19 Cavendish Square London W1A 2AW. The Company's ordinary shares are traded on the Alternative Investment Market ("AIM"). Copies of this Interim Report or the Annual Report and Accounts may be obtained from the above address or on the investor relations section of the Company's website at www.dimt.co.uk.

2 Basis of accounting

Tasty plc ("Tasty"') has prepared its results under International Financial Reporting Standards and International Financial Reporting Council "IFRIC" interpretations as adopted by the European Union ("IFRS"). Tasty adopted IFRS with effect from 1 January 2007.

These standards remain subject to ongoing amendment and/or interpretation and are, therefore, still subject to change. Accordingly, information contained in these interim financial statements may need to be updated for subsequent amendments to IFRS or for new standards issued after the balance sheet date.

The basis of preparation and accounting policies followed in the interim report are the same as those set out in the annual report and accounts for the year ended 1 January 2012. As permitted this interim report has not been prepared in accordance with IAS 34 "Interim Financial Reporting", nor has it been audited nor reviewed pursuant to guidance issued by the Auditing Practices Board.

The financial information for the period ended 1 January 2012 does not constitute the full statutory accounts for that period. The Annual Report and Financial Statements for 2011 have been filed with the Registrar of Companies. The Independent Auditors' Report on the Annual Report and Financial Statement for 2011 was unqualified, did not draw attention to any matters by way of emphasis, and did not contain a statement under 498(2) or 498(3) of the Companies Act 2006.

The financial statements are presented in sterling and all values are rounded to the nearest thousand pounds (£'000) except when otherwise indicated.

The consolidated accounts incorporate the financial statements of Tasty plc and its subsidiary, Took Us A Long Time Limited made up to the relevant period end.

24 September 2012

Enquiries

Tasty plc Tel: 020 7637 1166

Jonny Plant, Chief Executive

Cenkos Securities plc Tel: 020 7397 8927

Bobbie Hilliam

3 Income tax expense

The taxation charge for the 26 weeks ended 1 July 2012 has been calculated by applying the estimated effective tax rate for the period ending 1 January 2012

4 Earnings per share

The basic earnings per share figures are calculated by dividing the net profit for the period attributable to shareholders by the weighted average number of ordinary shares in issue during the period. The diluted earnings per share figure allows for the dilutive effect of the conversion into ordinary shares of the weighted average number of options outstanding during the period. Options are only taken into account when their effect is to reduce basic earnings per share.

Earnings per share has been calculated using the numbers shown below:-