Tasty Regulatory News (TAST)

tasty plc - chairman's statement

I am pleased to report on Tasty plc's (the "Group") unaudited half year results for the 26 weeks ended on 27 June 2010.

Results for the 26 Weeks ended 27 June 2010

The highlights of the results are as follows:-

·; Turnover: £4.83million (2009 - £4.33million)

·; Operating profit (before opening costs of £22,000 (2009 - £58,000), share based payments of £63,000 (2009 - £63,000) and redundancy costs of nil (2009 - £9,000) £94,000 (2009 - £69,000)

·; Profit before tax: £13,000 (2009 - loss £49,000)

·; Basic and diluted earnings per share: 0.03p (2009 - loss 0.11p)

Cash Flows and Financing

During the period the Group incurred capital expenditure of £208,000 (2009 - £834,000), primarily on the re-branding of our Gloucester Road unit and on the initial fit out of our newly acquired Chelmsford Wildwood restaurant, which is due to open this week. Overall, the net cash inflow, prior to financing was £179,000 (2009 - outflow £407,000) and as at the period end the Group had net cash balances of £3.92million (2009 - £2.19million), which included the net proceeds of a £1.9million Placing undertaken by the Group in June 2010.

Business review

During the first half of the year we took the decision to re-brand one Dim T restaurant at Gloucester Road into a Wildwood restaurant, and this re-opened successfully in July and is now trading well. After much deliberation we took the decision in July to close our poorly performing Milton Keynes unit which had been fully impaired in prior periods, and this has now been sub-let. Accordingly, once Chelmsford is open, we will have eleven operating restaurants, six Dim Ts and five Wildwoods. I am delighted to advise shareholders that the Group has now exchanged contracts for the purchase of two further restaurants in Loughton and Billericay. These are both due to open before the year end, and each will trade under the Wildwood brand. As each of these units is currently operating, it is hoped that they can be operational as Wildwoods shortly, and will prove to be a successful addition to the Group's estate of restaurants.

Outlook

The Group is trading in line with expectations and the opening schedule of new restaurants is looking positive. The one-off opening costs of the new units set out above will be incurred in the second half of the financial year with the trading benefit being felt in 2011. Overall the Board is looking forward to a promising second half.

K Lassman Chairman Tasty plc

14 September 2010

Share Share Merger Retained Total

capital premium reserve deficit equity

£'000 £'000 £'000 £'000 £'000

Balance at 28 December 2008 3,784 9,450 992 (4,818) 9,408

Changes in equity for 26 weeks ended 28 June 2009

Loss for the period - - - (43) (43)

______ ______ ______ ______ ______

Total comprehensive income for the period - - - (43) (43)

Share based payments - credit to equity - - - 63 63

______ ______ ______ ______ ______

Balance at 28 June 2009 3,784 9,450 992 (4,798) 9,428

______ ______ ______ ______ ______

Changes in equity for 26 weeks ended 27 December 2009

Loss for the period - - - (2,031) (2,031)

______ ______ ______ ______ ______

Total comprehensive income for the period - - - (2,031) (2,031)

Share based payments - credit to equity - - 63 63

______ ______ ______ ______ ______

Balance at 27 December 2009 3,784 9,450 992 (6,766) 7,460

______ ______ ______ ______ ______

Changes in equity for 26 weeks ended 27 June 2010

Profit for the period - - - 13 13

______ ______ ______ ______ ______

Total comprehensive income for the period - - - 13 13

Issue of share capital (net of £100,000 issue costs) 1,000 900 - - 1,900

Share based payments - credit to equity - - - 63 63

______ ______ ______ ______ ______

Balance at 27 June 2010 4,784 10,350 992 (6,690) 9,436

______ ______ ______ ______ ______

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 27 December 2009. During the period the Group has adopted IFRS 3 (revised) "Business Combinations". Under IFRS 3 (revised) goodwill is measured as the fair value of consideration transferred less fair value of the indentified assets and liabilities assumed, all measured at the acquisition date. Transaction costs incurred by the Group on a business combination, other than those associated with the issue of equity securities, are expensed as incurred. 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 52 week period ended 27 December 2009 does not constitute the full statutory accounts for that period. The Annual Report and Financial Statements for 2009 have been filed with the Registrar of Companies. The Independent Auditors' Report on the Annual Report and Financial Statement for 2009 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.

3 Income tax expense

The taxation charge for the 26 weeks ended 27 June 2010 has been calculated by applying the estimated effective tax rate for the 53 week period ending 2 January 2011

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 or increase basic loss per share, when the Group has made a profit.

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

Enquiries

Tasty plc Tel: 020 7637 1166

Jonny Plant, Chief Executive

Evolution Securities Tel: 020 7071 4300

Bobbie Hilliam