FINAL – 22/6/00 Chairman's Statement Results

CHAIRMAN'S STATEMENT

I am pleased to be able to announce the Q2 2000 trading results for Accidentcare Group PLC. Turnover is £659,121 which is ahead of the OFEX prospectus forecast of £574,452. The profit of £79,069 also compare favourably to the prospectus forecast of £77,337.

The company's standing in the trade and retail markets continues to develop strongly and new business opportunities continually become available.

Membership has grown to 85,000 which is a 42% increase since the beginning of the year. The profit contribution from the membership base will be further enhanced with the introduction of new products which will be made available to existing members over the coming months.

In the second half of this year, the Company is concentrating on underpinning the growth strategy for the immediate future. This will not only help to make Accidentcare a household name in it's unique marketplace but also to sustain the service standards which have been the cornerstone of the Company's success hitherto.

Roy Kent
Chairman September, 2000


CONSOLIDATED PROFIT AND LOSS ACCOUNT
FOR THE PERIOD ENDED 30 JUNE, 2000


Quarter Ended
30-June-2000
£

Quarter Ended
30-June-1999
£
Sales
659,121
43,378
Gross Margin
535,598
351,859
Administration Costs
357,796
279,024
Financial Costs
91,882
51,205
Net Profit Before Interest and Taxation
85,290
21,630
Interest Payable
6,851
9,716
Net Profit Before Taxation
79,069
11,914
Taxation
0
0
Net Profit After Taxation
79,069
11,914
Earnings Per Share
0.72p
 

The comparative figures are those of Accidentcare Limited and exclude discontinued activities.

NOTES to the Financial Statements for the period ended 30 June 2000 Accounting Convention The Financial Statements have been prepared in accordance with applicable accounting standards. Earnings Per Share The Earnings Per Share have been calculated on the basis of 10,990,000 shares in issue. Turnover The total turnover of the company for the year has been derived from its principal activity wholly undertaken in the United Kingdom. This announcement has been approved by Teather & Greenwood Limited which is regulated by the Securities & Futures Authority Limited, for the purposes of section 57 of the Financial Services Act 1986.