(SGG) Sterling Green

22 December 2011

Sterling Green Group plc

("Sterling Green" or "the Company")

Half yearly results for the six month period ended 30 September 2011

CHAIRMAN'S STATEMENT

Introduction

I present the Group's interim results for the six month period ended 30
September 2011.

Partial disposal of the Group's debt management book

On 2 December 2011 it was announced that all of the conditions to the sale and
purchase agreement referenced in the circular to shareholders dated 14 November
2011 had been satisfied. Gross proceeds amounting to approximately £957,000
relating to the partial disposal have since been received, with up to a maximum
of a further £50,000 to be received which is subject to a retention clause. The
retention monies are due to be released by 1 June 2012, being 6 months from the
date of the completion of the partial disposal.

On 28 September 2011 it was announced that the Group had entered into a
non-binding agreement to dispose of a significant part of the Group's trading
operations, the effect of which would be to considerably reduce the size of the
ongoing debt management business. The Directors have reviewed the criteria
given in IFRS5 in respect of reporting discontinued operations, and have
concluded that this criteria was satisfied. Accordingly, the estimated amounts
of debt management activity that have been disposed of have been excluded from
the condensed consolidated statement of comprehensive income for the period on
a line by line basis and, instead, have been replaced by a single line headed
profit on discontinued operations. Comparative periods have also been restated
on a similar basis.

Results and dividend

As a result, the Group generated a loss before and after taxation for the six
month period of £190,000 (six months ended 30 September 2010 - £38,000 profit).
The loss from continuing operations amounted to £408,000 while the profit from
discontinued operations was £218,000. The loss for the six month period is
stated after inclusion of a goodwill impairment charge amounting to £108,000
which has been attributed to discontinued operations. The loss per share for
the six month period was 0.06p (2010 - 0.01p profit per share) and the
Directors do not recommend the payment of a dividend.

Disposals

On 21 December 2011 the Group disposed of its entire shareholdings in Taxdebts
Limited and Sterling Green (Mortgages) Limited for the sum of £205. In
addition, on the same date, Taxdebts Limited acquired the remaining small debt
management book for a cash consideration of £10,000 while also taking over the
responsibility for the ongoing employment of 12 members of staff. Tariq Ali is
remaining as a director of Taxdebts Limited and Sterling Green (Mortgages)
Limited and Jason McClean will become a consultant to Taxdebts Limited.

Under the AIM Rules for Companies, the sale of the remaining small debt
management book is deemed to be a related party transaction, due to the
involvement of Tariq Ali, a director of the Company. The independent directors
of the Company, Michael Edelson, Philip Kanas and Ian Aspinall consider, having
consulted with Merchant Securities Limited, that the terms of the transaction
are fair and reasonable in so far as the Company's shareholders are concerned.

Board Changes

As a result of the completion of the disposal of all of the Company's trading
business, Tariq Ali, Chief Executive, and Jason McClean, Operations Director,
have resigned as directors of the Company, with immediate effect, to pursue
their other business interests.

Outlook

Following completion of the partial disposal of the debt management book on 1
December 2011 and receipt of the disposal proceeds, the Group's borrowings have
been repaid in full in order to significantly reduce ongoing finance costs.
While the Group has continued with its remaining debt management activities on
a reduced scale, the Directors have sought to reduce operating costs
significantly with a view to preserving cash resources.

Since 1 December 2011, Sterling Green Group plc has been classified as an
investing company under Rule 15 of the AIM Rules for Companies. As such, it is
obliged to make an acquisition which constitutes a reverse takeover or
otherwise have substantially implemented its investing policy by 1 December
2012, being 12 months from the date of the partial disposal. The Board is
currently reviewing a number of possible opportunities and any acquisition will
be put to shareholders for their approval at the appropriate time.

Michael Edelson

Chairman

22 December 2011

Further Enquiries:

Sterling Green Group plc Tel: 0161 975 5757

Michael Edelson

Merchant Securities Limited Tel: 020 7628 2200

Simon Clements/David Worlidge

CONDENSED CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME

FOR THE SIX MONTH PERIOD ENDED 30 SEPTEMBER 2011

Six months Six months Year

ended ended ended

30 September 30 September 31 March

2011 2010 2011

(Unaudited) (Unaudited) (Audited)

£000 £000 £000

Continuing operations

Revenue 288 360 726

Cost of sales (178) (158) (386)

Gross profit 110 202 340

Administrative expenses (448) (490) (1,011)

Loss from operations (338) (288) (671)

Finance costs (70) (27) (88)

Loss on ordinary activities before (408) (315) (759)
tax

Income tax charge - - -

Loss from continuing operations (408) (315) (759)

Profit from discontinued operations 218 353 791

(Loss)/Profit for the period and (190) 38 32
(loss)/profit

attributable to equity holders of
the parent

(Loss)/Earnings per share - basic

From continuing operations (0.13p) (0.10p) (0.25p)

From discontinued operations 0.07p 0.11p 0.26p

From continuing and discontinued (0.06p) 0.01p 0.01p
operations

(Loss)/Earnings per share - diluted

From continuing operations (0.13p) (0.10p) (0.24p)

From discontinued operations 0.07p 0.11p 0.25p

From continuing and discontinued (0.06p) 0.01p 0.01p
operations

There were no other items of comprehensive income other than the loss for the
period.

CONDENSED CONSOLIDATED STATEMENT OF CHANGES IN TOTAL EQUITY

FOR THE SIX MONTH PERIOD ENDED 30 SEPTEMBER 2011

Six months Six months Year

ended ended ended

30 September 30 September 31 March

2011 2010 2011

(Unaudited) (Unaudited) (Audited)

£000 £000 £000

Balance at the beginning of the period 719 687 687

Total comprehensive income for the
period

(Loss)/Profit for the period (190) 38 32

Balance at the end of the period 529 725 719

CONDENSED CONSOLIDATED STATEMENT OF FINANCIAL POSITION

AS AT 30 SEPTEMBER 2011

As at As at As at

30 September 30 September 31 March

2011 2010 2011

(Unaudited) (Unaudited) (Audited)

£000 £000 £000

Non-current assets

Goodwill - 1,115 1,115

Property, plant and equipment 79 89 89

Total non-current assets 79 1,204 1,204

Current assets

Trade and other receivables 118 226 143

Cash and cash equivalents 7 76 44

Non-current assets held for sale 1,007 - -

Total current assets 1,132 302 187

Total assets 1,211 1,506 1,391

Current liabilities

Trade and other payables (225) (340) (243)

Current tax liabilities - - -

Borrowings (457) (24) (424)

Total current liabilities (682) (364) (667)

Net current assets/(liabilities) 450 (62) (480)

Non-current liabilities

Borrowings - (417) (5)

Total non-current liabilities - (417) (5)

Total liabilities (682) (781) (672)

Net assets 529 725 719

Equity

Share capital 304 304 304

Share premium account 1,794 1,794 1,794

Capital reserve 6 6 6

Other reserves 891 891 891

Accumulated losses (2,466) (2,270) (2,276)

Total equity 529 725 719

CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS

FOR THE SIX MONTH PERIOD ENDED 30 SEPTEMBER 2011

Six months Six months Year

ended ended ended

30 September 30 September 31 March

2011 2010 2011

(Unaudited) (Unaudited) (Audited)

£000 £000 £000

Cash flows from/(used in) operating
activities

(Loss)/Profit before tax (190) 38 32

Adjustments for:

Impairment of goodwill on 108 - -
re-measurement

Depreciation of property, plant and 29 31 62
equipment

Finance costs 70 27 88

Operating cash flows before movement in 17 96 182
working capital

Decrease/(increase) in trade and other 25 (118) (35)
receivables

Decrease in trade and other payables (18) (21) (118)

Corporation tax paid - (1) (1)

Net cash from/(used in) operating 24 (44) 28
activities

Cash flow used in investing activities

Purchase of property, plant and (19) (4) (35)
equipment

Net cash used in investing activities (19) (4) (35)

Cash flow (used in)/from financing
activities

Capital element of finance lease (12) (27) (39)
payments

Loans received 40 150 150

Finance costs (70) (27) (88)

Net cash (used in)/from financing (42) 96 23
activities

Net (decrease)/increase in cash and (37) 48 16
cash equivalents

Cash and cash equivalents at the start 44 28 28
of the period

Cash and cash equivalents at the end of 7 76 44
the period

NOTES TO THE INTERIM RESULTS

FOR THE SIX MONTH PERIOD ENDED 30 SEPTEMBER 2011

1. Reporting entity

Sterling Green Group plc (the "Company") is a company incorporated in the
United Kingdom under the Companies Act 2006. The interim results of the Company
for the six month period ended 30 September 2011 comprise the Company and its
subsidiaries (together the "Group").

The annual report and financial statements of the Group for the year ended 31
March 2011 are available upon request from the Company's registered office by
writing to the Company Secretary, Sterling Green Group plc, Number 14, The
Embankment, Vale Road, Heaton Mersey, Stockport SK4 3GN or can be obtained from
the Company's website which is www.sterlinggreen.co.uk.

2. Statement of compliance

These interim results have been prepared on the basis of the recognition and
measurement requirements of IFRS anticipated to be in issue as either endorsed
by the EU and effective (or available for early adoption) at 31 March 2012.

These interim results should be read in conjunction with the annual report and
financial statements of the Group for the year ended 31 March 2011, which were
approved for issue by the Directors on 11 November 2011, as it provides an
update on previously reported information. The comparative figures for the year
ended 31 March 2011 are not the Group's statutory financial statements for the
financial year. They are, however, derived from the statutory financial
statements for that year which have been delivered to the Registrar of
Companies. The auditors report to those financial statements did not contain
statements under sections 498 (2) or (3) of the Companies Act 2006, but was
modified by an Emphasis of Matter paragraph relating to the uncertainty that
existed at the reporting date regarding the partial disposal and funding of the
business. As disclosed elsewhere, the partial disposal was completed on 1
December 2011. Following receipt of the proceeds of the partial disposal, and
after taking into consideration future ongoing expenditure, the Directors have
presented these interim results on a going concern basis.

These interim results were approved by the Board on 22 December 2011. The
financial information contained therein for the six month period ended 30
September 2011, and similarly the six month period ended 30 September 2010, has
neither been audited nor reviewed.

3. Significant accounting policies

The accounting policies used in the presentation of these interim results are
consistent with those used in the annual report and financial statements of the
Group for the year ended 31 March 2011.

4. Estimates

The preparation of interim results requires management to make judgements,
estimates and assumptions that affect the application of accounting policies
and the reported amounts of assets and liabilities, income and expense. Actual
results may differ from these estimates.

In preparing these interim results, the significant judgements made by
management in applying the Group's accounting policies and the key sources of
estimation uncertainty were the same as those that applied to the financial
statements of the Group for the year ended 31 March 2011.

5. Operating segments

The Group's business segments are its debt management division, its
re-mortgaging operations and its head office operations. This is the basis on
which the Group reports its primary segmental information. In the table below,
all revenues are generated by sales to external parties.

Debt Re- Unallocated Total

Management mortgages Group items

Continuing operations £000 £000 £000 £000

Performance by activity:

Revenue:

- six months ended 30 Sept 2011 235 53 - 288

- six months ended 30 Sept 2010 296 64 - 360

- year ended 31 March 2011 606 120 - 726

Operating profit/(loss):

- six months ended 30 Sept 2011 (270) 8 (76) (338)

- six months ended 30 Sept 2010 (220) 18 (86) (288)

- year ended 31 March 2011 (529) 33 (175) (671)

Total assets:

- 30 September 2011 1,192 12 7 1,211

- 30 September 2010 1,494 5 7 1,506

- 31 March 2011 1,375 11 5 1,391

The Group operates in a sector where no significant seasonal or cyclical
variations in revenues and operating results are experienced during the
financial year.

6. Discontinued operations

The table below shows the estimated amounts of the discontinued operations for
the 6 month period ended 30 September 2011.

Six months Six months Year

ended ended ended

30 September 30 September 31 March

2011 2010 2011

(Unaudited) (Unaudited) (Audited)

£000 £000 £000

Revenue 913 962 2,075

Cost of sales and administrative costs (587) (609) (1,284)

Operating profit 326 353 791

Finance costs - - -

Profit before and after tax from 326 353 791
discontinued operations

Impairment loss recognised on disposal (108) - -

Profit from discontinued operations 218 353 791

Analysis of cash flow movements:

Operating cash flows 326 353 791

7. Financial risk management

The Group's financial risk management objectives and policies are consistent
with those disclosed in the annual report and financial statements of the Group
for the year ended 31 March 2011.

8. (Loss)/Earnings per share

The calculation of (loss)/earnings per share is based on the following:

(Loss)/Earnings Six months Six months Year

ended ended ended

30 September 30 September 31 March

2011 2010 2011

Loss for the year from continuing (408) (315) (759)
operations

Earnings for the year from 218 353 791
discontinued operations

(Loss)/Earnings for the year from (190) 38 32
continuing and discontinued
operations

Number of shares

Weighted average number of ordinary 303,675,390 303,675,390 303,675,390
shares for the purpose of basic
(loss)/earnings per share

Effect of dilutive potential - 12,227,723 12,567,280
ordinary shares - share options

Weighted average number of ordinary 303,675,390 315,903,113 316,242,670
shares for the purpose of diluted
(loss)/earnings per share

(Loss)/Earnings per share (pence) -
Basic

Loss per share from continuing (0.13) (0.10) (0.25)
operations

Earnings per share form 0.07 0.11 0.26
discontinued operations

(Loss)/Earnings per share from (0.06) 0.01 0.01
continuing and discontinued
operations

(Loss)/Earnings per share (pence) -
Diluted

Loss per share from continuing (0.13) (0.10) (0.24)
operations

Earnings per share form 0.07 0.11 0.25
discontinued operations

(Loss)/Earnings per share from (0.06) 0.01 0.01
continuing and discontinued
operations

The Company's potential ordinary shares, which consist of share options, would
not be dilutive in the 6 month period ended 30 September 2011 due to the losses
incurred.

9. Dividends

No dividend is proposed for the six month period ended 30 September 2011. No
dividend was paid, in or proposed for, the year ended 31 March 2011.

10. Related parties

Key management receive compensation in the form of short term employee
benefits, and they received the following amounts during the period:

Six months Six months Year

ended ended ended

30 September 30 September 31 March

2011 2010 2011

£000 £000 £000

Directors remuneration: 110 133 273

Short term benefits

11. Analysis of cash and cash equivalents

Six months Six months Year

ended ended ended

30 September 30 September 31 March

2011 2010 2011

£000 £000 £000

Bank balances 7 76 44



END

9 December 2011

Sterling Green Group Plc

("Sterling Green" or "the Company")

Result of AGM

Sterling Green announces that at the Company's annual general meeting, held
earlier today, all resolutions were duly passed.

Enquiries:

Sterling Green Group plc Tel: 0161 975 5757

Michael Edelson

Merchant Securities Limited Tel: 020 7628 2200

Simon Clements/David Worlidge



END

2 December 2011

Sterling Green Group Plc

("Sterling Green", "the Company" or "the Group")

Completion of the Partial Disposal of the Group's Debt Management Book

Further to the Company's announcement dated 14 November 2011 in respect of the
proposed partial disposal of the Group's debt management book (the "DMB"), the
Company now announces that all of the conditions to the sale and purchase
agreement referenced in the circular to shareholders dated 14 November 2011,
have been satisfied.

Accordingly, Sterling Green is pleased to announce that it has completed the
partial disposal of the DMB to DRSP Limited.

Sterling Green Group plc Tel: 0161 975 5757
Michael Edelson

Merchant Securities Limited Tel: 020 7628 2200
Simon Clements/David Worlidge



END

1 December 2011

Sterling Green Group Plc

("Sterling Green" or "the Company")

Result of General Meeting

Sterling Green announces that at the Company's General Meeting, held earlier
today, the ordinary resolution to approve the disposal of the majority of its
trading business was duly passed. Voting on the ordinary resolution was as
follows:

99.76 per cent in favour out of the votes cast being 143,173,548 shares voted
in favour out of a possible total of 303,675,390 total number of shares in
issue with voting rights.

The Company is now classified as an investing company in accordance with Rule
15 of the AIM Rules for Companies, and as such is obliged to make an
acquisition(s) which constitutes a reverse takeover or otherwise have
substantially implemented its investing policy within 12 months from the date
of the disposal, being 1 December 2012.

Sterling Green Group plc Tel: 0161 975 5757

Michael Edelson

Merchant Securities Limited Tel: 020 7628 2200

Simon Clements/David Worlidge



END