(TTV) Talent Group

26 January 2012

Talent Group plc

("Talent" or the "Company")

Final results for the year ended 30 September 2011

Chairman's Statement

I am pleased to present the Company's results for the year ended 30 September
2011. These represent a considerable improvement over recent years. Group
turnover has increased to £874,000 (2010: £653,000), gross profit has increased
to £516,000 (2010: £342,000) and, after taxation, we have a retained profit for
the year of £31,000 (2010: loss of £492,000).

The improvement is largely based around three large projects undertaken during
the year, all of which should continue to contribute to Group profitability
over the next 12 months. During the first half of the year Talent was involved
in the co-production of a feature film, Outside Bet, based on the novel The
Mumper, and starring Bob Hoskins and Jenny Agutter. Production fees from this
project are included in the 2011 results, but we retain a share of future
profits from the film, which is expected to go on general release in April
2012.

In July 2011 Talent commenced production of a 26 part children's series, My
Phone Genie, for ITV and international distribution. This project, which Talent
has been developing for several years, is an international co-production with
Moonscoop of France, Telegael in Ireland and ZDF of Germany. Production of the
series is now nearing completion and the series has commenced broadcasting on
ITV. Again, Talent has received production fees over the course of production,
and retains a significant share of future profits.

Talent Television South completed a series of eight crime documentaries for The
Crime and Investigation Network, which were broadcast during the year. The
success of these resulted in the commissioning of a second eight-part series,
production of which commenced in June 2011, with final delivery in March 2012.

A number of other projects have also contributed to Group profitability. Talent
Television continues to receive royalties and format fees from its back
catalogue, with various programmes being taken up by overseas broadcasters
during 2011. Talent South, in addition to the crime series, was commissioned by
the same channel for a documentary on The Richardsons, to complement the
programme made on The Krays in 2010. Both Talent companies are also involved in
producing a commissioned occasional series of instructional DVDs. The third
such commission, on beekeeping, was completed during 2011, following on from
DVDs on clay pigeon shooting and wine appreciation made in 2010. A further
three such DVDs have, to date, been commissioned for 2012.

We have also made further progress on driving down overheads. Administrative
expenses for 2011 were £441,000 compared to £792,000 for 2010. The 2010 figures
included a £174,000 exceptional bad debt, so the underlying reduction in
overheads is £177,000. In August 2011 we moved to smaller offices, so will
benefit from reduced premises costs for 2012.

The last year has also seen some significant board changes. In March 2011
Jonathan Glazier, the Company's director of entertainment, stood down from the
board, but continues to work with the Group on the development of new
entertainment projects. Kate Beal, managing director of Talent South, has
joined the Group board, and we are pleased to welcome back Bob Benton, former
Chairman, as a non-executive director.

I have previously reported that progress on development projects was
encouraging. Certain of these projects are now coming to fruition, we are
starting to realise profits from these projects and look forward to benefitting
further over future periods.

Terry Bate

Chairman

26 January 2012

Business Review and Principle Activities

As the Chairman has stated above, this year has shown a significant improvement
for the Company against a background of continuing difficulty for the industry
and economy at large.

We reported last year that the Group was embarking on the production of its
first major feature film, eventually entitled `Outside Bet'. I am pleased to
say that production went without hitch and that it is to be distributed by
Universal to go on theatrical release in UK cinemas from 13 April 2012. It is
worth noting that the majority of films produced in the UK do not routinely get
a theatrical release, so to achieve this at our first attempt and with such a
big name as Universal is very encouraging. As a result, we are now considering
other possible movie projects and already have a number of new scripts in the
early stages of development.

Having made the move into `scripted' projects, I am also pleased to report that
in July, we went into production on `My Phone Genie' a 26 half hour children's
comedy series for ITV which completed shooting in December. Long term
shareholders may remember that we have had faith in this project for many
years, so finally bringing it to production reflects the level of persistence
required in this business when you know that you have something good! In the
current financial climate, structuring this project as a four way international
co-production took a lot of work but as a result we feel that we have created a
new model with new partners which we hope will be replicated on other projects
in the future.

With both of these scripted productions reaching audiences early in 2012, we
have already developed a number of other scripted comedy projects which are
currently being pitched to broadcasters.

In addition to our scripted projects, we have not given up on `entertainment'
or `reality' programming and continue to develop and pitch a slate of projects
in this area, some of which we recently pitched to US broadcasters and
potential co-producers in Los Angeles.

In factual, Talent South continues to progress well and we were all delighted
not only with the audience figures for the first series of `Fred Dinenage -
Murder Casebook' but also with its re-commission for a second series which
reflects a consistent level of quality which we are confident will lead to
further commissions in the future.

This increase in production, coupled with an increased contribution to income
from the exploitation of our back catalogue, means that we currently have more
visibility into the future than we have had at any time in the past three
years. Therefore as we push forward into 2012, I would like to thank our
Chairman, board of directors and shareholders for their continued support
through what has been a very difficult period. This support along with the
continued belief and effort of all of the Talent Television and Talent
Television South staff has taken the Company back to a position where
meaningful profits and, in turn, an increase in shareholder value is again a
realistic objective.

Tony Humphreys

Managing Director

26 January 2012

Further Enquiries

Talent Group plc

Tony Humphreys Tel: 020 7415 7114

Merchant Securities Limited

John East/Simon Clements Tel: 020 7628 2200


Audited consolidated income statement for the year ended 30 September 2011

2011 2010

Notes £'000 £'000

Revenue 874 653

Cost of sales (358) (311)

Gross profit 516 342

Administrative expenses (441) (792)

Operating profit /(loss) 75 (450)

Finance income - 1

Finance costs (55) (43)

Profit / (loss) before taxation 20 (492)

Taxation 2 11 -

Profit / (loss) for the year 31 (492)

Profit / (loss) per share (pence) 3 0.165p (2.76p)

Diluted profit / (loss) per share (pence) 3 0.156p (2.67p)

The income statement has been prepared on the basis that all operations are
continuing operations.

The accounting policies and the notes, which are set out in the Company's
report and accounts, form an integral part of these financial statements.

There are no recognised gains or losses other than those passing through the
income statement.

Audited consolidated balance sheet as at 30 September 2011

2011 2010

Notes £'000 £'000 £'000 £'000

Assets

Non-current assets

Goodwill 1,082 1,082

Other intangible assets - 25

Property, plant & equipment 21 31

1,103 1,138

Current assets

Inventories 55 6

Trade receivables 248 42

Cash & cash equivalents 4 29 31

332 79

Total assets 1,435 1,217

Equity and liabilities

Equity

Share capital 6,368 6,329

Share premium 11,822 11,731

Share option reserve 141 133

Retained earnings (18,331) (18,362)

Total equity - (169)

Current liabilities

Borrowings 5 862 889

Trade & other payables 6 573 497

Total Liabilities 1,435 1,386

Total equity & liabilities 1,435 1,217

Audited consolidated cash flow statement from the year ended 30 September 2011

2011 2010

Notes £'000 £'000 £'000 £'000

Cash flows from operating
activities

Profit / (loss) before taxation 20 (492)

Adjustments for:

Depreciation of tangible assets 12 13

Amortisation of intangible assets 25 6

Share option reserve 8 -

Interest received - (1)

Interest paid 55 43

120 (431)

Increase in trade & other (257) (1)
receivables

Decrease in inventories (49) 51

Increase in other payables 127 226

(59) (155)

Tax refund received 11 -

Tax paid - -

Net cash from operating activities (48) (155)

Cash flows from investing
activities

Purchase of property, plant and (2) (10)
equipment

Interest received - 1

Net cash used in investing (2) (9)
activities

Cash flows from financing
activities

Proceeds from borrowing - 162

Proceeds from issue of shares 130 70

Interest paid (55) (43)

Net cash used in financing 75 189

Net increase in cash and cash 7 25 25
equivalents

Cash and cash equivalents at the
beginning

of the year 7 4 (21)

Cash and cash equivalents at the 7 29 4
end of the year

Audited consolidated statement of changes in equity from the year ended 30
September 2011

At 1 October 20096,31511,675126(17,870)246

Share Share Share Retained Total
Option
Capital Premium Earnings £'000
Reserve
£'000 £'000 £'000
£'000




Changes in equity

Loss for the year - - - (492) (492)

Equity share option - - 7 - 7
recognised

New shares issued 14 56 70

At 1 October 2010 6,329 11,731 133 (18,362) (169)

Changes in equity

Profit for the year - - - 31 31

Equity share option - - 8 - 8
recognised

New shares issued 39 91 130

At 30 September 2011 6,368 118222 141 (18,331) -


Notes to the preliminary results for the year ended 30 September 2011

1. Basis of preparation

These financial statements have been prepared in accordance with International
Financial Reporting Standards, International Accounting Standards and
Interpretations (collectively IFRS) issued by the International Accounting
Standards Board (IASB) as adopted by European Union ("adopted IFRSs"), and are
in accordance with IFRS as issued by the IASB.

The financial information set out above does not constitute the Company's
statutory accounts for the years ended 30 September 2010 and 2011, but is
derived from those accounts. Statutory accounts for 2010 have been delivered to
the Registrar of Companies and those for 2011 will be shortly. The Auditors
have reported on those accounts; their reports were unqualified and did not
contain statements under the Companies Act 2006 section 498.

2. Taxation

2011 2010

£'000 £'000

Domestic current year tax

UK corporation tax - -

Domestic prior year tax

UK corporation tax - refund 11 -

11 -

Factors affecting the tax charge for the period:

Profit/(loss) on ordinary activities before 20 (492)
taxation

Profit/(loss) on ordinary activities multiplied by
the standard rate of

Corporation tax in the UK of 20 per cent. (2010: 4 (103)
21 per cent.)

Expenses not deductible for tax purposes 10 8

Depreciation in excess of capital allowances for 1 3
the year

Utilisation of tax losses (15) 92

Prior year tax 11 -

Current tax charge for the year 11 -


3. Loss per share

2011 2010

£'000 £'000

Numerator

Basic/Diluted: Net profit /(loss) 31 (492)

Denominator

Basic: Weighted average shares 18,794,777 17,847,817

Effect of diluted securities: stock options 1,027,500 577,500

Diluted: Adjusted weighted average shares 19,822,277 18,425,317

Basic profit/(loss) per share is calculated by dividing the net profit/(loss)
for the period attributable to ordinary shareholders by the weighted average
number of ordinary shares outstanding during the period.

Diluted profit/(loss) per share is computed using the weighted average number
of shares outstanding during the period adjusted for the dilutive effect of
stock options outstanding for the period.

4. Cash and cash equivalents

2011 2010

£'000 £'000

Cash at bank and in hand 29 31

Bank overdraft - (27)

29 4

5. Borrowings

2011 2010

£'000 £'000

Bank overdraft - 27

Other loans 862 862

862 889

The above borrowings are loans from Terry Bate, Non-Executive Chairman. On the
first loan of £700,000, interest is payable monthly at the rate of a minimum of
6 per cent per annum. During the year to 30 September 2010 Mr Bate provided a
further loan facility to the Company as production finance for a commission
that was subsequently cancelled. At 30 September 2010 and 30 September 2011 £
162,000 remained outstanding under this facility. Interest on this loan is
payable at the rate of 7 per cent. per annum. The loans are unsecured and no
guarantees were given.

a) Ageing

The loans are due on demand.

b) Fair values

Cash and cash equivalents

The carrying value approximates to fair value.

Other assets and liabilities

No disclosure of fair value has been made as the carrying value is a reasonable
approximation of the fair value.

6. Trade and other payables: amounts falling due within one year

2011 2010

£'000 £'000

Social security and other taxes 47 144

Other payables 33 58

Accruals and deferred income 493 295

573 497

7. Reconciliation of net cash flow to movement in cash and cash equivalents

2011 2010

£'000 £'000

Net increase in cash and cash equivalents 25 25

Cash and cash equivalents at beginning of year 4 (21)

Cash and cash equivalents at end of year (note 29 4
4)

8. Financial commitments

Office Office Land and Land and

equipment equipment buildings buildings

2011 2010 2011 2010

£'000 £'000 £'000 £'000

At 30 September 2010, the Group
had commitments under non -
cancellable operating leases as
follows:

Expiry date:

Less than one year - - 8 -

Between two and five years 2 4 - 50

At 30 September 2011 there are no terms of renewal or purchase options and
escalation clauses. There are also no restrictions imposed by lease
arrangements concerning dividends, additional debt and further leasing.

9. Dividend

The Directors do not propose a dividend payment.

10. Copies of report and accounts

Copies of the Report and Accounts will be posted to shareholders shortly, will
be available from the Company's registered office Lion House, Red Lion Street,
London WC1R 4GB and will be available from the Company's website
www.talenttv.com.



END



ENDTVRVFLFXFBFFFBX

3 October 2011

Talent Group plc

(`Talent' or the `Company')

Subscription to raise £88,900

On 30 September 2011 Talent issued 2,540,000 new ordinary shares at 3.5p per
share (`Placing Shares') to raise £88,900 before expenses for the Company (the
`Placing'). The placees include certain directors of the Company, as set out
below. The Placing is conditional upon admission of the new ordinary shares to
trading on AIM. The funds raised will be used to provide working capital
generally.

Mr Terry Bate (Chairman of the Company), Mr Tony Humphreys (Managing Director),
Mr Stephen Callen (Finance Director), Mr Robert Benton (non-executive director)
and Mr George Kynoch (non executive director) are subscribing respectively for
642,857, 80,000, 100,000, 714,286 and 300,000 Placing Shares.

Following the subscription, Mr Bate will hold a total of 5,642,857 ordinary
shares, equivalent to 25.7% of the then enlarged share capital of the Company;
Mr Humphreys will hold a total of 2,926,993 ordinary shares, equivalent to
13.3% of the then enlarged share capital of the Company; Mr Callen will hold a
total of 200,000 ordinary shares, equivalent to 0.9% of the then enlarged share
capital of the Company; Mr Benton will hold a total of 2,750,122 ordinary
shares, equivalent to 12.52% of the then enlarged share capital of the Company,
and Mr Kynoch will hold 300,000 ordinary shares, equivalent to 1.37% of the
then enlarged share capital of the Company.

Due to the fact that they are directors of the Company and, in the case of Mr
Bate, Mr Humphreys and Mr Benton, by virtue of the size of their shareholdings
and subscriptions, the participation in the Placing of Mr Bate, Mr Humphreys,
Mr Callen, Mr Benton and Mr Kynoch constitutes a related party transaction as
defined by the AIM Rules. Ms Kate Beal, an independent director of the Company
for these purposes, having consulted with Merchant Securities Ltd, the
Company's nominated adviser, considers that the participations in the Placing
by Messrs Bate, Humphreys, Callen, Benton and Kynoch are fair and reasonable
insofar as Shareholders are concerned.

Application will be made for the Placing Shares to be admitted to trading on
AIM and admission is expected to become effective and dealings are expected to
commence on 7 October 2011. Following the admission of these shares, the
Company will have a total of 21,960,284 ordinary shares in issue.

ENQUIRIES:

Talent Group plc

Tony Humphreys Tel 020 7415 7114

Merchant Securities Limited

John East / Simon Clements Tel 020 7628 2200



END

28 June 2011



Talent Group plc
("Talent" or the "Company" or the "Group)

Unaudited interim results for the six month period ended 31 March 2011

CHAIRMAN'S STATEMENT

I am pleased to present the Group's results for the 6 months ended 31 March
2011. It gives me some satisfaction finally to be able to report a profit,
albeit an extremely modest one. Turnover for the period under review was £
472,000 (2010: £225,000) on which the gross profit was £287,000 (2010: £
115,000). Profit before taxation was £5,000 (2010: loss of £202,000), whilst a
corporation tax refund of £11,000 lifted net profits after taxation to £16,000.
Earnings per share were 0.09p (2010: loss of 1.15p).

Trading conditions in the broadcast television sector remain difficult for
independent production companies such as Talent. However, I am sure that
shareholders have heard enough from me on this subject over the last three
years, so I will concentrate instead on more positive aspects.

Our first ever feature film, a co-production based on the book The Mumper and
starring Bob Hoskins and Jenny Agutter, completed filming in the period under
review, and is now in the final stages of post-production. The film is to be
distributed by Universal, and is expected to have its cinema release, with the
new title 'Outside Bet', towards the end of 2011. Our half-year results include
production fees received on this project: future income will be dependent on
the film's commercial success, and will impact on our 2012 results.

Another Talent Television long-term project, My Phone Genie, is due to commence
filming in July, with the first programmes available to broadcasters from
October. Again, the Group will receive production fees over the period of
production, and retains a significant share of commercial rights, the value of
which will be dependent on the success of the programmes.

Talent South has completed eight one-hour crime documentaries for the Crime and
Investigation Channel. This has been broadcast to strong viewing figures for
the slot, resulting in a commission for a further eight episodes.

Our results for the full year to September 2010 were adversely affected by the
£174,000 bad debt incurred as a result of the late cancellation of the Aura
project. Whilst we were repeatedly assured by the Event organisers, Aura
Football Limited, that we would be paid in full, the company went into
liquidation over the Christmas period. The fall-out from this has continued
adversely to affect our cash-flow, which remains extremely tight.

We continue to drive down overheads and to position ourselves for future
growth. The last three months have seen some significant board changes.
Jonathan Glazier, our director of entertainment, has stood down from the board
but continues to work with the Group on the development of new entertainment
projects. Kate Beal, managing director of Talent South, has joined the Group
board, and we are pleased to welcome back Bob Benton, former Chairman, as a
non-executive director.

In my last year's interim report, I commented that progress on development
projects was encouraging, and we hoped that these would provide a strong
platform for future growth. We are now starting to realize these benefits, and
look forward to benefitting further over future periods.

Terry Bate
Chairman

27 June 2011

FURTHER ENQUIRIES
Talent Group plc
Tony Humphreys (Managing Director) 020 7822 3900

Merchant Securities Limited
John East / Simon Clements 020 7628 2200




CONSOLIDATED INCOME STATEMENT FOR THE SIX MONTHS ENDED 31 MARCH 2011

Six months ended Six months ended
31-Mar 31-Mar Year ended
2011 2010 30-Sep
2010
(Unaudited) (Unaudited) (Audited)
£'000 £'000 £'000

Revenue 472 225 653
Cost of sales (185) (110) (311)

Gross profit 287 115 342

Administrative expenses (255) (296) (792)
Finance income - - 1
Finance costs (27) (21) (43)

Profit / (loss) before taxation 5 (202) (492)

Income tax expense - prior year refund 11 - -
- current year - - -

Profit / (loss) for the period 16 (202) (492)

Basic earnings /(loss) per share (pence) 0.09p (1.15p) (2.76p)

Diluted earnings/(loss) per share (pence) 0.08p (1.13p) (2.67p)



CONSOLIDATED BALANCE SHEET AS AT 31 MARCH 2011

31-Mar 31-Mar 30-Sep
2011 2010 2010
(Unaudited) (Unaudited) (Audited)
£'000 £'000 £'000 £'000 £'000 £'000

Assets

Non-current Assets
Goodwill 1,082 1,082 1,082
Other intangible assets 22 28 25
Property, plant & equipment 27 30 31

1,131 1,140 1,138

Current assets

Inventories 60 41 6
Trade receivables 120 16 42
Cash & cash equivalents 5 1 31

185 58 79

Total assets 1,316 1,198 1,217

Equity and liabilities

Equity
Share capital 6,342 6,329 6,329
Share premium 11,759 11,731 11,731
Share option reserve 136 129 133
Retained earnings (18,346) (18,072) (18,362)

Total equity (109) 117 (169)

Current liabilities
Bank overdraft 30 31 27
Borrowings 862 700 862
Trade & other payables 533 350 497

Total liabilities 1425 1,081 1,336

Total equity & liabilities 1,316 1,198 1,217


CONSOLIDATED CASH FLOW STATEMENT FOR THE SIX MONTHS ENDED 31 MARCH 2011

Six months ended Six months ended
31-Mar 31-Mar Year ended
2011 2010 30-Sep
(Unaudited) (Unaudited) 2010
(Audited)
£'000 £'000 £'000

Cash flows from operating activities

Profit / (loss) before taxation 5 (202) (492)
Adjustments for:
Depreciation of tangible assets 4 5 13
Amortisation of intangible assets 3 3 6
Share option reserve 3 3 -
Interest received - - (1)
Interest paid 27 21 43

42 (170) (431)

(Increase)/decrease in trade and other receivables (78) 26 (1)
(Increase)/decrease in inventories (54) 16 51

Increase in trade and other payables 36 71 226

(54) 113 (155)

Tax refund received 11 - -
Tax paid - - -

Net cash flows from operating activities (43) (57) (155)

Cash flows from investing activities
Purchase of property, plant and equipment - (1) (10)
Interest received - - 1

Net cash used in investing activities - (1) (9)

Cash flows from financing activities
Proceeds from issue of shares 41 70 70
Proceeds from borrowings - - 162
Interest paid (27) (21) (43)

Net cash from financing activities 14 49 189

Net cash decrease in cash and cash equivalents (29) (9) 25

Cash and cash equivalents at beginning of period 4 (21) (21)

Cash and cash equivalent at end of period (25) (30) 4



CONSOLIDATED STATEMENT OF CHANGES IN EQUITY FOR THE SIX MONTHS ENDED 31 MARCH
2011

Share
Share Share Option Retained
Capital Premium Reserve Earnings Total
£'000 £'000 £'000 £'000 £'000

At 30 September 2010 6,329 11,731 133 (18,362) (169)
New shares issued 13 28 - - 41
Profit for period - - - 16 16
Equity share option recognised - - 3 - 3

At 31 March 2011 6,342 11,759 136 (18,346) (109)


Share
Share Share Option Retained
Capital Premium Reserve Earnings Total
£'000 £'000 £'000 £'000 £'000

At 30 September 2009 6,315 11,675 126 (17,870) 246
New shares issued 14 56 70
Loss for period - - - (202) (202)
Equity share option recognised - - 3 - 3

At 31 March 2010 6,329 11,731 129 (18,072) 117



NOTES TO THE HALF-YEARLY RESULTS FOR THE SIX MONTHS ENDED 31 MARCH 2011

1. BASIS OF PREPARATION

The interim report is unaudited and does not constitute statutory accounts
within the meaning of s498 of the Companies Act 2006. The statutory accounts
for 2010, which were prepared under IFRS, have been delivered to the Registrar
of Companies. The auditor's opinion on these accounts was unmodified and did
not contain a statement under s498 of the Companies Act 2006.

The interim financial information has been prepared on a basis which is
consistent with the accounting policies adopted by the Company for the last
financial statements and in compliance with IAS 34.

Comparative figures are given for the six months ended 31 March 2010 and the
year ended 30 September 2010.

2. REVENUE and loss on ordinary activities before taxation

The results for the six months ended 31 March 2011 and 31 March 2010 are
unaudited. The audited results for the year ended 30 September 2010 have also
been shown.

By geographical location 2011 2010
Profit Loss
Before Before
Revenue Taxation Revenue Taxation
£'000 £'000 £'000 £'000

United Kingdom 452 5 225 (202)
Europe 20 - - -

472 5 225 (202)

3. EARNINGS PERORDINARY SHARE

The earnings per share is based on a profit for the period of £16,000 (six
months ended 31 March 2010: a loss of £202,000; year ended 30 September 2010: a
loss of £492,000), being the profit or loss attributable to ordinary
shareholders, and a weighted average of 18,144,460 (31 March 2010: 17,631,822;
30 September 2010: 17,847,817) ordinary shares.

The diluted earnings/(loss) per share is based on a time weighting of the
options granted by the current Talent Group employee share option plan.

4. Reconciliation of net cash flow to movement IN Cash and cash eqivalents

31-Mar 31-Mar 30-Sep
2010 2010 2010
(Unaudited) (Unaudited) (Audited)
£'000 £'000 £'000

Decrease in cash and cash equivalents in the
period (29) (9) 25

Cash and cash equivalents at beginning of 4 (21) (21)
period

Cash and cash equivalents at end of period (25) (30) 4

5. COPIES OF THE INTERIM RESULTS

Copies of the half-yearly results will be available from the Company's
registered office Lion House, Red Lion Street, London WC1R 4GB and will be
available from the Company's website www.talenttv.com.


END