(SHOK) Shellshock

RNS Number : 6758E Shellshock Limited 23 December 2009

Shellshock Limited announces unaudited interim results for the 6 months ended 30 September 2009

Belize City, Belize, 23 December 2009 - Shellshock Limited (London-AIM: SHOK) ("Shellshock" or the "Company") reported a net profit of *22,000 for the 6 months ended 30 September 2009 (2008 - loss *76,000). Basic and diluted loss per ordinary share for the 6 months ended 30 September 2009 amounted to 0.37 pence (2008 - loss per ordinary share 1.27 pence).

The Company continues its search for investment opportunities in line with its stated strategy which includes possible investment in either one or more quoted or unquoted businesses that may have been set up by entrepreneurs with good strategic plans and need financial backing and the support of the experienced Shellshock management team.

Further details are set out in the Company's AIM Admission document dated 4 October 2007 and on the Company's web site.

For further information contact:

Shellshock Limited

Belize +501 223 5989

UK +44 (0)20 7248 6700

Note: This and other press releases are available at the Company's web site: http//www.shellshocklimited.com.

Shellshock Limited Summarised income statement (unaudited)
Six months ended September 30 2009 2008
*000 *000
Interest income 62 63
Administrative expenses (40) (139)
Net profit (loss) before and after taxation 22 (76)
Earnings (loss) per ordinary share (basic and diluted) (in 0.37 (1.27)

pence)

Shellshock Limited September 30 2009 March 31 2009
Summarised balance sheet (unaudited) *000 *000

Current assets
Cash and cash equivalents 2,953 2,955
Other receivables 6 18
Total assets 2,959 2,973

Current liabilities
Other payables (32) (68)
Net assets 2,927 2,905

Shareholders' equity
Share capital 3,000 3,000
Retained earnings (73) (95)
Total shareholders' equity 2,927 2,905

Shellshock Limited Summarised statement of cash flows (unaudited)
Six months ended September 30 2009 2008
*000 *000

Operating activities
Net cash (utilised by) generated from operating activities (2) 17
Net (decrease) increase in cash for the period (2) 17
Cash at beginning of period 2,955 3,055
Cash at end of period 2,953 3,072