Half-year Report

BLOCKCHAIN WORLDWIDE PLC

("Blockchain" or "the Company")

Interim Report for the period ended 31 December 2017

Blockchain (ticker: BLOC) announces its unaudited interim financial results for the period ended 31 December 2017.

Period highlights

· On 21 September 2017, the Company was admitted to the standard segment of the Official List and to trading on the London Stock Exchange's Main Market 

· Raised £1.5 million cash (gross) through the listing of 30,000,000 new ordinary shares

Post period highlight

· Change in strategy from investing in telecoms to seeking business in the blockchain technology sector and changed name to Blockchain Worldwide plc

Jon Hale, Chairman of Blockchain said: "Since the revision in investment strategy and name change, Blockchain has been analysing a number of tremendously exciting opportunities. We continue to make good progress towards a potentially game changing deal within the blockchain space and will update the market as soon as we are able."

For information please contact:

CHAIRMAN'S STATEMENT

Introduction

I am pleased to present the unaudited interim results for the period ended 31 December 2017.

Blockchain floated on to the standard listing of the official list on the London Stock Exchange on 21 September 2017, with the name Stapleton Capital plc. The Company was created to acquire a company or business in the telecoms sector.

During this interim period, Blockchain recorded a loss of £7,501, being the minimal running costs of the company. As the directors draw no salary, the ongoing costs are only minor administrative expenses. Cash assets at period end were nearly £1.45 million with no debts.

During the period, the Directors identified a number of blockchain technology investment opportunities. Blockchain is a digital networked database system of ledgers that can record almost any type of data or transaction. Currently blockchain's mainstream use is as the basis for digital currency, however it has applications across multiple other industries. It is within these industries that the Directors believe the technology has the potential to cause major disruption and that they will focus the Company's resources.  As a result, the Board has decided to change the Company's investment remit to consider acquisitions within the blockchain technology industry. To reflect this, the name of the Company was changed to Blockchain Worldwide plc on 19 January 2018. 

Outlook

We continue to make good progress towards a potentially game changing deal within the blockchain space and will update the market as soon as we are able.

Jon Hale

Chairman

8 May 2018

INTERIM STATEMENT OF COMPREHENSIVE INCOME

FOR THE PERIOD FROM 15 FEBRUARY 2017 TO 31 DECEMBER 2017

INTERIM STATEMENT OF FINANCIAL POSITION AS AT 31 DECEMBER 2017

INTERIM STATEMENT OF CHANGES IN EQUITY

FOR THE PERIOD FROM 15 FEBRUARY 2017 TO 31 DECEMBER 2017

INTERIM STATEMENT OF CASH FLOW

FOR THE PERIOD FROM 15 FEBRUARY 2017 TO 31 DECEMBER 2017

NOTES TO THE UNAUDITED INTERIM REPORT

FOR THE PERIOD ENDED 31 DECEMBER 2017

1. BASIS OF PREPARATION

The interim financial statements have been prepared on a going concern basis and in accordance with the recognition and measurement principles of International Financial Reporting Standards adopted for use in the European Union ("IFRS").

The interim financial statements for the period ended 31 December 2017 have not been audited and do not constitute statutory accounts within the meaning of Section 434 of the Companies Act 2006. 

This Interim Financial Report was approved by the Board of Directors on 4th May 2018.

Statement of compliance

These condensed consolidated interim financial statements have been prepared in accordance with International Accounting Standard ('IAS') 34 - Interim Financial Reporting as adopted by the European Union. Accordingly the interim financial statements do not include all of the information or disclosures required in the annual financial statements. 

2. TURNOVER AND SEGMENTAL ANALYSIS

All of the Company's activity and income and expenses in the period ended 31 December 2017 were incurred in the United Kingdom, and relate to Blockchain's ongoing investment activities.

3. LOSS PER SHARE

The calculation of the basis and diluted earnings per share is based on the following data:

The denominator for the purpose of calculating the basic earnings per share has been adjusted to reflect all capital raisings.

4. SHARE CAPITAL

5. AVAILABILITY OF INTERIM RESULTS

Copies of the Interim Results for the period to 31 December 2017 are available from the Company's registered address and will be available on the Company's website, later today.