Half-year Report

HML HOLDINGS Plc

("HML")

HALF YEAR RESULTS

HML Holdings Plc (AIM: HMLH), the property management services group, today announces its interim results for the six months to 30 September 2016.

Highlights for the six month period:

· Revenue up 13% to £10.2 million (2015: £9.0 million)

· 13% increase in profit from operations before interest, amortisation, share based payment charges and tax to £920,000 (2015: £815,000)

· Successful integration of new acquisitions

· Basic earnings per share 1.4p (2015: 1.3p)

· Adjusted earnings per share 2.1p (2015: 1.8p). Adjusted earnings are calculated before interest, amortisation and share based payment charges.

Commenting on the results, Robert Plumb, Chief Executive Officer of HML Holdings Plc said:

"We are pleased to report a 13% improvement in our half year earnings. This outcome is especially significant as the group has successfully integrated a number of acquisitions during the period and improved and grown the infrastructure necessary to facilitate further organic and acquisition growth."

For further information:

HML Holdings Plc Tel: 020 8439 8529

Robert Plumb, Chief Executive Officer

James Howgego, Chief Financial Officer

Tavistock Tel: 020 7920 3150

Jeremy Carey

James Verstringhe

FinnCap Tel: 020 7220 0500

Jonny Franklin-Adams/Giles Rolls - Corporate Finance

Mia Gardner - Corporate Broking

REVIEW OF BUSINESS

We are pleased to report earnings before interest share-based payments, amortisation and tax of £0.9m (2015: £0.8m), representing a 13% (2015: 3%) increase compared with the equivalent period last year. Revenues grew by 13% to £10.2m (2015: £9.0m) with growth contributions from all of our operating sectors. As previously announced, the group has acquired a number of businesses and management portfolios in this period. These businesses have contributed £0.6m or 50% of the total growth in revenues. Transactional fee income was moderately affected by a slow down in pre-contract enquiries, which comprised 3% of revenues (2015: 5%).

Following the initial investment of integrating these acquisitions into our infrastructure, we look forward to realising the incremental earnings that they will provide over time. We are pleased to report period on period revenue growth across all divisions with insurance and surveying contributing the most significant improvements.

We have seen an improvement in new business volumes since we expanded our new business teams which is being supported by an increasingly enfranchised leasehold market that is demanding better value for money and a high quality of service. While some historical challenges remain for HML in the non-enfranchised part of the leasehold sector, we remain confident of our growing presence in the residential management company market. We have continued to provide professional advice to leaseholders seeking to enfranchise which creates opportunities to provide new management instructions. HML has provided enfranchisement advice to the leaseholders at Canary Riverside, a prestigious site comprising more than 325 flats near Canary Wharf, which resulted in us being rewarded with a court appointment to be receiver manager for three years.

Over the last six months, we have made several notable improvements to the group's infrastructure and supporting systems. These include the re-branding of the company which included a new website, as well as the centralisation and automation of our human resource management system.

We anticipate continuing opportunities for growth, both organically and by acquisition, despite the uncertain economic outlook. Compliance to a growing set of regulatory requirements, which include new controls for Construction Design and Management as well as the new service standards of the Association of Residential Managing Agents, will continue to divide the market into property owners who respect and will adhere to these requirements and those who will opt for a lower cost and less compliant alternative. We believe that HML's adherence to these regulations and standards will ensure continuous growth in the high quality portion of the market.

Robert Plumb

Chief Executive Officer

15 November 2016

HML HOLDINGS PLC

CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME

HML HOLDINGS PLC

CONSOLIDATED STATEMENT OF FINANCIAL POSITION

COMPANY NUMBER: 5728008

HML HOLDINGS PLC

CONSOLIDATED STATEMENT OF CHANGES IN EQUITY

HML HOLDINGS PLC

CONSOLIDATED STATEMENT OF CASH FLOWS

HML HOLDINGS PLC

NOTES TO THE ACCOUNTS

1. General Information

The interim unaudited financial information was approved by the board on 15 November 2016.

The results for the year ended 31 March 2016 have been audited whilst the results for the six months ended 30 September 2015 and 30 September 2016 are unaudited. The financial information contained in this interim report does not constitute statutory accounts for that period. The statutory accounts for the previous year, which were prepared under International Financial Reporting Standards ('IFRS'), have been delivered to the Registrar of Companies. The auditor's opinion on those accounts was unqualified, did not draw attention to any matters by way of emphasis and did not contain a statement under section 498 (2) or 498 (3) of the Companies Act 2006.

Copies of the interim report are available from www.hmlholdings.com or from the Company Secretary at HML Holdings plc, 9-11 The Quadrant, Richmond, Surrey, TW9 1BP.

2. International Financial Reporting Standards

The consolidated financial information has been prepared using accounting policies consistent with IFRS as adopted by the European Union applied in accordance with the provisions of the Companies Act 2006.

The accounting policies applied are consistent with those of the audited annual financial statements for the year ended 31 March 2016 and expected to apply for the year ended 31 March 2017.

Whilst the financial figures included in this interim report have been computed in accordance with IFRS, this interim report does not contain sufficient information to constitute an interim financial report as that term is defined in IAS 34.

3. Taxation

Taxation for the six months to 30 September 2016 is based on the effective rate of taxation which is estimated to apply for the year ending 31 March 2017.