HML Holdings PLC Half Yearly Report

HML HOLDINGS Plc

("HML or "the Group")

HALF YEAR RESULTS

HML Holdings plc (AIM: HMLH.L), the property management services group, today announces its interim results for the six months to 30 September 2013.

Highlights for the six month period:

· Revenue up 16% to £7.2 million (2012: £6.2 million)

· 25% increase in operating profit before interest, amortisation and share based payment charges to £691,000 (2012: £551,000)

· Successful integration of acquisitions

· Earnings per share 1.2p (2012: 0.9p)

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

"We are pleased to be reporting improvements in revenues and earnings as HML succeeds both in assimilating our acquisitions and achieving further organic growth in our properties under management".

For further information:

HML Holdings Plc Tel: 020 8439 8529

Robert Plumb, Chief Executive

James Howgego, Financial Director

Tavistock Communications Limited Tel: 020 7920 3150

John West

James Verstringhe

FinnCap Tel: 020 7220 0500

Ed Frisby/Christopher Raggett - Corporate Finance

Simon Starr - Corporate Broking

CHAIRMAN'S AND CHIEF EXECUTIVE'S REPORT

In the first half of the year revenues increased by 16% to 7.2 million (2012: £6.2 million), of which 11% was generated from organic growth (2012: 10%). We are also pleased to report the effect of the first full period of trading for the Guthrie Partnership, which we acquired in February 2013 and contributed the remaining 5% of revenue growth.

This growth, combined with an improvement in our operating margins, has led to a 25% increase in operating profit before interest, share based payment charges, amortisation and taxation.

HML continues to enjoy organic revenue and earnings growth through both a steadily increasing share of the existing block management market, as well as an increasing flow of new build instructions. The growing contribution of client referrals to the Group's new business volume is noticeable and a tribute to improving customer satisfaction levels.

During the course of the first half of the year, we have commenced a number of process and systems development projects which will add significantly to the Group's operating efficiency. These include the centralisation of our Contractor Accreditation Process, as well as the development of Client Access and Payment portals. We have similarly evolved our business acquisition procedures to minimise the impact to operations during the integration of businesses into our Group.

Following the period end, we announced the portfolio acquisition of PR Gibbs in Bolton and LHH Property Management in Kensington. We are confident that both of these businesses will assimilate well into our existing business structure.

While the Residential Block Management market place remains a competitive one, HML continues to believe it is well placed to take advantage both of the growth opportunities in the market and the trend towards a minimum requirement for service quality and transparency.

Richard Smith Robert Plumb

Chairman Chief Executive

11th November 2013

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 11 November 2013.

The results for the year ended 31 March 2013 have been audited whilst the results for the six months ended 30 September 2012 and 30 September 2013 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 auditors' 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 2013.

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 2013 is based on the effective rate of taxation which is estimated to apply for the year ending 31 March 2014.