Interim Results

15 March 2016

Management Resource Solutions PLC

("MRS" or the "Company")

Interim Results for the period Ended 31 December 2015

MRS, the human capital resource consultancy quoted on AIM, is pleased to announce its interim results for the period ended 31 December 2015.

Financial Highlights

Operational Highlights

Post period end update and outlook

Paul Morffew, MRS CEO said:

"Although we suffered the frustration of spending much of the first half of the financial year with our shares suspended while we progressed the transformative acquisition of Bachmann, considerable operational progress was made with a significant contract win in Papua New Guinea. The business has ended the period in a good financial position, with stable revenue streams and a reduced cost base.

"Post period end we announced the acquisition of Bachmann, which has added a significant new business line to the Company and is a transformative step for our business. Alongside Bachmann, we were also pleased to announce the partnership with Efic, which is a great endorsement for the enlarged business.

"I would like to take this opportunity to welcome Christopher John Berkefeld to the Board and also to thank shareholders for their support and patience in what has been another exciting period for MRS.

"We have already started the second half of the financial year at a pace and we believe the demand for work in Australia has increased after a lull in the resources sector during 2015. I look forward to updating you as to our progress in the coming months."

- Ends -

For further information:

CEO Statement

Dear Shareholders,

Our aim during the past half-year ended 31 December 2015 (HY 15) was to stabilize our turnover whilst progressing the acquisition of the Bachmann Plant Hire Group ("Bachmann"). We have made good progress on this with the acquisition of Bachmann completing at the end of January 2016 and the enlarged MRS group being readmitted to trading on AIM on 1 February 2016.

Revenue in the first half of 2015 was lower than the previous year, reflecting a decline in the provision of contract personnel and the slower than expected progress of the Papua New Guinea ("PNG") project, with weather and construction issues being the major influencer in these delays. This project is set for completion in mid-2016 and forms an integral part of MRS's larger expansion and diversification strategy in and around PNG.

As an example of our continued diversification, MRS has recently tendered on a large demolition project which is outside our normal sphere of activity. The project is due to start mobilization at end of March 2016 and would run for approximately 6 - 9 months if we were successful with the tender winner due to be advised 22 March 2016.

The Bachmann group has had an excellent first half year to 31 December 2015. These are based on the management reports and unaudited financial statements but will give us a good idea of the positive impact the transaction will have on the enlarged MRS group in the future. The turnover for the Bachmann group was A$13.4M and they reported an unaudited profit of A$1.7M. These numbers do not include any potential rebates for fuel.

The acquisition of Bachmann will provide many synergies to the existing business such as streamlining reporting through systems, access to larger tenders as the enlarged group now has experience and turnover for larger projects, an increased offering of services, additional benefits of the MRS international accreditations which should ultimately lead to a safer workplace and more tender opportunities outside the current region where Bachmann works. I am pleased to advise that the utilization of Bachmann machines at present is around 90-95% and we are currently renting machinery from other companies in order to meet the excess demand.

The company continues to look for suitable acquisitions in the region to expand our service offerings. We do believe the demand for work in Australia has increased after a lull in the resources sector during 2015.

Whilst the company is in the middle of stabilizing and getting a firm grasp of the Bachmann business the company will not announce an interim dividend at this stage.

On behalf of the Board, I would like to thank all employees at MRS for their dedication and for the progress the company has made. I would also like to thank our shareholders for their continued support.

Paul Morffew

CEO

Management Resource Solutions PLC

Management Resource Solutions PLC

Management Resource Solutions PLC

Condensed Consolidated Statement of Changes in Equity (unaudited)

Management Resource Solutions PLC

Management Resource Solutions PLC

1. Accounting Policies

The condensed consolidated unaudited interim financial information set out in this report is based on the financial statements of Management Resource Solutions Plc ("MRS"). The condensed financial information should be read in conjunction with the annual financial statements for the year ended 30 June 2015, which were prepared in accordance with International Financial Reporting Standards. The financial statements for the Group for the six months ended 31 December 2015 were approved and authorised for issue by the Board on 3 March 2016. These financial statements have been prepared in accordance with the accounting policies that are expected to be applied in the Report and Accounts of MRS for the year ending 30 June 2016 and are consistent with International Financial Reporting Standards adopted for use in the European Union.

2. Basis of preparation

The financial information for the six months ended 31 December 2015 and 2014 is unreviewed and unaudited and does not constitute the Company's statutory financial statements for those periods. The comparative financial information for the full year ended 30 June 2015 has been derived from the statutory financial statements for that period. The statutory accounts for the year ended 30 June 2015 have been filed with the Registrar of Companies. The auditorsÕ report on those accounts was unqualified.

The financial statements are presented in Australian Dollars and all values are rounded to the nearest thousand dollars (A$'000) except where otherwise indicated.

3. Earnings / (loss) per share

Earnings / (loss) per share is calculated on the reported profit for the period of A$512,000 and on 32,816,682 ordinary shares, being the weighted average number of shares in issue throughout the period ended 31 December 2015.

For diluted earnings per share, the weighted average number of ordinary shares in issue has been adjusted to assume conversion of all dilutive potential ordinary shares. The Company has two classes of dilutive potential ordinary shares, being share options granted to directors and employees and warrants to subscribe for ordinary shares issued in connection with the placing of ordinary shares on 11 December 2014.

4. Interim Statement

Copies of this Interim report for the six months ended 31 December 2015 will be available on the company's website www.mrsplc.net