Successful Appeal of HMRC VAT Ruling

Goals Soccer Centres Plc

("Goals" or the "Company")

Successful Appeal of HMRC VAT Ruling

In our Preliminary Results announcement of 28 February 2011, the Company indicated that on 9 February 2011 HMRC had issued a Business Brief which was relevant to the five-a-side soccer industry, indicating that all income relating to commercially operated sports leagues should be standard rated for Value Added Tax ("VAT"). In March 2011, HMRC confirmed that the Company should treat pitch block bookings by league customers as being standard rated.

The Company appealed against this ruling in July 2011 and this appeal has been successful. Management expects this result to increase Profit Before Tax by at least £0.5m per annum in the current year and going forward.

13 September 2012

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