Unaudited Interim Results

31 January 2013

COBURG GROUP PLC

("Coburg" or "the Company")

UNAUDITED INTERIM RESULTS FOR THE SIX MONTHS ENDED

31 OCTOBER 2012

CHAIRMAN'S REPORT

Results for the six months to 31 October 2012 show no revenue and a loss of £36,000. This loss largely relates to the on-going costs of maintaining the company's listing on the AIM Market and reflects the fact that the Company became an investing company under the AIM Rules following the sale of its coffee roasting business on 3 February 2012. At the end of October 2012 the total net tangible assets of the company stood at £129,000.

FINAL COMPLETION OF DISPOSAL OF THE FORMER COFFEE ROASTING BUSINESS

FUTURE STRATEGY

In order to help develop the Company as a natural resource investment company, Mark Parker, an experienced mining exploration entrepreneur has, subject to the results of a general meeting that is described below, agreed to join the board as a Non-Executive Director to provide natural resources sector expertise and access to potential value-enhancing deals. Mark spent some 14 years as CEO of African Eagle Resources plc building a successful mining exploration business listed on AIM. Mark recently left that business to become the main shareholder and Managing Director of Equator Gold, an unlisted exploration company focused on exploring for gold in the new state of Southern Sudan.The Company's current investing policy specifies investment in quoted natural resource companies including agribusiness. Following representations from Shareholders, a general meeting will be called to extend the policy to include unquoted businesses and investment in projects but to narrow the focus to mineral exploration, mining and extraction. In view of the foregoing, the Company does not intend to make any further investments in the agribusiness sector. Shareholders will also be asked to give Directors authorities to issue shares to enable the Company to raise funds through the placing of shares and the issue of loan notes. Following the general meeting, the Company has agreed in principle to raise approximately £105,000 through a placing of shares at 60p and a further £80,000 through the issue of convertible loan notes to Konrad Legg and to other investors including Bruce Rowan, a substantial Shareholder in the Company who has indicated his intention to vote in favour of the resolutions to be put to Shareholders at the forthcoming general meeting. Further details of these proposals will be included in the circular that will shortly be sent to Shareholders.

If Shareholders do not pass the resolutions at the general meeting, the Directors will review the available options so as to maximise the return for Shareholders, including reviewing the position of Coburg as an AIM listed investing company.In the meantime, I have accepted the position as Chairman of Coburg whilst Konrad Legg remains a Non-Executive Director of the Company.

Jeremy Maynard

Chairman  29th January 2013

COBURG GROUP PLC

UNAUDITED INTERIM RESULTS FOR THE SIX MONTHS ENDED

31 OCTOBER 2012

COBURG GROUP PLC

CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME

COBURG GROUP PLC

UNAUDITED INTERIM RESULTS FOR THE SIX MONTHS ENDED

31 OCTOBER 2012

CONSOLIDATED STATEMENT OF FINANCIAL POSITION

COBURG GROUP PLC

UNAUDITED INTERIM RESULTS FOR THE SIX MONTHS ENDED

31 OCTOBER 2012

CONSOLIDATED STATEMENT OF CASH FLOWS

COBURG GROUP PLC

UNAUDITED INTERIM RESULTS FOR THE SIX MONTHS ENDED

31 OCTOBER 2012

CONSOLIDATED STATEMENT OF CHANGES IN EQUITY

COBURG GROUP PLC

UNAUDITED INTERIM RESULTS FOR THE SIX MONTHS ENDED

31 OCTOBER 2012

NOTES TO INTERIM FINANCIAL STATEMENTS

1. BASIS OF ACCOUNTING

These interim financial statements for the period ended 31 October 2012 have been prepared in accordance with International Financial Reporting Standards (IFRS).

The information presented within these financial statements is in compliance with IA S34 'Interim Financial Reporting'. This requires the use of certain accounting estimates and requires that management exercise judgement in the process of applying the Company's accounting policies. The areas involving a high degree of judgement or complexity, or areas where the assumptions and estimates are significant to the interim statements are disclosed below.

The financial information contained in the report, which has not been audited, does not constitute statutory accounts as defined by Section 434 of the Companies Act 2006 and has been prepared on the same basis and using the same accounting policies as used in the financial statements for the year ended 30 April 2012. The interim financial statements have not been audited.

The Company's statutory financial statements for the year ended 30 April 2012, prepared under IFRS have been filed with the Registrarof Companies. The auditors'report for the 2012 financial statements.

2. CRITICAL ACCOUNTING ESTIMATES

In order to prepare these consolidated financial statements in accordance with the accounting policies set out in note 1; management has used estimates and judgements to establish the amounts at which certain items are recorded. Critical accounting estimate are those that have the greatest impact on the financial statements and require the most difficult, subjective and complex judgements about matters that are inherently uncertain. Estimates are based on factors including historical experience and expectations of future events that management believe to be reasonable. However, given the judgemental nature of such estimates, actual results could be different from the assumptions used. The critical accounting policies are set out below:

Going concern

In assessing going concern the directors have prepared forecasts. The forecasts are based on factors including historical experience and expectations of future events which directors believe to be reasonable. However, given the judgemental nature of such estimates, actual results could be different from the forecasts used.

3. Earnings per share

Basic earnings per share is calculated by dividing the earnings attributable to shareholders by the weighted average number of ordinary shares outstanding in the period.

Diluted earnings per share is calculated using the weighted average number of shares adjusted to assume the conversion of all dilutive potential ordinary shares.

Potential dilutive ordinary shares arise from share options. For these, a calculation is performed to determine the number of shares that could have been acquired at fair value (determined as the average annual market share price of the Company's shares) based on the monetary value of the exercise price attached to the outstanding share options. Thus, the dilutive weighted average number of shares considers the number of shares that would have been issued assuming the exercise price of the share options. If these are proved to be anti-dilutive (increase the potential earningsper share) they are omitted from the calculation. As the Group has made a loss in the current period the options are deemed to be anti-dilutive and therefore not provided for in the current year.

4. Comparatives

On 03 February 2012 the Board of Directors approved and initiated the sale of the company's two subsidiaries, Coburg Coffee Company Limited and CK Coffee Company Limited meaning the performance and position reported in the statement should only reflect the activates of the remaining entity, that being Coburg Group Plc as directed by IAS 1 "Presentation of Financial Information".Below is a summary of the key effect the removal of the subsidiaries performance from the comparatives figures, i.e. 6 months to 31 October 2011:

COBURG GROUP PLC

UNAUDITED INTERIM RESULTS FOR THE SIX MONTHS ENDED

31 OCTOBER 2012