Company Profile For Harvard International PLC

Harvard International plc, formerly Alba Plc, is a distributor of consumer electronic products. As of March 31, 2009, the Company operated in two segments: Consumer Electronics and Medical Electronics divisions. The Company’s subsidiaries include Alba Broadcasting Corporation Limited, Grundig Consumer Electronics Limited and Harvard Property Holdings Limited. The Company operates in the United Kingdom, the Far East and Australia. On July 29, 2009, the Company disposed of its interest in Medical Electronics business. During the fiscal year ended March 31, 2009 (fiscal 2009), the Company ceased trading in its liquid crystal display (LCD) television operation. In December 2008, the Company sold its Alba and Bush brands to Argos Limited.

BRIEF: For the fiscal year ended 31 March 2009, Harvard International PLC's revenues decreased 21% to £52.4M. Net loss from continuing operations decreased 17% to £7.7M. Revenue reflects a decrease in sales from Consumer Electronics, Medical Electronics business segments and lower income from United Kingdom and Far East markets. Net loss was offset by decreased operating expenses, lower finance costs and decrease in operating loss.