Company Profile For Minerva PLC

Minerva plc is a United Kingdom-based property investment and development company. The Company’s subsidiaries include Angelmist Limited, Antares Properties Limited, Castlereport Limited, Chainbill Limited, Croydon Leisure Limited, Croydon Plaza Limited, Croydon Retail Limited, Dalebrook Properties Limited, Eagleprint Limited, Futurestate Limited, Goldrock Developments Limited, Gradegilt Limited, Helios Property Investments Limited, Hutch Investments Limited, Jack Cade Limited, Jimtrack Limited, Larchfield Investments Limited, Leinster HH LLP, LLH One Limited, LLH Two Limited, M1 Limited, M6 Limited, Minel Limited, Minerva Aldgate Limited, Minerva (Ambassador) Limited, Minerva Bayswater One Limited, Minerva Bayswater Two Limited, Minerva (City) Limited, Minerva Corporation plc, Minerva (Croydon) Limited, Minerva Dowgate Limited, Minerva (Finance) Limited, Minerva (Holland Park) Limited, Minerva (Kensington) Limited and Minerva (Lancaster Gate) Limited.

BRIEF: For the fiscal year ended 30 June 2009, Minerva plc's revenues decreased 25% to £5.2M. Net loss increased 24% to £287M. Revenues reflect an increase in property outgoing. Net loss reflects a decrease in other income, the presence of loss on sale of investment properties, the presence of impairment of owner occupied property and a significant increase in movement on revaluation of investment properties.