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News and announcements

28 September 2007

070928 Interim report template - FINAL.pdf

Interim Results for the six months ended 30 June 2007

Celoxica Holdings plc (AIM: CXA) - September 28, 2007, a leading provider of Accelerated Computing (AC) solutions, today announces its unaudited consolidated results for the six month period ended 30 June 2007.

OPERATIONAL HIGHLIGHTS

• Accelerated Computing
  • 10 new customers evaluating Celoxica's AC products including:
    • Tier 1 US Bank
    • Stock Exchange
    • Major server vendor
    • Major semiconductor provide
  • Life sciences customer completes successful Phase 1
• New Chief Executive Officer recruited in May 2007. Appointment effective from July 2007.
• New Chief Financial Officer appointed in March 2007

FINANCIAL HIGHLIGHTS

• Turnover £1.0m (30 June 2006: £2.4m; 31 December 2006 £3.6m); change of market and strategy
• Administrative expenses £2.6m (30 June 2006: £3.0m; 31 December 2006 £6.1m)
  • Includes £354k restructuring costs
• Loss before tax £2.0m (2006: £1.6m)
• Losses per share 3p (2006: 3p)
• Funding of £2.9m (net) raised in February 2007

Jack Fryer, Chairman, Celoxica, commented...

"Following the successful fund raising in February, very good progress has been made in converting Celoxica from an Electronic Design Automation company into one which focuses on the High Performance Computing market. Consequently the Company has made the decision to dispose of its traditional ESL business and is currently in discussions with interested parties. Celoxica has been reorganised to enable the key areas of Financial Services, Oil and Gas and Life Sciences to be addressed and we now have significant customer engagements in each of these.

The Company is also seeking to raise funds for working capital purposes and has the support of its key existing investors and potential new investors in doing so."

ENQUIRIES

Celoxica Holdings plc

Tel. +44 (0)1235 863 656
Lee Staines, CEO
Michelle Young, CFO

ICIS

Tel. +44 (0) 20 7651 8688
Tom Moriarty
Caroline Evans-Jones

Arbuthnot

Tel. +44 (0) 20 7012 2000
Tom Griffiths
Alasdair Younie

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Investor Relations section last updated 8th July 2008