Proventec Plc (AIM:PROV), a provider of specialist steam cleaning and coatings
technologies, today announces its maiden Interim Results for the six months
ended 30 September 2005.

Highlights
* Successful completion of the acquisitions of OspreyDeepClean and
InnoCleaning Magma Holdings
* Complements the business model with a successful trading operation
* Turnover up 182% to £1.22 million represents turnover generated by acquired
companies
* Operating profit of £88,000 achieved
* First ever reported pre-tax profit
* Investment portfolio valuation up 19.7 per cent to £11.9 million
* Significant strategic commercial opportunities between the newly acquired
businesses and the portfolio investment companies

David Chestnutt, Chief Executive of Proventec Plc, commented: 'I am delighted
to report the maiden set of interim results for Proventec. Following the
successful acquisition of OspreyDeepClean and Magma, the Board looks forward to
exploring the strategic commercial opportunities to further develop its
expertise in these areas and another year of continued growth.'

CHAIRMAN'S STATEMENT
I am pleased to report that the company successfully completed its acquisition
of OspreyDeepClean and InnoCleaning Magma Holdings in August 2005 in a reverse
takeover. As part of that transaction, I joined the Board as Chairman and
Thomas Stuecken was appointed Commercial Director.

This Interim Report is the first to be released by the enlarged Group and I am
pleased to report that the Group has broken into profit in the six-month period
to 30 September 2005, compared with a loss before tax of £317,000 in the
six-month period to 30 September 2004.

At the time of the reverse takeover, the company raised £542,000 before expenses at a price of 14 pence per share and in late September 2005, Proventec took in a further investment of £1 million by the allotment of 7,142,857 shares to a new investor, also at a price of 14 pence per share.

Elsewhere, Hardide's share price has shown steady growth since its admission to
trading on AIM in April 2005 and the Group's stake in that company is currently
worth approximately £2.5 million more than its carrying value in the Accounts.
Over the last two months, there have been substantial fundraisings in Firestop
Chemicals and Ultra Motor Company to develop the businesses of those investee
companies and Keronite has announced its intention to float on AIM in the early
part of 2006.

I should like to take this opportunity to thank my colleagues at Proventec for
their hard work in completing the acquisition of OspreyDeepClean and
InnoCleaning Magma Holdings and providing the Group with exciting opportunities
to build upon the trading successes of those businesses, as well as for
continuing to provide support to the investee companies and other companies
within the Group.

Peter Teerlink
Chairman

CHIEF EXECUTIVE'S REPORT
RESULTS
The six months to 30 September 2005 have been a busy and successful period for
the group. Since I reported to you last, in July 2005:

* The Company acquired trading companies in a reverse takeover
* The Group made its first profit
* The Group generated a profit on ordinary activities before interest and
taxation of £88,000 for the six months to 30 September 2005
* The Group's turnover reached £1.22 million for the six months to 30
September 2005
* The investment portfolio grew by 19.7 per cent

You will be aware that the company underwent substantial changes following the
acquisition of the OspreyDeepClean specialist cleaning business and the Magma
flame retardant business in the summer this year.

The turnover of £1.22 million for the six months to 30 September represents
turnover generated in the quarter commencing 1 July 2005 by the companies we
have acquired.

The progress made and potential of the OspreyDeepClean business in the last
three months is very encouraging and we are aware that there is considerable
opportunity for expansion of this specialist cleaning business and its brand,
both in those countries where the business is currently trading, and in new
markets. There have been strategic commercial meetings between OspreyDeepClean
and Biocote and also between Magma and Firestop Chemicals and we will be looking
for further commercial synergies to help expand all four businesses.

STRATEGY
Your board's ambition is for the group to be a leading provider of cutting edge
hygiene solutions based on steam technologies and preventative coatings which
are both environmentally friendly and cost effective. We will target those
market sectors that require the highest hygiene and safety standards.

We will achieve this by autonomous growth, the development of new and compatible
technologies and by strategic commercial acquisitions.

The group's revenue streams now comprise sales of:-
* equipment and coatings,
* total packaged solutions to key accounts,
* licenses to distributors and key accounts

and by this mix of product offering we will help our customers to achieve and
sustain the very highest levels of hygiene and safety.

CLEANING SOLUTIONS
OspreyDeepClean Limited was established in 1995. Through its network of
distributors, Osprey specialises in the sale and marketing of specialist
cleaning machines which pump out low pressure dry steam onto surfaces which
require vigorous cleaning. These machines demand less water than conventional
cleaners and also require fewer chemical agents than traditional non-steam
cleaning systems. The machines achieve a higher level of hygiene and, together
with the time, material and labour savings, reduce cleaning overheads for
customers. The cleaning systems combine patented and trade marked equipment
with a training course and lease finance options. Each system is tailored to
the individual customer's requirements.

* OspreyDeepClean is conducting scientific trials to verify the efficacy of
steam cleaning providing the necessary data to pave the way for a
successful roll out of the steam cleaning concept in the healthcare sector.

* OspreyDeepClean has developed a compact GumBusters chewing gum removal
machine which is one of the key components of the retail cleaning concept
which is being trialed in several Benelux retail outlets prior to its
introduction in excess of 5,000 retail stores.

* As part of its international expansion programme Proventec has appointed a
sales manager with responsibility for France and Spain to build on and to
expand the existing sales in these countries. OspreyDeepClean is currently
represented in USA, Australia, South Africa, Czech Republic, Germany,
Benelux and the UK.

* Proventec Group has increased its Asian representation by appointing a new
Australian consultant who has been tasked with developing the existing
OspreyDeepClean network.

COATINGS
Magma develops, markets and sells fire retardant products which are
environmentally friendly and comply with national and relevant international
standards. Magma's products are designed to fire retard timber, paper, plywood
and textiles and can be applied directly onto the surface of the object to be
fire retarded. To date, roofing and building companies and paper manufacturers
have formed the majority of Magma's customers.

Magma's strategy has been to drive sales through a network of distributors who
service end users, whilst industrial users are serviced directly by Magma's
in-house sales team. As part of its product development, Magma is working with
a specialist paint manufacturer to produce fire retardant paint.

* Magma has made significant commercial and technical progress in the
treatment of timber for the construction industry.

INVESTMENT PORTFOLIO
The company's investment portfolio continues to grow and the admission of
Hardide to trading on AIM in April 2005 has raised the profile of that
technology and the investment value of our holding in it. Keronite plc is
preparing itself for admission to trading on AIM in the first half of 2006 and
we look forward to that, as we believe it will raise awareness of that exciting
technology.

Firestop Chemicals took in a further investment from its shareholders, including
Proventec, by way of Convertible Debenture in September 2005 and on a fully
diluted basis following conversion of the debentures, our holding would be
41.1%. Oxis Energy is currently undergoing a small fundraising round which is
nearing completion and will provide that company with much needed financial
resources to continue its development of its battery technology.

The main increase in our portfolio has been achieved in Ultra Motor Company
following a recent fundraising of £1.43m. After dilution by the incoming
investment, our percentage shareholding reduces to 36.7% but the value of the
holding is enhanced to just under £3m.

I am pleased with the performance of all our investments. Biocote has now been
in profit on a monthly basis for a number of months and has continued to expand
its business. It currently has 38 partners and continues to sign more partners
each month.

Since July 2005, the value (unaudited) of our investments - which is calculated
in accordance with BVCA valuation methods - has increased from just under £10m
to £11.9m. At the same time the OspreyDeepClean and Magma businesses have
contributed over £400,000 operating profit to the group.

The six months covered by this report have been exceptionally busy for my
colleagues and me, during which time we have assimilated the acquisition of the
OspreyDeepClean and Magma businesses. Much remains to be done to fully integrate
these companies but the support my team and I have received from Peter Teerlink,
Chairman, and Thomas Stuecken, Commercial Director, is making this task less
daunting and the prospects for your company bode well for the future.

David Chestnutt
Chief Executive

Todays share price 10.38p + 0.62p
as at 13:58:36 on 15 Nov 2005