REG-Cumberland Place Investments PLC: Half-yearly Report

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31 July 2008

CUMBERLAND PLACE INVESTMENTS PLC

UNAUDITED INTERIM RESULTS

FOR THE SIX MONTHS ENDED 31 MARCH 2008

This is my third statement as Chairman of Cumberland Place Investments Plc
(PLUS:CPIO) ("CPI" or "the Company") and I am pleased to present the Company's
interim results, for the six months ended 31 March 2008.

The unaudited half year figures show pre-tax losses of (�46,348) which compared
with (�102,176) for the half year to 31 March 2007. There was a write down of
CPI's investments of �19,500. The Company's board has taken a deferred salary
as well as professional advisors in order to conserve cash resources.

In the announcement dated 24 January 2008, the Company announced its intention
to raise up to �400,000 with the issue of a convertible unsecured loan stock
which would enable it to acquire Web TV Enterprise Limited. The board is
working upon this transaction and hopes to report on any progress in due
course.

C.G. Stainforth

Chairman

31 July 2008

CUMBERLAND PLACE INVESTMENTS PLC

Trading and Profit and Loss Account for 6 months to 31 March 2008.

Interim to Year to Interim to
31/03/2008 30/09/2007 31/03/2007

Turnover � Nil � Nil � Nil

Cost of sales � Nil � Nil � Nil

Administrative -�27,196 -�124,388 -�68,896
expenses

Operating Loss for the six months -�27,196 -�124,388 -�68,896

Other income �352 �1,989 �1,160

Amounts written off investments -�19,500 -�43,800 -�34,440

Interest payable and similar -�4 -�15 � Nil
charges

Loss on Ordinary Activities before -�46,348 -�166,294 -�102,176
Taxation

Tax on Loss on Ordinary Activities � Nil � Nil � Nil

Loss on Ordinary Activities after -�46,348 -�166,294 -�102,176
Taxation

Accumulated Losses brought forward -�1,404,876 -�1,238,582 -�1,238,582

Accumulated Losses carried forward -�1,451,224 -�1,404,876 -�1,238,582

Loss per share (pence)

Basic -0.1 -0.5 -0.31

Diluted -0.1 -0.5 -0.31

CUMBERLAND PLACE INVESTMENTS PLC

BALANCE SHEET as at 31 March 2008

Interim to Year to Interim to
31/03/2008 30/09/2007 31/03/2007

Fixed Assets

Tangible Assets �1 �1 �1

Investments �39,141 �58,641 �68,081

�39,142 �58,642 �68,082

Current Assets

Debtors and Prepayments �20,255 �3,252 �6,367

Cash at Bank and in Hand �9,636 �39,284 �62,900

�29,891 �42,536 �69,267

Less: Current Liabilities

Amounts falling due within -�66,891 -�57,554 -�29,607
1year

Net Current Assets / ( Liabilities) -�37,000 -�15,018 �39,660

Total Assets less Current Liabilities �2,142 �43,624 �107,742

Represented by:

Capital and Reserves

Called up Share Capital �1,081,811 �1,076,945 �1,076,945

Share Premium Account �371,555 �371,555 �371,555

Profit and Loss Account -�1,451,224 -�1,404,876 -�1,340,758

Shareholders' Funds - All equity �2,142 �43,624 �107,742

The financial information for the period ended 31 March 2008 has not been
audited or reviewed by the Company's auditor.

The Directors of Cumberland Place Investments Plc accept responsibility for the
contents of this announcement.

- Ends -

Further information:

Christopher Stainforth Cumberland Place Investments Plc 020 7723 8833

Andrew Greystoke Atlantic Law Llp 020 7616 2888

Toby Hall gth media relations 020 7153 8039

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