Final results for the period ended 31 December 2006

Published Tuesday 26th, June 2007.

Article Category: Announcements

SummaryRESULTS FOR THE PERIOD ENDED 31 DECEMBER 2006. The results for Ragusa Capital Plc (the “Company”) cover the nine month period ended 31 December 2006.

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Ragusa Capital Plc

Final results for the period ended 31 December 2006

CHAIRMAN’S STATEMENT

The results for Ragusa Capital Plc (the “Company”) cover the nine month period
ended 31 December 2006.

RESULTS FOR THE PERIOD ENDED 31 DECEMBER 2006

The Company generated a loss for the nine month period, after taxation, of
£31,948 after receiving investment revenues of £151,765, having paid
administrative expenses of £257,567 and recorded other net gains of £32,649.

The basic and diluted loss per share was 0.1 pence. The Company had cash
balances of £3,904,927 at the period end.

REVIEW OF ACTIVITIES

As stated in the AIM admission document, the Board believes that potential
opportunities lie in the natural resources sector with the emphasis on one large
and substantial investment.

On 21 May 2007 the Board announced that terms had been agreed to acquire certain
utility assets as well as oil and gas exploration interests in South America.

The acquisition is conditional, inter alia, upon the approval of the
shareholders of Ragusa and compliance with other procedural and substantive
regulation governing the transaction applied under the AIM Rules and the City
Code on Takeovers and Mergers.

The proposed transaction, if completed, will constitute a reverse takeover under
the AIM Rules, and, accordingly, at the request of the Company, dealings in
Ragusa’s shares were suspended from 21 May 2007 pending the despatch to
shareholders of a readmission document relating to the transaction and proposed
enlarged group and convening the extraordinary general meeting of Ragusa to
approve the acquisition.

The Board and its advisers continue to work towards completion of the proposed
transaction and will update shareholders in due course.

On 21 June 2007 the Board announced that it had changed its accounting reference
date to 31 December and would be producing its next Report and Accounts for a
shortened nine month period ending 31 December 2006.

Lance O’Neill
Chairman

26 June 2007

 Click here to download. Final results for the period ended 31 December 2006