27 March 2006

Inspicio plc ("Inspicio" or the "Company")

Final Results for the 38 Weeks ended 31 December 2005
(including the Inspectorate Group for the period 14 October to 31 December 2005)

Inspicio plc, which was admitted to AIM on 29 April 2005 with the purpose of acquiring businesses in the UK and international testing, inspection and performance conformity businesses today reports results for the 38 weeks ended 31 December 2005.

Operational highlights
• Admitted to AIM in April 2005 as an acquisition vehicle
• Completed the acquisition of Inspectorate for £52.0 million in October 2005, giving a global platform for future complementary acquisitive growth
• Turnaround of Inspectorate Group progressing on plan
• Appointment of Jeff Luesley as Managing Director of Inspectorate
• The first two months of 2006 show a positive contribution (first two months of 2005 – unaudited loss of £1.2 million)

Financial highlights
Results for the 38 weeks to 31 December 2005;

• Turnover £26.2 million
• Loss before exceptional costs, interest, tax and goodwill amortisation of £0.1 million
• Exceptional reorganisation costs of £3.8 million
• Operating loss after exceptional costs £4.3 million

Proforma results for the 12 months to 31 December 2005 - Inspectorate

Inspectorate is currently Inspicio’s sole operating business and became part of the Group in October 2005. To make comparison more meaningful for shareholders, we have provided at the end of this report a pro forma statement of operating results which compares the performance of Inspectorate for the 12 months to 31 December 2005 with the same period to 31 December 2004.

The following are extracted from the unaudited pro forma information:

• Turnover £109.3 million (2004 - £98.4 million)
• Earnings before exceptional items, interest, taxation, depreciation and goodwill amortisation, “EBITDA” £1.9 million (2004 - £1.0 million)
• Pre exceptional operating loss £(0.6) million (2004 - £(2.0) million)

Commenting on the results Mark Silver, CEO of Inspicio plc, said:

“Following the acquisition of Inspectorate, the business has met our expectations and the turnaround strategy is on track. The market continues to grow and we are seeing the benefit of that growth through a satisfactory start to the current financial year. We remain confident of delivering the turnaround of the business and our stated aim remains an operating margin (EBITA) for Inspicio of 4% in 2006 and 8% in the second half of 2007.”

--Ends--

Inspicio Ltd

10 Buckingham Street

London

WC2N 6DF

Tel: +44 (0) 20 7004 2780
Email: askus@inspicio.com