GETECH

24-12-10

Issue of Options

The Company announces that it has agreed to issue new options to certain staff members and directors of GETECH in place of existing options held by them in order to: (i) adjust the exercise prices of existing options to bring them more into line with the current market price and (ii) reduce the number of options held as a consequence. The details of the variations are set out below.

In addition, GETECH has taken the opportunity to issue new options to Paul Markwick, in recognition of his significant and ongoing contribution to the Company. The details of these new options are also set out below.

Variation to Options

Pursuant to the terms of a new option agreement, entered into between the Company and certain members of staff/directors of the Company, on the surrender of their existing options the staff/directors will be issued with new options which can be exercised at any time between the second anniversary and the tenth anniversary of the date of grant at a price of 15p per ordinary share (being a slight premium to the mid-market closing price of GETECH on 23 December 2010 (14.75p)) (the "Revised Options")

The details of options issued to directors are as follows:

Raymond Wolfson's Options
In addition, Raymond Wolfson's existing options have also been cancelled and reissued such that they can be exercised at any time between the second anniversary and the tenth anniversary of the date of grant, at a price of 20p per ordinary share (the "Wolfson Options"). The details of these are more specifically set out below:

** this number includes another 82,979 options which were issued to Raymond Wolfson prior to Admission of the Company to trading on AIM and which are exercisable at 9.87p per ordinary share.

New Options

There has been no change to the 82,979 options over ordinary shares, which are exercisable at a price of 9.87p each, and which are held by Colin Glass.
Other than as disclosed in this announcement, no directors hold any other options in the Company.

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20-12-10

Directors' shareholding

The Company announces that on 20 December 2010 Peter Stephens, Non-executive Chairman, acquired a total of 100,000 ordinary shares of 0.25p each in the Company ("Ordinary Shares"), at a price of 14.25p each.

Following this acquisition, Peter Stephens holds 1,548,000 Ordinary Shares, representing approximately 5.29 per cent. of the current issued share capital of the Company.

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20-12-10

New Oil Exploration Data Agreements

GETECH, a leading geosciences business specialising in the provision of data, studies and interpretation services to the oil, gas and mining exploration sectors, announces two significant new data agreements.

The Company is pleased to announce that it has signed a new data marketing agreement with the Geological Survey of Iraq ("GEOSURV"). GEOSURV has all necessary approvals from the Iraqi government to enter into this agreement. Under the agreement GETECH will have exclusive rights to market the existing gravity and magnetic survey data held by GEOSURV. These data provide substantial coverage across the whole of Iraq (excluding Kurdistan where such surveys have not taken place) and represent a major addition to GETECH's global data library. Iraq is currently an area of major exploration interest and the Directors believe that these data will generate significant revenue from 2011.

The execution of the GEOSURV agreement follows another recently signed agreement, in this case with the China Aero Geophysical Survey and Remote Sensing Centre for Resources ("AGRS"). GETECH has a long-standing relationship with AGRS and the new agreement extends this to include the rights for GETECH to market their Tibetan aeromagnetic data.

Commenting on the new agreements, Derek Fairhead, President and Founder of GETECH Group plc, said:

"These two new agreements provide further evidence of our global reputation and pre-eminence in the field of gravity and magnetic data as used for exploration purposes. We are particularly pleased to have completed the Iraq data agreement as this follows several years of relationship-building and it has been completed at a time when the exploration potential in Iraq is of increasing interest to our clients"

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26-10-10

Final Results

for the 12 months ended 31 July 2010

GETECH, a leading geosciences business specialising in the provision of data, studies and interpretation services to the oil, gas and mining exploration sectors, announces its Preliminary Results for the year ended 31 July 2010.

Financial highlights

• Revenue for the year stable at £3.25m (2009: £3.31m)
• Loss before tax cut by 64% to £228,497 (2009: £627,901)
• Profitable in second half of the financial year
• Economic crisis and volatile oil price affected client budgets in first half of the year
• £1m debt facility arranged on very favourable terms

Operational highlights

• Major investment in new products
• Sales of gravity and magnetic data improved in the second half year
• Continued growth of libraries of studies and data

Post year end highlights

• $1.1m new proprietary interpretation contract with new client
• £230,000 data contract with blue chip oil company

Commenting on outlook, Peter Stephens, Non-Executive Chairman of GETECH Group plc, said:

"We are pleased to be able to report a return to profit in the second half of the year that meant a significant reduction in the loss for the full year versus 2009.
"We anticipate that in the first half of the current year we will start to benefit from the recent investments we have made in developing new geological products and are optimistic that our other initiatives will begin to bear fruit".

CHAIRMAN'S STATEMENT

I report the fifth full year results, since its admission to AIM, of GETECH Group plc and its subsidiary company ("GETECH" or "the Group") for the year ended 31 July 2010. GETECH is a geoscience services business specialising in the provision of data, studies and services to the oil, gas and mining exploration sectors.

Results
I report a Group loss before tax of £228,497 (2009: loss £627,901) after interest receivable of £10,927 (2009: £27,749) on revenue of £3,254,758 (2009: £3,305,883). The post-tax loss was £258,362 (2009: loss £372,067) giving loss per share of 0.88p (2009: loss 1.30p). The accounts have been prepared under International Financial Reporting Standards (IFRS) as adopted by the European Union.

Dividends

In view of the trading result for the year GETECH is not proposing a dividend.

Business review

While I am disappointed to report a loss for the whole year, I am pleased to report that the loss of £392,000 reported in the first half year was followed by a profit of £163,000 in the second half year. As we had anticipated, oil companies continued their budgetary restrictions throughout the whole of the calendar year 2009. This resulted in the loss reported in our half year ended 31 January 2010. We also experienced an atypically poor December. This is normally the month in which clients spend their unused budgets ("end of year money"). We are pleased that the market generally has begun to recover in the calendar year 2010 and that our half year ended 31 July 2010 returned a profit, albeit not sufficient to cancel the loss in the first half year. The oil price has remained at satisfactory levels above $70 per barrel, although the gas price, which affects our US business, has been lower than is necessary to stimulate the US domestic business. The BP Macondo disaster had a major impact on the industry. While this did not affect our core business, it did have an immediate impact on one new initiative which had to be cancelled. In practice, the Icelandic volcano had a more direct impact than the BP disaster - it caused several staff to be stranded in various places and the cancellation of two major sales and marketing trips. As previously reported, in anticipation of continuing risks and uncertainty in the market, we completed a £1m debt facility with the National Westminster Bank plc in September 2009. This was drawn down in November 2009. We are pleased to note that the gross cash at 31 July 2010 was £847,000 and cash levels have remained consistently well within expectations. The interest rate on the facility is 1.6% above the London Interbank Offered Rate (LIBOR) which has kept the overall cost of the facility low. The uncertainties in the marketplace over the last two years have forced us to take a prudent view about the timing of the recovery and therefore focus strongly on cash maintenance. One major consequence was the need to defer activities that would have involved significant external expenditure including M&A and data acquisition.

Outlook

The markets generally appear to be returning towards normality and the business has begun to recover since January 2010. We anticipate that in the first half of the year ending July 2011 we will start to benefit from the recent investments we have made in developing new geological products, and are optimistic that other initiatives will begin to bear fruit. We have made an encouraging start to the year ending July 2011. As reported on 16 September 2010 we signed a significant new contract to deliver our integrated geophysical and geological services to a major new client. The gross revenue under this contract is $1,100,000 and this should be substantially delivered within the current financial year. Further, our sales of geophysical data have started well, including a licence of South American data which was signed and delivered in October 2010, generating gross revenue of £230,000. Finally, once again I would like to thank the staff and my fellow Directors for all their hard work during what has proved to be a second difficult year.

PETER STEPHENS
NON-EXECUTIVE CHAIRMAN

OPERATING REVIEW

We report that in our fifth year as a public quoted company, GETECH Group plc ("GETECH" or "the Group") returned a pre-tax loss of £228,497 (2009: loss £627,901) for the year ended 31 July 2010.

Business setting

As anticipated, the global downturn in the hydrocarbon exploration market persisted through the whole of the calendar year 2009. However, many companies entered their new budget year in January 2010 and there have been encouraging signs of an upturn in activity, as evidenced by the profit of £163,000 in the second half of our financial year. The oil price has now been comfortably above $70 per barrel for more than a year. We believe that the level and relative stability of the oil price mean it will not prove a barrier to oil company expenditure on exploration.

Company history

GETECH has its origins as a research group at the University of Leeds, Department of Earth Sciences (now part of the School of Earth and Environment). It started in 1986 by initiating the compilation of gravity data for the continent of Africa supported by a group of international oil and mining company sponsors. In 1996, GETECH opened an office in Houston, Texas. In 2000, GETECH spun out from the University of Leeds as a private company (Geophysical Exploration Technology Limited) and subsequent business success and the formation of the Petroleum Systems Evaluation Group in 2004 resulted in the flotation of the Company on AIM in September 2005, with a name change to GETECH Group plc. GETECH was the first spin out company from the University of Leeds to float on AIM.

Business activities
GETECH's strength lies in its ability to provide integrated solutions to its clients which can incorporate:

• global gravity and magnetic data;
• proprietary geophysical and geological work; and
• studies evaluating the petroleum potential of hydrocarbon-bearing basins.

Oil, gas and mining companies license our data and studies when they are evaluating new exploration areas and/or when they wish to expand their current exploration activities into neighbouring regions. Our ability to provide integrated solutions is underpinned by the broad range of disciplines in which we have skilled staff, including amongst others potential field geophysics, structural geology, plate tectonics, petroleum geology, palaeolandscape analysis and geochemistry. While the general market for our products and services was severely depressed throughout the calendar year 2009, it started to recover in early 2010. We are particularly pleased to note that sales from our global database of gravity and magnetic data were strong in our half year ended 31 July 2010. It is also noteworthy that this strength was evidenced by a significant number of modest sales, rather than being distorted by any major one-off sales. Through this recent period we have continued to invest in and develop new geological products which will be available for sale in the first half of our new financial year. In parallel with this new product development, we have been developing a global thematic framework which will deliver a number of benefits: increased flexibility in meeting client specific needs (which will make it easier for them to buy from us); a platform which improves the efficiency of production and time to completion for future products; and increased responsiveness to emerging market opportunities. During the year we completed "call-off" consultancy and product agreements with two major national oil companies which firmly establish our relationships with them. Such agreements aim to facilitate consultancy work and product purchases without the need for lengthy contractual processes. In addition, we initiated discussions with a further national oil company which resulted in the major new proprietary contract that we announced on 16 September 2010. This contract is for an integrated geological/geophysical interpretation which we believe few of our competitors can offer.

The future

GETECH has invested heavily over the last few years and we believe that from the year 2010/11 we will begin to see a return on these investments. The first half of the year will see the launch of further new geological products, and performance of much of the work under the major new proprietary contract announced in September 2010. In addition to the geological products, in the year 2010/11 we will be launching a new magnetic data compilation study of Europe and the Mediterranean, and a new data-driven study of the Haynesville Basin - a major unconventional play in the US. Our business is founded on and requires the management of very large datasets covering a range of data types. In order to improve our overall efficiency, as previously mentioned we have developed a major Geographical Information Systems (GIS) database for use specifically with geophysical and geological data. This is also proving to be of interest to our clients and it is currently being evaluated by a major European national oil company. Looking further ahead, we have also focused on developing our global thematic framework which will offer clients a more strategic programme and enable the development and production of future studies on a shorter turn-round time with lower costs. Finally we would like to thank all our staff and Board colleagues for their unstinting efforts on behalf of GETECH. We have made it a company that people want to work for and our team looks forward to the new challenges that the future years will bring.

PROFESSOR DEREK FAIRHEAD
PRESIDENT

RAYMOND WOLFSON
CHIEF EXECUTIVE OFFICER

The financial information set out in the announcement does not constitute the group's statutory accounts for the years ended 31 July 2010 or 31 July 2009. The financial information for the year ended 31 July 2009 is derived from the statutory accounts for that year which have been delivered to the Registrar of Companies. The auditors reported on those accounts; their report was unqualified and did not include any statement under s498(2) or s498(3) of the Companies Act 2006. The consolidated statement of comprehensive income, the consolidated statement of financial position, the consolidated statement of cash flows, the consolidated statement of changes in equity and the notes to the consolidated financial statements for the year then ended have been extracted from the Group's 2010 statutory financial statements upon which the auditor's opinion is unqualified and does not include any statement under s498(2) or s498(3) of the Companies Act 2006. The announcement has been agreed with the company's auditor for release. In accordance with Rule 20 of the AIM Rules, GETECH Group plc confirms that the annual report and accounts for the year ended 31 July 2010 will be posted to shareholders and will be available to view on the Company's website at www.getech.com on 8 November 2010.



All activities relate to continuing operations.
The accompanying notes form an integral part of these financial statements.

The financial statements were approved by the Board of Directors on 25 October 2010.

P F H STEPHENS
DIRECTOR

The accompanying notes form an integral part of these financial statements.


The accompanying notes form an integral part of these financial statements.


The accompanying notes form an integral part of these financial statements.

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

For the year ended 31 July 2010

Nature of operations
The principal activity of GETECH Group plc and its subsidiary company Geophysical Exploration Technology Inc. (collectively "GETECH" or "the Group") is the provision of gravity and magnetic data, services and geological studies to the petroleum and mining industries to assist in their exploration activities.

General information
GETECH Group plc, a limited liability company, is the Group's ultimate Parent Company ("the Parent Company"). It is incorporated in England and Wales and domiciled in England (CRN: 2891368). The address of its registered office is Convention House, St. Mary's Street, Leeds LS9 7DP. Its principal place of business is Kitson House, Elmete Hall, Elmete Lane, Leeds LS8 2LJ. GETECH Group plc shares are admitted to trading on the London Stock Exchange's AIM.

Basis of preparation
These consolidated financial statements ("the financial statements") have been prepared in accordance with International Financial Reporting Standards (IFRS) in issue as adopted by the European Union. IFRS include Interpretations issued by the International Financial Reporting Interpretations Committee (IFRIC). The financial statements have been prepared under the historical cost convention except in relation to financial instruments held at fair value through profit or loss. The accounts reflect the first time adoption of IAS 1 'Presentation of Financial Statements' (revised 2007). The effect of adoption of this standard is presentational only. The adoption of IAS 1 'Presentation of Financial Statements' (revised 2007) has introduced a number of terminology changes (including titles for the primary statements) and has resulted in a number of changes in presentation and disclosure. The revised standard has had no impact on the reported results or financial position of the Group. In certain circumstances IAS 1 (revised 2007) requires presentation of a third statement of financial position but this is not presented as the information is unchanged from that presented previously. There has been a prior year restatement of cost of sales as explained in the Report of the Directors. This has resulted in a restatement in the Consolidated Statement of Comprehensive Income and in the cost of inventories recognised as an expense reported in note 6. There has been no impact on the reported results and the only effect is to transfer costs from "Administrative costs" to "Cost of Sales". The Directors have considered the available cash resources of the Group and its current forecasts and are satisfied that the Group has adequate resources to continue in existence for the foreseeable future so the going concern basis has been adopted in the preparation of the financial statements. The accounting policies set out below have been applied consistently throughout the Group for the purpose of preparation of the financial statements. The Parent Company financial statements have been prepared using United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

The majority of options in issue at 31 July 2010 and 31 July 2009 were anti-dilutive because the conditions for exercise have not been met.

Annual General Meeting
The Annual General Meeting of GETECH Group plc will be held at 12 noon on 2 December 2010 at Kitson House, Elmete Hall, Elmete Lane, Leeds LS8 2LJ

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25-10-10

Directorate Change

Board Changes

GETECH, a leading oil services business specialising in the provision of data, studies and interpretation services to the oil and mining exploration sectors, announces that Charles Tavner has resigned as a director of the Company, with immediate effect. IP Group plc, on whose behalf Charles Tavner was appointed, have reserved the right to appoint a replacement and accordingly GETECH announces the appointment of Alison Margaret Fielding (nee Brown), aged 46, as a non-executive director of the Company with immediate effect.

Alison holds an MBA from Manchester Business School, a PhD in organic chemistry and a first class degree in chemistry from the University of Glasgow. Early in her career she spent five years at McKinsey & Co and more recently, while at IP Group, has sat on the board of and advised several early stage and quoted technology companies.

Alison is currently a director of Techtran Group Limited, Techtran Investments Limited, Techtran Services Limited, Techtran Limited, IP Group plc, Care International UK, Perachem Limited, Green Chemicals plc, IP Industry Partners Limited, Crysalin Limited, The Foundation for Social Entrepreneurs, Top Technology Ventures Limited, Amaethon Trustees Limited, Fusion IP plc, Coe Group plc, Amaethon Limited, IP2IPO Limited, IP2IPO Services Limited and IP Venture Fund (GP) Limited. Alison Fielding was also previously a director of Pure Polymers Limited that was dissolved on 21 April 2010 having never traded.

Alison is not, and has not been in the past five years, a director or partner of any other company or partnership.

Alison does not hold any shares in the Company, but IP Group plc, on whose behalf Alison is appointed, hold 6,263,943 ordinary shares in the Company representing 21.42% of the total number of shares in issue.

There is no further information required to be disclosed in accordance with Schedule 2, paragraph (g) of the AIM Rules for Companies.

Peter Stephens, Non-executive Chairman of GETECH, commented "We are pleased to have attracted someone of Alison's calibre and welcome her to the Board. Alison has extensive experience in working with growing companies. The Board would like to thank Charles for his contribution and wishes him well for the future."

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30-07-10

Directors' shareholding

The Company announces that on 30 July 2010 Peter Stephens, Non-executive Chairman, acquired a total of 375,000 ordinary shares of 0.25p each in the Company ("Ordinary Shares"), at a price of 11p each.

Following this acquisition, Peter Stephens holds 1,448,000 Ordinary Shares, representing approximately 4.95 per cent. of the current issued share capital of the Company.

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29-07-10

Trading Update

GETECH Group plc (AIM: GTC), a leading geosciences business specialising in the provision of data, studies and interpretation services to the oil, gas and mining exploration sectors, announces a trading update.

The Company is pleased to announce that the second half of its current financial year to 31 July 2010 has shown a continuation of the trend towards recovery. Revenue is increasing and the Board believes that the results will show an operating profit for this period. However, the loss in the first half year will not be recovered and the year as a whole will still show a deficit.

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12-04-10

Directors' shareholding

The Company announces that on 9 April 2010 Peter Stephens, Non-executive Chairman, acquired a total of 10,000 ordinary shares of 0.25p each in the Company ("Ordinary Shares"), at a price of 15p each.

Following this acquisition, Peter Stephens holds 1,073,000 Ordinary Shares, representing approximately 3.67 per cent. of the current issued share capital of the Company.

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06-04-10

Directors' shareholding

The Company announces that on 31 March 2010 Peter Stephens, Non-executive Chairman, acquired a total of 60,000 ordinary shares of 0.25p each in the Company ("Ordinary Shares"), of which 10,000 ordinary shares were acquired at a price of 11p each and 50,000 ordinary shares were acquired at a price of 12p each .

Following this acquisition, Peter Stephens holds 1,063,000 Ordinary Shares, representing approximately 3.64 per cent. of the current issued share capital of the Company.


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31-03-10

Directors' shareholding

The Company announces that Raymond Wolfson, Chief Executive, has today acquired 30,000 ordinary shares of 0.25p each in the Company ("Ordinary Shares") at 12p per share.

Following this acquisition, Raymond Wolfson holds 40,000 Ordinary Shares, representing approximately 0.14 per cent. of the current issued share capital of the Company.

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31-03-10

Interim results
for the 6 months ended 31 January 2010

GETECH Group plc (AIM: GTC), a leading geosciences business specialising in the provision of data, studies and interpretation services to the oil and mining exploration sectors, announces its Interim results for the six months ended 31 January 2010.

Financial Highlights

· Revenue for the six months of £1,174,000 (six months ended 31 January 2009: £2,419,000)
· Loss before tax of £392,000 (six months ended 31 January 2009: Profit of £187,000)
· No interim dividend proposed (2009: interim 0.6p per share)
· Trading affected by continued impact of economic crisis, volatility in oil prices and prolonged inactivity by oil company clients with budgets set for the calendar year 2009
· Debt facility of £1m completed on favourable terms in September 2009
· Cash levels sustained giving a balance of £1m at the end of the period

Operational highlights

· Losses down 52% from previous half year
· Six new geological studies under development during the period and due for completion in the second half year
· US domestic data business, Lisle Gravity, returned notable profit in the period

Commenting on the outlook, Peter Stephens, Non-Executive Chairman of GETECH Group plc, said:

"Although during this period we suffered from continued restrictions in major oil company budgets that had been set for the calendar year, we are happy to be able to report a considerable reduction in the loss compared with the prior half year. We plan to have six new geological studies available for sale in the second half of this financial year for which specific interest has been received. In addition the Company currently holds a larger forward order book for proprietary work than has been typical in previous years; accordingly we remain confident about our medium and long term prospects."

For further information:

GETECH Group plc
Raymond Wolfson, Chief Executive Officer
Tel: 0113 322 2211

WH Ireland
Katy Mitchell
Tel: 0161 819 8875

Eric Burns
Tel: 0113 394 6608

Walbrook PR
Ben Knowles
Tel: 020 7933 8788 or Mob: 07900 346 978
ben.knowles@walbrookpr.com

Paul McManus
Tel: 020 7933 8787 or Mob: 07980 541 893
paul.mcmanus@walbrookpr.com


CHAIRMAN'S STATEMENT

I report the interim accounts of GETECH Group plc and its subsidiary company (collectively "GETECH"), the geoscience business specialising in the provision of data, studies and services to the petroleum and mining exploration sectors, for the six month period ended 31 January 2010.
Results

GETECH is disappointed to report a Group loss before tax of £392,000 (six months ended 31 January 2009: profit £187,000) after interest receivable of £3,000 (six months ended 31 January 2009: £17,000) on revenue of £1,174,000 (six months ended 31 January 2009: £2,419,000). The post-tax loss was £330,000 (six months ended 31 January 2009: profit £73,000).

The accounts have been prepared under IFRS.

Dividend

Your Board does not recommend an interim dividend.

Business review

During the half year under review, we continued to suffer from the restrictions in the budgets of our clients. These clients are, in the main, major international oil companies and their budgets are typically set for whole calendar years. As a result, the period from August to December 2009 followed a similar pattern to the period from January to July 2009. However, the loss in the six month period ended 31 January 2010 was substantially less than the loss of £815,000 in the previous half year.

During the period we have been developing the next generation of geological studies, six of which are planned for completion during the second half year. Indications from our clients are that these will be well received. We have also been successful in developing relationships which have led to an increase in proprietary work; these will in large part fall in the second half year.

Despite the low and volatile gas price, and the downturn in exploration, the US gravity data business that we acquired in December 2008 returned a notable profit in this period. We have now recruited additional staff to support the sales activity in Denver, Colorado.

As reported in September 2009, we completed a £1m debt facility with the National Westminster Bank plc at extremely favourable rates. Although we drew this down in November 2009 we have maintained a cash level generally in excess of £1m since then, with a closing balance at 31 January 2010 slightly in excess of £1m. In February 2010 we also received a corporation tax refund amounting to £176,000.
Outlook

Looking forward to the second half of this financial year, we plan to complete six new geological studies by the end of July 2010 which, with sales from our existing library and increased levels of proprietary work, we anticipate will lead to substantially more income than in the first half year.

The first new study in the current financial year was completed in February (Equatorial Atlantic Phase I). This has already attracted significant interest in view of major discoveries in the area, with deliveries to four clients in February and March making a significant contribution to revenue for the second half year. The next study due to be completed is our South East Asia Structure and Tectonics study, which already has four clients under contract.

The oil price appears to be less volatile and has remained generally above $70 per barrel for several months, and we believe we are now seeing a return towards normality of client buying patterns. The gas price, however, has not rallied in the same way as the oil price due in part to a world surplus of liquefied natural gas (LNG).

GETECH's result for the full year to July 2010 is, as usual, dependent on the crystallisation of a number of deals and the pattern of demand in the remaining few months of the year. However, we have a larger forward order book for proprietary work than has been typical in prior years, and we have clear statements from a number of clients of their wish to purchase our studies and services.

We remain confident about our medium and long-term prospects.

PETER STEPHENS
NON-EXECUTIVE CHAIRMAN
31 MARCH 2010


NOTES TO THE INTERIM REPORT
FOR THE SIX MONTHS ENDED 31 JANUARY 2010

1 Nature of operations

The principal activity of GETECH Group plc and its subsidiary company Geophysical Exploration Technology Inc. (collectively "GETECH" or "the Group") is the provision of gravity and magnetic data, services and geological studies to the petroleum and mining industries to assist in their exploration activities.

2 General information

GETECH Group plc, a limited liability company, is the Group's ultimate Parent Company. It is incorporated in England and Wales and domiciled in England (CRN: 2891368). The address of its registered office is Convention House, St Mary's Street, Leeds LS9 7DP. Its principal place of business is Kitson House, Elmete Hall, Elmete Lane, Leeds LS8 2LJ. GETECH's shares are admitted to trading on the London Stock Exchange's AIM.

The financial information for the six months ended 31 January 2010 and 31 January 2009 has not been audited and does not constitute full financial statements within the meaning of Section 434 of the Companies Act 2006. These condensed consolidated interim financial statements (the "interim financial statements") have been approved by the Board.

The financial information relating to the year ended 31 July 2009 does not constitute full financial statements within the meaning of Section 434 of the Companies Act 2006. This information is based on the Group's statutory accounts for that period. The statutory accounts were prepared in accordance with International Financial Reporting Standards as adopted by the European Union (IFRS) and received an unqualified audit report and did not contain statements under Section 498(2) or (3) of the Companies Act 2006. These financial statements have been filed with the Registrar of Companies.

3 Basis of preparation

The interim financial statements are for the six months ended 31 January 2010. They have been prepared using the recognition and measurement principles of IFRS. They do not include all the information required for full annual financial statements and should be read in conjunction with the financial statements of the Group for the year ended 31 July 2009.

The interim financial statements have been prepared under the historical cost convention.

The interim financial statements have been prepared in accordance with the accounting policies adopted in the last annual financial statements for the year ended 31 July 2009 except for the adoption of IAS 1 'Presentation of Financial Statements' (revised 2007) which became effective for accounting periods commencing on or after 1 January 2009.

The adoption of IAS 1 (revised 2007) does not affect the financial position of the Group but gives rise to additional disclosures. The measurement and recognition of the Group's assets, liabilities, income and expenses is unchanged. Under IAS 1 (revised 2007) a statement of comprehensive income is required. This includes some income and expenses previously recognised in equity without effect on income. IAS 1 (revised 2007) also requires a statement of changes in equity. The condensed consolidated statement of changes in equity shows all changes affecting the shareholders in their capacity as owners and all other changes in equity are presented in the condensed consolidated statement of comprehensive income.

The accounting policies have been applied consistently throughout the Group for the purpose of preparation of the interim financial statements.

4 Dividends

5 Earnings per share

Basic earnings per share is calculated on the basis of the loss for the period after tax, divided by the weighted average of ordinary shares in issue in the period of 29,237,151 (six months ended 31 January 2009: 28,076,922; year ended 31 July 2009: 28,651,166).

Diluted earnings per share is calculated on the basis of the loss for the year after tax, divided by the weighted average number of shares in issue plus the weighted average number of shares which would be issued if all options granted were exercised. The addition to the weighted average number of ordinary shares used in the calculation of diluted earnings per share for the six months ended 31 January 2010 is 1,256,573 (six months ended 31 January 2009: 338,294; year ended 31 July 2009: 780,849). All options in issue at 31 January 2010 and 31 July 2009 were anti-dilutive.


6 Interim Report

This Interim Report is being sent to the shareholders of GETECH and will be available at its registered office.

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