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Shore Capital Group Limited – Interim Results

14 September 2010

Hamilton, Bermuda – 14 September, 2010 – Shore Capital Group Limited (the ‘Company’; Ticker: SGR.BH), the investment bank focused on alternative asset class fund management and equity capital markets, today released its interim results for the six months ended 30 June, 2010.

Highlights

Six months ended 30 June	2010	2009	Increase
	£m	£m	%
Revenue	18.28	14.83	23.3
Profit before tax	4.73	2.29	106.6
Earnings per share (pence)	1.13	0.39	189.7
Interim dividend per share (pence)	0.25	0.25

· resilient performance despite volatile markets; operating revenue up 2.2 per cent

· ECM and Asset Management revenues were both ahead of the same period in 2009

· market-making continues strong performance, leveraging our position as 2^nd largest on AIM

· successful realisation of Puma VCTs I/II, best performance of peer group of 5 year life funds

· profit before tax of £4.7m excluding Puma Brandenburg Limited (2009 H1: £2.3m)

· balance sheet remains strong: cash balance at 30 June of £42.5m

· continued programme of promoting managerial talent from within the firm

· completed de-merger of Puma Brandenburg and corporate reorganisation

Howard Shore, Executive Chairman of Shore Capital, said:

"We commented in March when we issued our final results for 2009 that we were more cautious about the investment climate in 2010. This caution proved justified, with market conditions becoming tougher. In that context we are pleased that we have been able to maintain a strong financial performance.

“In the first few months of 2010, the team at Group level was focused on the de-merger of Puma Brandenburg and the reorganisation of the Group. It remains our intention to find further transformational deals and we have the resources available to pursue such opportunities.”

Further information on Shore Capital, this release, its products and services can be found at www.shorecap.co.uk

Contact information:

Shore Capital Group plc

Howard Shore +44 (0) 20 7468 7911

Deloitte Corporate Finance (Nominated Adviser)

Jonathan Hinton / James Lewis +44 (0) 20 7936 3000

Citigate Dewe Rogerson

Patrick Donovan +44 (0) 20 7638 9571

Tom Baldock

Angharad Couch