Final results for the year to 31 March 2012

31 August 2012

NCI Vehicle Rescue plc

(the "Company" or "NCI")

Final results for the year to 31 March 2012

The board of NCI is pleased to present the Company's final results for the year
to 31 March 2012.

Highlights

* Group sales up 114% from GBP4.58m to GBP9.82m

* Group turnover (commission and fee income) up c.52% from GBP2.88m to GBP4.38m

* Gross profits up from GBP1.58m to GBP2.44m, an increase of 55%

* Net profit for the year of GBP199,447 against a prior year loss of (GBP10,132)

* Claims reserves strengthened by GBP111,000 to provide for the possibility of
a harsh winter

* Successful conclusion of the business restructuring bringing synergy
between all departments

CHAIRMAN’S STATEMENT

The results for the financial year to 31 March 2012 are very encouraging and
reflect the efforts of our team and the improvements in performance that we
expected following the restructuring undertaken last year.

During the period, Richard Sharman and Paul Barrett were appointed to the board
and have helped the executive team drive the business to achieve this strong
set of results. The rapid growth of the business brought with it challenges in
handling the extra workload and we are pleased to advise that each division has
done well to meet these challenges and the company is in a good position to
manage the further growth we anticipate.

We are also pleased to advise that the new relationships we announced in last
year's results have flourished, showing good progress which we expect will
continue to develop in future periods. A number of new opportunities are in the
pipeline and, upon successful conclusion of the negotiations, should provide a
further boost to our growth.

Breakdown

Rates charged in the breakdown arena continue to be very competitive, however,
we have noticed a reduction in the downward pressure on prices and we have
continued to maintain our market share.

During the period under review, the new rating structures that were put in
place have allowed more profitable business to be transacted, as forecast.

Additional new contracts have been entered into and are expected to provide a
good level of income in future periods. Further, we have also introduced a
wholesale opportunity that will provide access to new and additional markets.

Motor Insurance

We advised in last year's statement that we had signed a new contract with an
insurance partner and we are pleased to say that this has proved as successful
as we had envisaged and has since become a major part of our plans moving
forward. In this period, we have successfully negotiated substantial additional
capacity to this contract which will allow us to greatly increase the amount of
motor insurance business we are able to transact in the 2012/2013 financial
year compared to the prior year.

We do, however, recognise the need to continue to add further contracts to our
portfolio and we hope to have some positive news on this later in the year.

Underwriting results on most of our motor accounts look positive and we, as
with most of the insurance industry, are hoping that rates continue to be set
to make profit. Our strategy is only to underwrite for profit and not to use it
as a tool to pursue additional clients at the cost of profitability for our
insurance partners.

Pet Insurance

This scheme has done well in its first year with sales approaching GBP700,000
producing gross commissions of around GBP275,000. As with any new scheme, we do
not see the benefit of the renewal income until the end of the year, in this
case being 2012/2013. Should we not receive any renewal income, we will have
still made some profit from this new venture and developed our systems so that
they support us in adding to our client base and working with new partners.
Three new contracts should be starting in the next quarter and we have further
developments that will add income in the future periods.

The pet insurance market has seen a number of insurers exit due to unacceptable
claims loss ratios. Generally, insurers who sold at reduced rates to capture
new clients have found that the premiums collected fell far short of the claims
incurred and have since pulled out of this market. The exit of these insurers
has had a positive, stabilising effect on the marketplace particularly for
providers like NCI that sold at sustainable rates. As we continue to develop
our marketing strategy to work with affinity partners, we expect further growth
for the Group in this area.

We maintain our view that this product is better marketed off-line to retain
good average premiums and protect the insurers against the possibility of high
claims levels, however, we also review the situation periodically to check if
the on-line landscape has changed and can provide us with profitable business.

Claims Administration

Vehicle Rescue Network has returned to its original fee structure for the
claims it administers for Sterling Rock and this has had a positive effect on
fee income per claim. Adversely, the number of claims over the winter period is
considerably lower than the previous two years, however, this is favourable for
Sterling Rock. Existing relationships with external companies on whose behalf
we handle claims have continued to strengthen evidenced by an increase in both
the volume and the scope of our contracts and we have added further contracts
attracting extra income from outside the Group.

Sterling Rock

After two successive extreme winters in the UK, the business has benefitted
from the milder winter than average in the review period as fewer periods of
severely cold and wet weather reduced the number of claims made. In addition to
the reduction of claims, the restructuring of our ratings instigated in 2010/
2011 to attract a better risk portfolio is bringing the profit rewards we had
envisaged. Claim costs have been controlled well and we have seen good
stability throughout 2011/2012.

Despite having had a mild winter in the reporting period, we have increased our
reserves by over GBP100,000 as a prudent precaution against another severe winter
in 2012/2013. As stated last year, should the reserves be proven to be
excessive these can be released during the year. We are erring on the side of
caution following the effect unforeseen weather events had on the previous end
of year results.

Outlook

The board is optimistic that there will be a continuation of growth across most
sectors of the business throughout 2012/2013. Growth in the motor and pet
insurance divisions should be substantial with growth in breakdown and claims
services being slower than these divisions but still very meaningful.

Additional Group sales should bring good economies of scale but with rapid
growth comes additional challenges. We are putting additional support services
in place to ensure growing pains are kept to a minimum and that we are able to
efficiently manage the increase in the number of customers. The board also
recognises that recruiting and retaining the right staff is increasingly more
important and that success in this area is vital as we move into our next stage
of development and expansion.

Early indications are that we have had a good start to the year and we will
issue a trading statement providing further details in due course.

I would like to take this opportunity to thank our staff for their hard work
and to our shareholders for their continued support.

C Richard Jackson MBE DL

Chairman

GROUP PROFIT AND LOSS ACCOUNT

FOR THE YEAR TO 31 MARCH 2012

2012 2011

GBP GBP GBP GBP

GROUP TURNOVER 4,375,638 2,880,267

Cost of sales (1,934,980) (1,305,216)

GROSS PROFIT 2,440,658 1,575,051

Distribution costs (94,512) (123,858)

Administrative expenses (2,098,887) (1,467,945)

Other operating income 4,808 5,344

OPERATING PROFIT / ( LOSS) 252,067 (11,408)

Interest receivable and similar income 720 4,456

Interest payable and similar charges (883) (1,441)

PROFIT / (LOSS) ON ORDINARY ACTIVITIES BEFORE TAXATION 251,904 (8,393)

Tax on profit on ordinary activities (52,457) (1,739)

PROFIT / (LOSS) FOR THE FINANCIAL YEAR 199,447 (10,132)

EARNINGS PER SHARE

Basic earnings per share 2.0p (0.1)p

Diluted earnings per share 1.8p (0.1)p

All of the activities of the Group are classed as
continuing

GROUP BALANCE SHEET

AS AT 31 MARCH 2012

2012 2011

GBP GBP GBP GBP

FIXED ASSETS

Intangible assets 136,863 31,752

Tangible assets 126,242 103,419

Investments 250,000 0

513,105 135,171

CURRENT ASSETS

Debtors 689,324 236,792

Cash at bank and in hand 972,099 778,158

1,661,423 1,014,950

CREDITORS: amounts falling due within one year (1,431,300) (746,624)

(MORE TO FOLLOW) Dow Jones Newswires

August 31, 2012 02:00 ET (06:00 GMT)
NET CURRENT ASSETS                                          230,123      268,326

TOTAL ASSETS LESS CURRENT LIABILITIES 743,228 403,497

PROVISIONS FOR LABILITIES

Deferred taxation (21,291) (10,589)

721,937 392,908

CAPITAL AND RESERVES

Share capital 103,100 98,167

Share premium 636,282 493,215

Share option reserves 40,647 24,280

Other reserves 0 (15,377)

Profit and loss account (58,092) (207,377)

721,937 392,908

GROUP CASHFLOW STATEMENT

FOR THE YEAR TO 31 MARCH 2012

2012 2011

GBP GBP

NET CASH INFLOW / (OUTFLOW) FROM OPERATING ACTIVITIES 450,818 (14,754)

returns on investments and servicing of finance (163) 3,015

taxation 55,013 (69,885)

capital expenditure and financial investment (321,207) (38,006)

Equity dividends paid 0 (49,083)

CASH INFLOW / (OUTFLOW) BEFORE FINANCING 184,461 (168,713)

Financing 14,433 (8,313)

INCREASE / (DECREASE) IN CASH 198,894 (177,026)

NOTES TO THE FINANCIAL STATEMENTS

Note 1 – Accounting policies

There have been no changes to the accounting policies adopted by the Group
during the year to 31 March 2012.

Note 2 – Dividend

The Board of the Company does not propose to pay a dividend

Note 3 – Announcement information

The information contained within this announcement has been reviewed by the
Company’s auditors.

The Directors take responsibility for this announcement.

For further information, please visit corporate.ncionline.co.uk/ or contact:

NCI Vehicle Rescue plc 0800 783 6026
Neil Richards-Smith

Cairn Financial Advisers LLP 020 7148 7900
Jo Turner / Liam Murray

END