2006

TVR

RNS Number:5823O Maisha PLC 22 December 2006


Maisha PLC
("Maisha" or the "Company"; Ticker: (MSA))
Total Voting Rights and Share Capital

-------------------------------------

For the purposes of the transitional provisions of the Financial Services Authority's Disclosure and Transparency Rules, the total number of ordinary shares of 1 pence each in the Company in issue as at the date of this notice is 23,843,247, with each share carrying the right to one vote.

There are no shares held in treasury.

The total number of voting rights in the Company is therefore 23,843,247.

The above figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company, under the Disclosure and Transparency Rules.

For more information, please contact: Maisha Plc Guy Neely +44 (0) 20 8467 4511

Threadneedle Communications Graham Herring/Josh Royston +44 (0) 20 7936 9605

HB-Corporate Imran Ahmad/Cecil Jordaan +44 (0) 20 7510 8642


AIM - Schedule 1

RNS Number:2326O

AIM

19 December 2006

ANNOUNCEMENT TO BE MADE BY THE AIM APPLICANT PRIOR TO ADMISSION IN ACCORDANCE WITH AIM RULE 2

ALL APPLICANTS MUST COMPLETE THE FOLLOWING:

COMPANY NAME: Maisha plc COMPANY ADDRESS: Centurion House

37 Jewry Street

London COMPANY POSTCODE:

EC3N 2ER

COUNTRY OF INCORPORATION: England & Wales COMPANY BUSINESS OR, IN THE CASE OF AN INVESTING COMPANY, DETAILS OF ITS INVESTMENT STRATEGY TO BE DISCLOSED IN ACCORDANCE WITH SCHEDULE 2, PARAGRAPH (J) OF THE AIM RULES: Maisha plc (to be renamed Nordic Panorama plc) following the acquisition immediately prior to admission of Vradal Panorama Eiendom AS and Vradal Panorama Skisenter AS, is involved in the operation of a Norwegian ski resort and the sale and rental of chalets and log cabins in the resort area. DETAILS OF SECURITIES TO BE ADMITTED (i.e. where known, number of shares, nominal value and issue price to which it seeks admission and the number and type to be held as treasury shares): Number of shares to be admitted: 822,162,575

Nominal value: 1p

Issue price: 2.38p CAPITAL TO BE RAISED ON ADMISSION:

N/A

FULL NAMES AND FUNCTIONS OF DIRECTORS AND PROPOSED DIRECTORS: Existing Directors


Mumtaz Hasan Khan Non-Executive Chairman
John Edward Abraham Mocatta Non-Executive Director
Horatius Da Gama Rose Non-Executive Director

Proposed Directors


Tore Svendsen Chief Executive Officer
Petter Johnsen Chief Operating Officer
Norman Alec Charles Lott Finance Director
Kjetil Johnsen Executive Director
Per Christian Voss Non-Executive Director

PERSON(S) INTERESTED IN 3% OR MORE OF THE ISSUER'S CAPITAL, EXPRESSED AS A PERCENTAGE OF THE ISSUED SHARE CAPITAL BEFORE AND AFTER ADMISSION: Persons interested in 3% or more of the issuer's capital before admission:


The Antonion Trust Limited 27.9%
Albany International Limited 19.5%
Jackal Investments Limited 5.4%
Westminster Finance Company Limited 4.3%
James Brearley Crest Nominees 3.2%

Persons interested in 3% or more of the issuer's capital after Admission:


PJ Vradal Invest AS 65.5%
T Stykket Eiendom AS 21.8%
Great Southern Limited 9.7%

NAMES AND ADDRESSES OF ALL PERSONS TO BE DISCLOSED IN ACCORDANCE WITH SCHEDULE 2, PARAGRAPH (H) OF THE AIM RULES: Great Southern Limited

Akara Bldg

24 De Castro Street

Wickham

Cay I

ANTICIPATED ACCOUNTING REFERENCE DATE: 31 August EXPECTED ADMISSION DATE: 5 January 2007 NAME AND ADDRESS OF NOMINATED ADVISER: HB Corporate

40 Marsh Wall

Docklands

E14 9TP

NAME AND ADDRESS OF BROKER: HB Corporate

40 Marsh Wall

Docklands

E14 9TP

DETAILS OF WHERE (POSTAL OR INTERNET ADDRESS) THE ADMISSION DOCUMENT WILL BE AVAILABLE FROM, WITH A STATEMENT THAT THIS WILL CONTAIN FULL DETAILS ABOUT THE APPLICANT AND THE ADMISSION OF ITS SECURITIES: The Admission Document containing full details about the applicant and the Admission of its securities will be available from the following:

HB Corporate

40 Marsh Wall

Docklands

London E14 9TP DATE OF NOTIFICATION: 19 December 2006 NEW/ UPDATE (see note):

NEW



Maisha in reverse takeover of Norway's Vradal for 19 mln stg

LONDON (AFX) - Maisha PLC said it has entered into a conditional agreement for the reverse takeover of Norwegian chalet rental group Vradal Panorama Eiendom AS (VPE) and ski resort operator Vradal Panorama Skisenter AS (VPS) for a total sum of 19 mln stg.

This will be paid in the form of 798.32 shares at 2.38 pence each and the company's name will change to Nordic Panorama PLC.

Trading in Maisha shares on AIM were restored following this announcement.

For the half year ended June 30, the businesses of VPE and VPS made an operating profit of 23.5 mln nkr.

"In the medium to long term there are over 50 other resorts in Norway which the company may decide to look at as complementary acquisitions," said Mumtaz Khan, non-executive chairman of Maisha.

The acquisition is expected to be completed by Jan 4. newsdesk@afxnews.com ami/lam


Acquisitions

RNS Number:6719N Maisha PLC 12 December 2006


Maisha plc
("the Company")
Proposed Acquisition of Vradal Panorama Eiendom AS and
Vradal Panorama Skisenter AS

Recommencement of trading in shares on AIM following lifting of suspension


Proposed change of name to Nordic Panorama plc

The Company is pleased to announce that it has entered into a conditional agreement to acquire the entire issued capital of Vradal Panorama Eiendom AS ('VPE') and Vradal Panorama Skisenter AS ('VPS'), Norwegian based businesses involved in the operation of a ski resort and the sale and rental of chalets and log cabins in the resort area, for a consideration of #19 million, to be satisfied by the allotment and issue of. 798,319,328 new Ordinary shares at 2.38 pence per share. The Company's name will change to Nordic Panorama plc, to reflect the new management and business of the enlarged group.

The size of VPS and VPE in relations to the Company means that this transaction is considered to be a 'reverse takeover' for the purposes of the AIM Rules. Accordingly, the acquisitions are conditional on the prior approval of the shareholders.

Highlights:


* For the half year ended 30 June 2006 the businesses of VPE and VPS made

an operating profit of NOK 23.5m (#1.95m) on revenues of NOK 60.7m (#5.04m)*


* Vradal is a small community of natural beauty in southern Norway within

close proximity to major Norwegian cities such as Oslo and Stavanger. Its

mountains and lakes attract tourists year round from both Norway and abroad

offering skiing in winter and leisure activities in summer.


* VPE rents and sells chalets and log cabins within Vradal.
* VPS is the operator of the ski resort at Vradal and, in addition, sells

land plots within the resort area - resort includes ski slopes, ski rental,

ski preparation and shops


* VPE and VPS benefit from favourable agreements with the landowners and

maintain full control over the infrastructure.

* Sole representation of chalet manufacturer in Norway


* Company expected to benefit from increase in tourism and significant

uplift in demand for holiday and second homes

# ASSUMES AN EXCHANGE RATE OF NOK 12.04 = #1

Mumtaz Khan, Non-Executive Chairman of Maisha plc, commented:

"Nordic Panorama is an exciting business that offers the very best in year round activities in the beautiful surroundings of Vradal as it aims to become one of the major ski and summer resorts in Norway. There are few areas that benefit from snow covered slopes in the winter and sandy beaches and lakes in the summer.

"The complementary businesses of VPE and VPS will provide a robust offering of plot sales, chalet and log cabin sales, the resort operation and holiday home rental.

"The Company expects to benefit not only from the new ferry links to the area but also from the heightened demand for holiday and second homes in Norway, which is greatly exceeding the number of available properties. In the medium to long term there are over 50 other resorts in Norway which the company may decide to look at as complementary acquisitions."

For further information, contact:


Maisha plc via Threadneedle Comms: 020 7936 9605

Mumtaz Khan, Non-Executive Chairman Tore Svendsen, CEO


HB Corporate 020 7510 8600

Imran Ahmad Luke Cairns Cecil Jordaan


Threadneedle Communications 020 7936 9605

Graham Herring Josh Royston

Media quality photography is available from Threadneedle Communications (email: josh.royston@threadneedlepr.co.uk)

Under AIM rule 20 the admission document will be available for a period of one month from the registered office at: Centurion House, 37 Jewry Street, London , EC3N 2ER.

EXPECTED TIMETABLE OF PRINCIPAL EVENTS


Publication of this document 12 December 2006

Last time and date for receipt of Form of Proxy for the
Extraordinary General Meeting 11.35am on 2 January 2007
Extraordinary General Meeting 11.35am on 4 January 2007


Completion of the Acquisition 4 January 2007
Admission effective and dealings in Enlarged Share Capital 5 January 2007

commence on AIM


Settlement of Consideration Shares through CREST 5 January 2007

ACQUISITION STATISTICS


Number of Ordinary Shares in issue before the Acquisition 23,843,247

Number of Consideration Shares to be issued as consideration
under the Acquisition Agreement 798,319,328

Number of Ordinary Shares in issue on Admission following the
Acquisition 822,162,575

Consideration Shares as a percentage of the Enlarged Share
Capital 97.10%

Market capitalisation of the Company at the Issue Price on
Admission #19,567,469
International Security Identification Number (ISIN) GB0007279341

Trading History Consolidated income statement

Figure 1 below shows the consolidated income statement for the period ended 30 June 2006 and the years ended 31 December 2005, 2004 and 2003.

Figure 1. Consolidated income statement


Period ended Year ended Year ended Year ended
30 June 2006 31 Dec 05 31 Dec 04 31 Dec 03

TNOK TNOK TNOK TNOK


Revenue 60,667 60,422 60,631 41,538
Cost of sales (23,792) (29,464) (33,290) (26,211)
Gross profit 36,875 30,958 27,341 15,327
% 61% 51% 45% 37%
Staff costs (4,668) (5,914) (4,324) (4,295)
Administrative expenses (8,711) (4,602) (8,878) (7,898)
Profit from operations 23,496 20,442 14,139 3,134
Other gains 142 151 37 43
Finance costs (766) (986) (1,679) (2,380)
Profit before income tax 22,872 19,607 12,497 797
Taxation (5,523) (5,516) (3,603) (232)

Profit for the half year
/ year 17,349 14,091 8,894 565

TNOK - Thousand Norwegian Kroner.

Business

VPS is the operator of the ski resort at Vradal in Norway and, in addition, sells land plots within the resort area. VPS sells plots to VPE for subsequent development and resale. The plots are sold at cost to VPE and no profit is made on these intercompany transactions. VPE rents and sells chalets and log cabins within Vradal. All four activities are closely linked and contribute to the ongoing growth and sustainability of the businesses. The more plots that are sold the more chalets and log cabins that are likely to be built which, in turn, will provide a greater pool of properties for potential rental income and, potentially, more visitors.

Property development now plays a dominant part in the overall businesses of VPE and VPS, not only in terms of the profit generated from selling plots, chalets and log cabins, but also in terms of the resulting increase in the number of visitors to the resort year round, thus providing growth in the resort business.

Strategy

Currently, the strongest performing activities at Vradal Panorama are the sales of both plots and chalets and log cabins. The Directors' strategy is to increase the speed of sales and the building process. Rather than selling plots and chalets before they are built, VPS and VPE plan to build new chalets and log cabins continuously and sell them according to availability.

The Directors also intend to acquire additional land adjoining the existing Vradal Panorama resort.

In addition, the Directors intend to increase the number of chalets and log cabins available for rental which, in turn, should result in a similar growth in the sales of lift-cards. In conjunction with this VPS intends to develop a new online booking system, making it possible for holidaymakers to book stays at the resort directly on the internet. It is also intended to undertake a strategic marketing campaign of the Vradal Panorama brand particularly in Denmark, which is the major overseas market for holidaymakers visiting Vradal Panorama.

Information on VPE and VPS

Background and history

The ski resort at Vradal Panorama was originally acquired by Vradal Skisenter AS (now VPS) in 1991. VPS was incorporated in May 1990. At the time of the acquisition by VPS, Vradal Panorama was a small resort comprising a 2-seat chairlift, an old cafe building and some ski slopes. A few kilometres from the ski resort there were two hotels providing accommodation for tourists.

Since 1991, Vradal Panorama has been developed into a modern ski resort, offering skiing for all abilities from beginners to experienced skiers. The opening of the world's first 8-seat chairlift at Vradal Panorama in February 1998 was the first major step taken to develop Vradal Panorama into a major resort in the southern region of Norway.

VPE was incorporated in February 2000 as Vradal Eiendom AS to build and sell chalets and log cabins, as distinct from the operation of the resort, which is carried out by VPS.

The traditional ski-resort business at Vradal Panorama now includes ski rental, a ski preparation workshop, a shop operation of one chair lift, four pull lifts and 15 ski slopes. The management of the two cafeterias situated at Vradal Panorama is outsourced.

In addition to the further development of the core ski resort business, over the last few years Vradal Panorama has expanded into property development and catering for operator-organised holidays. This expansion has seen a significant increase in profitability. As anticipated, extensive investment in modern facilities and infrastructure for the ski resort has increased demand for chalets and log cabins in the immediate vicinity of the slopes and lifts. The majority of the chalets and log cabins at Vradal Panorama have been built with ski in/out facilities or are situated within a few hundred metres walking distance of the chairlift.

As well as the operation of the Vradal Panorama resort, the principal activities of VPE and VPS are plot sales within the resort area, chalet and log cabin sales and chalet and log cabin rentals. All four activities are closely linked and contribute to the ongoing growth and sustainability of the businesses. The more plots that are sold the more chalets and log cabins that are likely to be built which, in turn, will provide a greater pool of properties for potential rental income and, potentially, more visitors.

Property development now plays a dominant part in the overall businesses of VPE and VPS, not only in terms of the profit generated from selling plots, chalets and log cabins, but also in terms of the resulting increase in the number of visitors to the resort year round, thus providing growth in the resort business.

Vradal

Vradal is a small community situated in an area of natural beauty in southern Norway, approximately 200 kilometres from the Norwegian capital of Oslo. The combination of mountains and lakes attracts tourists all year-round. The opportunities for leisure activities in Vradal are numerous, with skiing, hiking, fishing, swimming, cycling, climbing, riding, hunting, camping and various water sports available.

Vradal Panorama is easily accessible from major cities and ports. The travelling time by road from Oslo and its suburbs is less than three hours. There are also good links from the ferry ports in Larvik, Kristiansand and Sandefjord. These ferry ports, as well as Torp Airport in Sandefjord allow access to tourists from overseas markets. In addition, several smaller Norwegian cities are situated less than two hours drive from Vradal. In the winter season (January to April) 2006 the municipality of Kviteseid, in which Vradal is one of the main tourist areas, attracted 7,797 overnight stays in rented cabins and camping sites, an increase of 112.6 per cent from 2005. Foreign guests accounted for 3,589 of these nights.

The resort covers approximately 395 acres with over 15 kilometres of ski slopes comprising 15 ski runs of varying difficulty.

The market for holiday homes

Introduction

The Norwegian market for holiday and second homes is at a historical peak, with almost 10,000 units (new and old) already having been sold in 2006. Prices for these homes rose by 23 per cent from quarter three of 2005 to quarter three of 2006 and are growing faster than prices for residential homes in general. Last year, the average price increase in holiday and second homes was 15 per cent.

In the Existing Directors' opinion, there are two main reasons for this development:


*demand for second homes is greatly exceeding the number of available

properties. Although more than 80,000 Norwegian families say they plan to

buy a second home in Norway this year, the availability of second homes

means that only approximately 10,000 families will be able to buy such a

home.


*it is predicted by Statistics Norway that the private economy in Norway

will continue to grow until 2009 (being the latest year for which

predictions have been made), mainly because of continuing low inflation and

salary growth as a result of a tight labour market. The Directors believe

that demand for holiday and second homes will therefore continue to grow.

Market segments and size

The market for holiday homes in Norway can be divided into three categories based on location: coastal properties, mountain properties and inland properties. Market Research published by Prognosesenteret in June 2005 found that 49 per cent of respondents had a coastal property at their disposal, 44 per cent a mountain property and 22 per cent an inland property. These responses indicate that some Norwegian families have more than one property at their disposal. The responses showed that 42.6 per cent of properties are located on the coast, 38.3 per cent in the mountains and the remaining 19.1 per cent in inland areas. Given that part of Vradal Panorama is situated on a mountain altitude and part in a lowland area with nearby lakes, the resort potentially attracts buyers of both mountain and inland properties.

At the beginning of 2006 there were 379,169 holiday and second homes in Norway. For the past few years approximately 5,000 new chalets and log cabins have been built each year with the speed of development increasing substantially over the last two years. In 2005 approximately 6,300 holiday homes were completed. This figure is expected to increase further in 2006 and in future years.

This increase in the rate of development is demand driven. Demand has been fairly stable for several years causing the average price of holiday homes to increase considerably, as there has been insufficient supply to meet this demand.

Market Advantages

The Directors believe that the most important factors in the market for mountain cabins are:


* the distance from the chalet to a modern ski resort. Visitors generally

look for a good lift capacity (no queues) and a sufficient number of

exciting slopes. Properties with prime locations have ski in/out facilities.

As many of the larger resorts have only a small number of plots remaining,

it is expensive to obtain ski in/out properties at these resorts. At Vradal

Panorama all the new plots have ski in/out facilities.


* travelling time. The shorter the time, the more frequent the use of

holiday homes at weekends. The majority of potential buyers live in the

greater Oslo area or in one of the cities along the coastline on the east

and west sides of the Oslofjord.

A study carried out by the "Norsk institutt for naturforskning" (Norwegian

Institute for Nature Research) in 2005 found that 47 per cent of current

second homeowners live between three and five hours travelling time from

their cabins. A further 40 per cent live between one and three hours

travelling time from their cabins and only 7 per cent live less than an

hour's travelling distance.

Vradal Panorama is within a three hour drive from several major cities and

ports, including the high population density area of Oslo and its suburbs.

* Year round availability (winter and summer activities available) A

property in Vradal, due to the climate and range in altitude, can be used

for approximately ten to eleven months a year. Not all resorts can offer the

same, as many are highland or lowland resorts, rather than both.


AIM - Restoration

RNS Number:6576N

AIM

12 December 2006

NOTICE

(869)

12/12/2006 07:00am

RESTORATION OF TRADING ON AIM

MAISHA PLC

The trading on AIM for the under-mentioned securities was temporarily suspended. At the request of the company the suspension is lifted from 12/12/2006 07:00am an announcement having been made and a document having been published.


Ordinary Shares of 1p each (0-727-934)(GB0007279341)
fully paid

If you have any queries relating to the above, please contact the company's nominated adviser on 0207 538 1166.

AIM Regulation

Ref: AIMNOT869


Directorate Change

RNS Number:1796N Maisha PLC 04 December 2006


Maisha plc
("Maisha" or "the Company")
Appointment of director

-----------------------

Maisha plc announces that Mr Howard Drummon has stepped down from the board of Maisha plc as Non-executive Director with immediate effect.

Mr John Edward Abraham Mocatta, joins the Board of Maisha as a Non-executive Director with immediate effect.

Mr Mocatta is a chartered accountant with 40 years experience at Board level in a wide range of quoted and private companies. Since 1982 he has specialised in providing strategic planning and corporate finance advice and assistance to the owners and management of expanding private companies and has actively been involved in the admission of four companies to the Alternative Investment Market as well as in acquisition and fund raising activities for several private companies.

Details of past and current directorships over the past five years are as follows: Current Directorships:
# ARC Risk Management Group Plc
# Polack's House Educational Trust

Past Directorships:
# Eden Research Plc
# Perthshire Leisure Plc
# Supreme Plastics Group Plc
# Medpharma Plc
# Kitecroft Ltd

Note that Medpharma Plc went into administration in December 2003.

For further information, please contact: Maisha Plc
Guy Neely +44 (0) 20 8467 4511

Threadneedle Communications
Graham Herring/Josh Royston +44 (0) 20 7936 9605

HB-Corporate
Imran Ahmad/Cecil Jordaan +44 (0) 20 7510 8642


Maisha narrows FY pretax loss

LONDON (AFX) - Maisha PLC narrowed its pretax loss for the full-year and said it is in advanced discussions regarding one particular proposal that could result in a reverse takeover.

Pretax loss for the year ended Aug 31 narrowed to 104,000 stg from a loss of 210,000 stg a year ago.

The company said it has requested the suspension of its shares due to the takeover discussions. newsdesk@afxnews.com lam


Final Results

RNS Number:3368L
Maisha PLC
01 November 2006

MAISHA PLC

PRELIMINARY ANNOUNCEMENT OF RESULTS
FOR THE YEAR ENDED 31 AUGUST 2006

CHAIRMAN'S STATEMENT

The Company's results show a loss for the year ended 31 August 2006 of #104,000
(2005: loss #210,000). The loss for the half year was #78,000. This loss
represents legal costs in relation to the now concluded legal proceedings as
well as the ongoing administrative costs of the Company.

On 20 July 2006 a proposal to cancel 10,218,536 ordinary shares by way of a
capital reduction in relation to the settlement with Salman Mahmood, Faheem
Ahmad and Gamma Ventures Limited (the 'Defendants') was approved by shareholders
at an Extraordinary General Meeting. Approval by the High Court to this
reduction was given on 11 October 2006 and a registration certificate confirming
the reduction in share capital has now been issued by the Companies House. There
are now 23,843,247 shares in issue

As announced in our Interim Report, having finally settled the outstanding
litigation with the Defendants we have since been in a position to pursue a
number of reverse take-over propositions. Since the publication of our Interim
Report and following the year end, we have made good progress in this area and
are in advanced discussions with one particular proposition which could
potentially result in a reverse take-over. The Company has therefore requested
the London Stock Exchange to suspend dealings in the Company's shares pending
publication of the readmission document.

Any such transaction would require shareholder approval and I hope to be in a
position to make a further announcement shortly.

M H Khan
Chairman

PROFIT AND LOSS ACCOUNT
for the year ended 31 August 2006

+------------------------------------------------------+-----------+-----------+
| | 2006 | 2005 |
+------------------------------------------------------+-----------+-----------+
| | #000 | #000 |
+------------------------------------------------------+-----------+-----------+
| | | |
+------------------------------------------------------+-----------+-----------+
|TURNOVER | - | - |
+------------------------------------------------------+-----------+-----------+
| | ______ | ______ |
+------------------------------------------------------+-----------+-----------+
|GROSS PROFIT | - | - |
+------------------------------------------------------+-----------+-----------+
| | | |
+------------------------------------------------------+-----------+-----------+
|Administrative expenses | (112) | (226) |
+------------------------------------------------------+-----------+-----------+
| | ______ | ______ |
+------------------------------------------------------+-----------+-----------+
|OPERATING LOSS | (112) | (226) |
+------------------------------------------------------+-----------+-----------+
| | | |
+------------------------------------------------------+-----------+-----------+
|Interest receivable | 8 | 16 |
+------------------------------------------------------+-----------+-----------+
| | ______ | ______ |
+------------------------------------------------------+-----------+-----------+
|Loss on ordinary activities before taxation | (104) | (210) |
+------------------------------------------------------+-----------+-----------+
| | | |
+------------------------------------------------------+-----------+-----------+
|Tax on loss on ordinary activities | - | - |
+------------------------------------------------------+-----------+-----------+
| | ______ | ______ |
+------------------------------------------------------+-----------+-----------+
|LOSS FOR THE FINANCIAL YEAR | (104) | (210) |
+------------------------------------------------------+-----------+-----------+
| | ______ | ______ |
+------------------------------------------------------+-----------+-----------+
|LOSS PER SHARE | (0.31)p| (0.62)p|
+------------------------------------------------------+-----------+-----------+
| | ______ | ______ |
+------------------------------------------------------+-----------+-----------+

There were no acquisitions or discontinued operations during the above two
financial years.

All the gains and losses for the period have been recognised in the profit and
loss account.

BALANCE SHEET
as at 31 August 2006

+------------------------------------------+-----------------+-----------------+
| | 2006 | 2005 |
+------------------------------------------+--------+--------+--------+--------+
| | #000 | #000 | #000 | #000 |
+------------------------------------------+--------+--------+--------+--------+
| | | | | |
+------------------------------------------+--------+--------+--------+--------+
|FIXED ASSETS | | | | |
+------------------------------------------+--------+--------+--------+--------+
|Tangible assets | | - | | - |
+------------------------------------------+--------+--------+--------+--------+
|Investments | | - | | - |
+------------------------------------------+--------+--------+--------+--------+
| | |______ | |______ |
+------------------------------------------+--------+--------+--------+--------+
| | | - | | - |
+------------------------------------------+--------+--------+--------+--------+
|CURRENT ASSETS | | | | |
+------------------------------------------+--------+--------+--------+--------+
|Debtors | 6 | | 12 | |
+------------------------------------------+--------+--------+--------+--------+
|Cash at bank and in hand | 211 | | 323 | |
+------------------------------------------+--------+--------+--------+--------+
| |______ | |______ | |
+------------------------------------------+--------+--------+--------+--------+
| | 217 | | 335 | |
+------------------------------------------+--------+--------+--------+--------+
| | | | | |
+------------------------------------------+--------+--------+--------+--------+
|CREDITORS: amounts falling due within one | (33) | | (47) | |
|year | | | | |
+------------------------------------------+--------+--------+--------+--------+
| |______ | |______ | |
+------------------------------------------+--------+--------+--------+--------+
|NET CURRENT ASSETS | | 184 | | 288 |
+------------------------------------------+--------+--------+--------+--------+
| | |______ | |______ |
+------------------------------------------+--------+--------+--------+--------+
|NET ASSETS | | 184 | | 288 |
+------------------------------------------+--------+--------+--------+--------+
| | |______ | |______ |
+------------------------------------------+--------+--------+--------+--------+
| | | | | |
+------------------------------------------+--------+--------+--------+--------+
|CAPITAL AND RESERVES | | | | |
+------------------------------------------+--------+--------+--------+--------+
|Called up share capital | | 340 | | 340 |
+------------------------------------------+--------+--------+--------+--------+
|Share premium account | | 524 | | 524 |
+------------------------------------------+--------+--------+--------+--------+
|Profit and loss account | | (680) | | (576) |
+------------------------------------------+--------+--------+--------+--------+
| | |______ | |______ |
+------------------------------------------+--------+--------+--------+--------+
|EQUITY SHAREHOLDERS' FUNDS | | 184 | | 288 |
+------------------------------------------+--------+--------+--------+--------+
| | |______ | |______ |
+------------------------------------------+--------+--------+--------+--------+

CASH FLOW STATEMENT
for the year ended 31 August 2006

+------------------------------------------+-----------------+-----------------+
| | 2006 | 2005 |
+------------------------------------------+--------+--------+--------+--------+
| | #000 | #000 | #000 | #000 |
+------------------------------------------+--------+--------+--------+--------+
| | | | | |
+------------------------------------------+--------+--------+--------+--------+
|NET CASH OUTFLOW FROM | | | | |
+------------------------------------------+--------+--------+--------+--------+
|OPERATING ACTIVITIES | | (120) | | (228) |
+------------------------------------------+--------+--------+--------+--------+
| | | | | |
+------------------------------------------+--------+--------+--------+--------+
|RETURNS ON INVESTMENTS AND | | | | |
+------------------------------------------+--------+--------+--------+--------+
|SERVICING OF FINANCE | | | | |
+------------------------------------------+--------+--------+--------+--------+
|Interest received | 8 | | 16 | |
+------------------------------------------+--------+--------+--------+--------+
| |______ | |______ | |
+------------------------------------------+--------+--------+--------+--------+
|Net cash inflow from returns on | | | | |
+------------------------------------------+--------+--------+--------+--------+
|investments and servicing of finance | | 8 | | 16 |
+------------------------------------------+--------+--------+--------+--------+
| | |______ | |______ |
+------------------------------------------+--------+--------+--------+--------+
|DECREASE IN CASH | | (112) | | (212) |
+------------------------------------------+--------+--------+--------+--------+
| | |______ | |______ |
+------------------------------------------+--------+--------+--------+--------+
| | | | | |
+------------------------------------------+--------+--------+--------+--------+
|RECONCILIATION OF NET CASHFLOW TO | | | | |
+------------------------------------------+--------+--------+--------+--------+
|MOVEMENT IN NET FUNDS | | | | |
+------------------------------------------+--------+--------+--------+--------+
|Decrease in cash | | (112) | | (212) |
+------------------------------------------+--------+--------+--------+--------+
| | |______ | |______ |
+------------------------------------------+--------+--------+--------+--------+
|Change in Net Funds resulting from cash | | (112) | | (212) |
|flows | | | | |
+------------------------------------------+--------+--------+--------+--------+
| |______ | |______ |
+---------------------------------------------------+--------+--------+--------+
|Movement in Net Funds | (112) | | (212) |
+---------------------------------------------------+--------+--------+--------+
|NET FUNDS AT 1 SEPTEMBER 2005 | 323 | | 535 |
+---------------------------------------------------+--------+--------+--------+
| |______ | |______ |
+---------------------------------------------------+--------+--------+--------+
|NET FUNDS AT 31 AUGUST 2006 | 211 | | 323 |
+---------------------------------------------------+--------+--------+--------+
| |______ | |______ |
+---------------------------------------------------+--------+--------+--------+

For further information:

Maisha Plc
Guy Neely +44 (0) 208 4674511

Threadneedle Communications
Graham Herring/Josh Royston +44 (0) 20 7936 9605

HB-Corporate
Imran Ahmad/Cecil Jordaan +44 (0) 20 7510 8642


AIM - Suspension

RNS Number:3319L

AIM

01 November 2006

NOTICE

(763)

01/11/2006 7:00am

TEMPORARY SUSPENSION OF TRADING ON AIM

MAISHA PLC

At the request of the company trading on AIM for the under-mentioned securities has been temporarily suspended from 01/11/2006 7:00am pending an announcement.


Ordinary Shares of 1p each (0-727-934)(GB0007279341)
fully paid

If you have any queries relating to the above, please contact the company's nominated adviser on 020 7510 8600.

AIM Regulation

Ref: AIMNOT763


Change of Adviser

RNS Number:9435G Maisha PLC 28 July 2006

Maisha Plc ('MSA')

Change of Adviser -----------------

The Directors of Maisha Plc ('MSA') have pleasure in announcing that HB Corporate, a division of Hoodless Brennan Plc, has been appointed as the Company's Nominated Adviser and Broker with immediate effect.

For further information, please contact Guy Neely.

Guy Neely Company Secretary Maisha PLC Tel: 0208 467 4511

Imran Ahmad / Cecil Jordaan HB Corporate Tel: 0207 510 8642


Result of EGM

RNS Number:5582G Maisha PLC 21 July 2006

MAISHA PLC

At the Extraordinary General Meeting held yesterday, the resolution to reduce the capital of the Company by 10,218,536 of Ordinary Shares of 1p each and to cancel the amount outstanding to the share premium account was duly passed. An application will now be made to the High Court for the confirmation of the reduction of capital which, it is hoped, will be obtained by 31st August 2006.

On the basis that such confirmation is obtained, the issued share capital of the Company will comprise 23,842,464 Ordinary Shares of 1p each

21 July 2006


Circ re. Share Cancellation

RNS Number:2326F Maisha PLC 27 June 2006

Proposed Cancellation of Shares by way of a Reduction of Capital (the
"Proposal") and Notice of Extraordinary General Meeting

Further to the announcement made on 4 May 2006 relating to the settlement agreement entered into on 3 May 2006 between (1) Faheem Ahmad, Salman Mahmood and Gamma Ventures Limited and (2) Maisha plc ("Maisha" or the "Company"), Maisha announces that it has today posted to its shareholders a circular ("the Circular") setting out details of the Proposal and convening an Extraordinary General Meeting of the Company to be held at the Company's registered office, Centurion House, 37 Jewry Street, London EC3N 2ER at 11.00 a.m. on 20 July 2006, for the purpose of considering and, if thought fit, passing the following special resolution:

"That:

(i) the share capital of the Company be reduced by #102,185.36 such
reduction being effected by cancelling and extinguishing the 5,109,268
Ordinary Shares of 1p each registered in the name of Salman Mahmood and
the 5,109,268 Ordinary Shares of 1p each registered in the name of Gamma
Ventures Limited; and

(ii) the amount standing to the credit of the share premium account of
the Company be cancelled."

The Circular contains a letter from the Chairman of Maisha setting out the reasons for, and effects of, the Proposal and the action to be taken by shareholders in respect of the EGM.

Copies of the Circular are available from the registered office of Maisha, Centurion House, 37 Jewry Street, London EC3N 2ER.

27 June 2006


Maisha says has until March 2007 to complete reverse takeover

LONDON (AFX) - Maisha PLC said it has until March 2007 to pursue and then complete any reverse takeover propositions if it wishes to remain on AIM or commence liquidation.

Earlier this month the company said it has reached settlement in its dispute with the vendors of Pearl Micro Solutions Ltd, originally acquired in a reverse takeover in Aug 2003.

Maisha had claimed there were breaches of the original acquisition deal, and had sued Pearl's former directors Salman Mahmood and Faheem Ahmad, and Gamma Ventures Ltd, which was involved in the sale.

The company said the defendants have agreed to return to Maisha for cancellation all the 10,218,536 shares issued to them in respect of the Pearl Micro acquisition against payment to the defendants of 1 stg. Pearl Micro Solutions has been handed back to the Defendants.

Turning to the figures, Maisha reported a loss of 78,000 stg for the six months to Feb 28 2006 compared to a 95,000 stg loss in the same period in 2005. During the half year a further 33,000 stg was spent on fees relating to legal proceedings against Mahmood, Ahmad and Gamma Ventures Ltd. newsdesk@afxnews.com nes


Interim Results

RNS Number:5081D
Maisha PLC
24 May 2006

MAISHA PLC

INTERIM REPORT FOR THE SIX MONTHS TO 28 FEBRUARY 2006

CHAIRMAN'S STATEMENT

The Company's results show a loss for the half year of #78,000 (2005: #95,000).
During the half year a further #33,000 was spent on fees relating to legal
proceedings against Salman Mahmood, Faheem Ahmad and Gamma Ventures Limited (the
"Defendants").

Following Shareholders rejection of the first Settlement proposals a revised
Settlement has now been agreed with the Defendants and cleared with the Takeover
Panel. The Defendants have agreed to return to Maisha for cancellation all the
10,218,536 consideration shares issued to the Defendants in respect of the
acquisition of Pearl Micro Solutions Limited (the "Consideration Shares")
against payment to the Vendors of the sum of #1.

The Company is now in a position to pursue a number of reverse take-over
propositions and has until March 2007 to complete one if it wishes to remain on
AIM. If a reverse take-over does not materialise in the near future liquidation
of the Company will be commenced.

Faheem Ahmad has resigned as a Director. Pearl Micro Solutions Limited has been
handed back to the Defendants.

M H Khan
Chairman
24 May 2006

SUMMARISED PROFIT AND LOSS
Half year ended Half year ended
28 February 28 February Year ended 31
2006 2005 August 2005
(Unaudited) (Unaudited) (Audited)
#'000 #'000 #'000

Turnover - - -
-------------------------- ---------- ---------- ---------
Operating loss (83) (104) (226)
Net interest 5 9 16
-------------------------- ---------- ---------- ---------
Loss on ordinary activities
before and after taxation (78) (95) (210)
-------------------------- ---------- ---------- ---------
Loss per share (Note 2) (0.23)p (0.28)p (0.62)p
-------------------------- ---------- ---------- ---------

BALANCE SHEET
As at As at As at
28 February 28 February 31 August
2006 2005 2005
(Unaudited) (Unaudited) (Audited)
#'000 #'000 #'000

Fixed assets - - -
-------------------------- ---------- ---------- ---------
Current assets
Debtors 8 7 12
Cash at bank and in hand 239 428 323
-------------------------- ---------- ---------- ---------
247 435 335
Creditors: amounts falling
due within one year (37) (32) (47)
-------------------------- ---------- ---------- ---------
Net current assets 210 403 288
-------------------------- ---------- ---------- ---------
Total assets less
liabilities 210 403 288
-------------------------- ---------- ---------- ---------

Capital and reserves
Called up share capital 340 340 340
Share premium account 524 524 524
Profit and loss account (654) (461) (576)
-------------------------- ---------- ---------- ---------
210 403 288
-------------------------- ---------- ---------- ---------

CASH FLOW STATEMENT
Half year ended Half year ended
28 February 28 February Year ended 31
2006 2005 August 2005
(Unaudited) (Unaudited) (Audited)
#'000 #'000 #'000

Net cash outflow from
operating activities (89) (116) (228)
Interest received 5 9 16
-------------------------- ---------- ---------- ---------
Decrease in cash (84) (107) (212)
-------------------------- ---------- ---------- ---------

NOTES TO THE INTERIM REPORT

1 - Basis of preparation

The Interim Report has been prepared under the historical cost convention, in
accordance with applicable accounting standards.

The Interim Report does not comprise statutory accounts for the purpose of
section 240 of the Companies Act 1985.

The information for the six months ended 28 February 2006 and the six months
ended 28 February 2005 is unaudited and has not been reviewed by the Company's
auditors. The information for the six months ended 28 February 2005 forms part
of the results contained in the statutory accounts for the year ended 31 August
2005. The information for the year ended 31 August 2005 has been extracted from
the statutory accounts which have been delivered to the Registrar of Companies
on which a qualified audit report was issued in respect of non-compliance with
accounting standards due to the non-consolidation of Pearl Micro Solutions
Limited.

2 - Loss per share

Loss per share is based on a loss after taxation of #78,000 and on 34,061,783
shares, being the number of ordinary shares in issue during the period (February
2005: #95,000 loss and 34,061,783 shares and August 2005: #210,000 loss and
34,061,783 shares).

3 - Dividends

The Directors do not propose the payment of an interim dividend.

4 - Consolidation

The summarised profit and loss account, balance sheet and cash flow statement
for the six months ended 28 February 2006 have not been consolidated in respect
of Pearl Micro Solutions Limited ("Pearl") on the grounds that reliable
financial information has not been received from that company. Accordingly, the
interim unaudited and annual audited figures included in this report exclude
Pearl and reflect a company own position only.

5 - Publication

Copies of this statement will be circulated to all shareholders and will also be
available from the registered office of the Company, Centurion House, 37 Jewry
Street, London EC3N 2ER.


Maisha reaches settlement with Pearl Micro vendors

LONDON (AFX) - Maisha PLC said it has reached settlement in the dispute with the vendors of Pearl Micro Solutions Ltd, originally acquired in a reverse takeover by Maisha in Aug 2003.

Maisha had claimed there were breaches of the original acquisition deal, and has sued Pearl's former directors Salman Mahmood and Faheem Ahmad, and Gamma Ventures Ltd, which was involved in the sale.

Following the settlement, Maisha said damages will be assessed at a later date.

The company said the defendants have agreed to return to Maisha for cancellation all the 10,218,536 shares issued to them in respect of the Pearl Micro acquisition against payment to the defendants of 1 stg.

In addition, Faheem Ahmad has resigned from his position as a director of the company.

The company also said it intends to seek the approval of the shareholders and to make the appropriate application to the High Court for the cancellation of the shares being returned as soon as practicable and it is hoped that the process can be concluded within three months.


Settlement & Board Change

MAISHA PLC

LITIGATION SETTLEMENT AND BOARD CHANGE

Following the announcement made at the Annual General Meeting, the Company entered judgment against Salman Mahmood, Faheem Ahmad and Gamma Ventures Limited ("the Defendants") on 20th February 2006, with damages to be assessed at a later date.

The Company has now agreed with the Defendants the terms of a settlement agreement ("the Settlement Agreement"), whereby, in settlement of the judgment obtained by Maisha, inter alia, the Defendants have agreed to return to Maisha for cancellation all the 10,218,536 consideration shares issued to the Defendants in respect of the acquisition of Pearl Micro Solutions Limited ("the Consideration Shares") against payment to the Defendants of the sum of #1. In addition, in accordance with the terms of the Settlement Agreement, Faheem Ahmad has resigned from his position as a director of the Company.

The effect of such a cancellation will be, insofar as the other shareholders of the Company are concerned, to return shareholders as far as possible to the position they were in prior to the acquisition both as regards voting rights and their capital participation in the Company.

The Board believes that such settlement terms are in the best interests of the Company.

The Company intends to seek the approval of the shareholders and to make the appropriate application to the High Court for the cancellation of the Consideration Shares as soon as practicable and it is hoped that the process can be concluded within three months.

In the meantime the Consideration Shares will be held by WB Nominees Limited, the nominee company of the Company's brokers, Keith, Bayley, Rogers & Co. Limited (a director of which, Howard Drummon, is also a Director of Maisha). Acting as nominee, WB Nominees Limited will undertake:-

* not to sell or otherwise dispose of the Consideration Shares; and

* not to vote the Consideration Shares for any purpose except to vote

in favour of resolutions to be put to shareholders at an EGM convened

for the purpose of approving an application to the High Court for a

reduction of capital by way of cancellation of the Consideration Shares.

The Board will keep shareholders informed as to any developments.

Enquiries to:

Guy Neely, Company Secretary, Maisha plc : 020 8467 4511

Derek Crowhurst, Keith Bayley Rogers & Co Limited : 020 7871 2232


Result of AGM

Maisha plc announces that at its Annual General Meeting held today, all resolutions were duly passed.

In addition, the Chairman of the Meeting made the following statement with regard to the current status of the proceedings against Salman Mahmood, Faheem Ahmad and Gamma Ventures Limited:

"Following the striking out of all the Defences and Counterclaims of the Defendants in these proceedings, Maisha is in the process of entering judgment against the Defendants. An appointment with the Master is arranged for 20 February 2006 at which the necessary arrangements will be put in hand to assess damages. As soon as such assessment has taken place a further announcement will be made to shareholders."

9 February 2006