2005

LONDON (AFX) - Maisha PLC narrowed its pretax loss in the full year slightly to 210,000 stg in the period to end-August from 253,000 a year earlier, or a 0.62 pence per share loss against a 0.74 p loss.

During the period it considered a number of reverse takeover propositions, these and others will be pursued as soon as the ongoing litigation has been concluded. It incurred legal fees of 99,000 stg in the full year.

Maisha is pursuing litigation against the vendors of Pearl Micro Solutions Ltd, originally acquired in a reverse takeover by Maisha in Aug 2003, after shareholders at its EGM in July rejected an out-of-court settlement between the parties.

Today, the company said the trial is now expected to begin in July 2006. and it is budgeting Further costs of 95,000 stg. If all of this is spent, the company's cash resources will be down to 50,000 stg before the end of 2006.

Maisha claims 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.

newsdesk@afxnews.com


LONDON (AFX) - Maisha PLC said it will pursue litigation against the vendors of Pearl Micro Solutions Ltd, originally acquired in a reverse takeover by Maisha in August 2003, after shareholders at its EGM today rejected an out-of-court settlement between the parties.

Maisha announced on May 16 that it had reached a settlement with Salman Mahmood, Faheem Ahmad and Gamma Ventures Ltd, the sellers of PMS. Under the agreement, stock representing 30 pct of Maisha's share capital was to be returned to the group for cancellation, while Maisha was to return to the vendors their stock in PMS. The sellers were also due to receive 50,000 stg as well as legal costs amounting to 2,750 stg.

But at today's EGM, Maisha's shareholders voted overwhelmingly against the settlement, with around 12.47 mln votes cast against the resolution and only 678,073 votes in favour.

newsdesk@afxnews.com


MAISHA PLC

EXTRAORDINARY GENERAL MEETING

At the Extraordinary General Meeting of Maisha plc (the "Company") held today Resolution 1 to approve the terms of the conditional agreement dated 16 May 2005 between Faheem Ahmad, Salman Mahmood and Gamma Ventures Limited (the "Defendants") and the Company was defeated. The result of the poll was 678,073 votes in favour and 12,473,543 votes against.

Since Resolutions 2, 3 and 4 were directly or indirectly conditional upon the passing of Resolution 1, the remaining Resolutions were withdrawn.

Accordingly, the Company will pursue the litigation against the Defendants and further announcements will be made as and when appropriate.

14 July 2005


RNS Number:6762N Maisha PLC 16 June 2005


Maisha plc
Proposed Settlement Agreement, Proposed Winding up and Proposed

Cancellation of 10,218,536 Ordinary Shares by way of a Capital Reduction
("the Proposals")

Maisha plc ("Maisha" or "the Company") announces that it has today posted to its shareholders a circular ("the Circular") setting out details of the Proposals 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 14 July 2005, for the purpose of considering and, if thought fit, passing the following resolutions:

1. approving the terms of a conditional agreement ("the Settlement Agreement")

entered into by Maisha on 16 May ;

2. conditional upon resolution 1 being passed, that the Company be wound up

voluntarily;

3. conditional upon resolution 2 being passed, that Guy Harrison of Crane and

Partners, Sussex House,8-10 Homesdale Road, Bromley, Kent BR2 9LZ be

appointed as liquidator for the purpose of such winding up;

4. conditional upon resolution 1 being passed and resolution 2 not being

passed, the authorised share capital be reduced by #102,185.36, such

reduction being effected inter alia by the cancellation of 10,218,536

Ordinary shares of 1p each registered in the name of Salman Mahmood and

Gamma Ventures Limited, who are named as two of the Defendants in the

Settlement Agreement.

Resolutions 1 and 3 will be proposed as Ordinary resolutions and resolutions 2 and 4 will be proposed as Special resolutions.

The Circular contains full details of the Settlement Agreement and reasons for, and effects of, the Proposals and the action to be taken by shareholders in respect of the EGM. Copies of the Circular are available from the Company Secretary, Maisha plc, 6th Floor, 52 Haymarket, London SW1Y 4RP, telephone 020 7976 2299.

16 June 2005


LONDON (AFX) - Maisha PLC said it signed an out-of-court settlement with the sellers of Pearl Micro Solutions, which it acquired in a reverse takeover in August 2003.

Under the terms of the settlement, stock representing 30 pct of the company's share capital will be returned to the group for cancellation. The 10.22 mln shares were issued as part of the original takeover deal.

At the same time, Maisha will give the vendors back their stock in PMS. The sellers -- Salman Mahmood, Faheem Ahmad and Gamma Ventures Limited -- will also receive 50,000 stg as well as legal costs amounting to 2,750 stg.


RNS Number:3693M Maisha PLC 16 May 2005

MAISHA PLC

CONDITIONAL SETTLEMENT AGREEMENT

Maisha plc ("Maisha") announces that it has today signed a conditional out of court settlement agreement with Salman Mahmood, Faheem Ahmad and Gamma Ventures Limited, the vendors of Pearl Micro Solutions Limited ("PMS") which was originally acquired by Maisha in August 2003.

Following the acquisition of PMS, on 24 March 2004 Maisha commenced legal proceedings against Salman Mahmood, Faheem Ahmad and Gamma Ventures Limited ("the Defendants") inter alia for alleged serious breaches of warranties and these proceedings were due to go to trial on 20 June 2005.

The settlement agreement, which is conditional on the approval of Maisha shareholders in general meeting, provides for the return for cancellation of 10,218,536 Ordinary Shares, representing 30% of Maisha's issued share capital, which were issued as consideration to the Defendants at the time of the acquisition of PMS. As part of the proposed settlement Maisha would pay the Defendants an amount of #50,000, repay to the Defendants an amount of #2,750 previously paid by the Defendants as costs to Maisha's solicitors by order of the Court, and return to the Defendants the shares of PMS. On conclusion of the agreement Faheem Ahmad would resign as a director of Maisha.

A circular setting out details of these proposals and convening an Extraordinary General Meeting of Maisha will be sent to shareholders as soon as practicable.

Enquiries:

Guy Neely, Company Secretary, Maisha plc

Tel. 020 7976 2299

16 May 2005


LONDON (AFX) - Maisha PLC said its pretax losses narrowed in the six months to end February to 95,000 stg from 104,000 stg the previous year.

The company has no sales.

During the half year a further 48,000 stg was spent on legal proceedings relating to its reverse takeover of Pearl Micro Solutions.

The company has since reached an out of court settlement with the defendants and will provide details at a later date.

It had agreed a company voluntary arrangement for Pearl Micro but on Feb 22 creditors were notified that the voluntary arrangement had failed.

newsdesk@afxnews.com


RNS Number:3494M
Maisha PLC
16 May 2005

MAISHA PLC

INTERIM REPORT FOR THE SIX MONTHS TO 28 FEBRUARY 2005

CHAIRMAN'S STATEMENT

The Company's results show a loss for the half year of #95,000 (2004: #104,000
loss). During the half year a further #48,000 was spent on fees relating to
legal proceedings against Salman Mahmood, Faheem Ahmad and Gamma Ventures
Limited (the "Defendants").

Conscious of continuing legal costs and of the expenses delay was causing, an
Out of Court Settlement, subject to shareholder approval, has now been reached
with the Defendants which will be put to an Extraordinary General Meeting to be
notified to shareholders, inter alia, and held shortly. Details of the proposed
settlement will be set out in the circular that will accompany the Notice of
Meeting.

As previously reported on 16 July 2004 a Company Voluntary Arrangement was
agreed for Pearl Micro Solutions Limited ("Pearl"). On 22 February 2005
creditors were notified that the Voluntary Arrangement had failed.

On 25 April 2005 Guy Neely resigned as a Director. I am grateful for the work he
has done since 1994. He remains as Company secretary.

Mumtaz H Khan
Chairman

16 May 2005

SUMMARISED PROFIT AND Half year ended Half year ended Year ended 31
LOSS ACCOUNT 28 February 29 February August 2004
2005 2004 (Audited)
(Unaudited) (Unaudited) #'000
#'000 #'000

Turnover - - -
---------------------------- --------- --------- ---------
Operating loss (104) (113) (273)
Net interest 9 9 20
---------------------------- --------- --------- ---------
Loss on ordinary activities
before and after taxation (95) (104) (253)
---------------------------- --------- --------- ---------
Loss per share (Note 2) (0.28)p (0.31)p (0.74)p
---------------------------- --------- --------- ---------

BALANCE SHEET As at As at As at
28 February 29 February 31 August
2005 2004 2004 (Audited)
(Unaudited) (Unaudited) #'000
#'000 #'000

Fixed assets - 55 -
---------------------------- --------- --------- ---------
Current assets
Debtors 7 7 11
Cash at bank and in hand 428 624 535
---------------------------- --------- --------- ---------
435 631 546
Creditors: amounts falling
due within one year (32) (40) (48)
---------------------------- --------- --------- ---------
Net current assets 403 591 498
---------------------------- --------- --------- ---------
Total assets less current
liabilities 403 646 498
---------------------------- --------- --------- ---------
Capital and reserves
Called up share capital 340 340 340
Share premium account 524 524 524
Profit and loss account (461) (218) (366)
---------------------------- --------- --------- ---------
403 646 498
---------------------------- --------- --------- ---------

CASH FLOW STATEMENT Half year ended Half year ended Year ended 31
28 February 29 February August 2004
2005 2004 (Audited)
(Unaudited) (Unaudited) #'000
#'000 #'000

Net cash outflow from
operating activities (116) (135) (235)
Interest received 9 9 20
---------------------------- --------- --------- ---------
Decrease in cash (107) (126) (215)
---------------------------- --------- --------- ---------

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 2005 and the six months
ended 29 February 2004 is unaudited and has not been reviewed by the Company's
auditors. The information for the six months ended 29 February 2004 forms part
of the results contained in the statutory accounts for the year ended 31 August
2004. The information for the year ended 31 August 2004 has been extracted from
the statutory accounts which have been delivered to the Registrar of Companies.
A qualified audit report was issued on those accounts 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 #95,000 and on 34,061,783
shares, being the number of ordinary shares in issue during the period (February
2004: #104,000 loss and 34,061,783 shares and August 2004: #253,000 loss on
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 2005 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.

This information is provided by RNS
The company news service from the London Stock Exchange

END
IR XQLFFEEBEBBE


MAISHA PLC

RESIGNATION OF A DIRECTOR

With effect from 25 April 2005, Mr Guy Neely has resigned as a director of Maisha plc. He will remain as Company Secretary for the time being.

26 April 2005