MULTI GROUP - a new beginning

For me the most important 5 points are:

1.On this basis at 30 September 2006 the Group had net assets of #385k. Without
the impact of FRS 25 the net asset position of the Group would have been some
#3.3 million higher.

2.On 12 December agreement was reached with the vendors of TLP regarding their
entitlement to receive additional consideration based upon the performance of
that business during the 12 months to April 2006. The Company has agreed to pay
them additional consideration of #650,000 to be satisfied in full by the issue
to them of 65 million new ordinary shares in Multi of 0.1p each at an issue
price of 1p per share.

3.At the same time agreement was reached for Multi to acquire the remaining 10% of
the equity of that company held by them for an aggregate consideration of
#50,000 to be satisfied in full by the issue to them of a further 5 million new
ordinary shares in Multi of 0.1p each at an issue price of 1p per share.

4.On 19 December 2006, after the balance sheet date, the Company raised an
additional #250,000 of working capital through a placing of 50 million new
ordinary shares of 0.1p each with Southwind Ltd at an issue price of 0.5p per
share.

5.The future
Having now resolved the principal issues that resulted from the acquisition of
Global Medics, the directors' focus is on improving the performance of the
Group's remaining businesses, on reducing the central cost base and on building
critical mass through further acquisitions which will enable the Group to return
to profitability as soon as possible.



Here's to a better 2007.