1.         GENERAL INFORMATION

This financial information is for Trafalgar Property Group Plc ("the Company") and its subsidiary undertakings. The Company is incorporated in England and Wales.

2.         BASIS OF PREPARATION

The interim consolidated financial information has been prepared with regard to International Financial Reporting Standards (IFRS) as adopted for use in the United Kingdom (UK IFRS) and those parts of the Companies Act 2006 that are relevant to companies, which report in accordance with IFRS. The interim financial information incorporates the results for the Group for the six month period from 1 April 2025 to 30 September 2025. The results for the year ended 31 March 2025 have been extracted from the statutory financial statements for the Group for the year ended 31 March 2025. The financial information set out in these interim consolidated financial information does not constitute statutory accounts as defined in S434 of the Companies Act 2006. They do not include all of the information required for full annual financial statements and should be read in conjunction with the consolidated financial statements of the Group for the year ended 31 March 2025, which contained an unqualified audit report and have been filed with the Registrar of Companies. They did not contain statements under S498 of the Companies Act 2006.

The same accounting policies, presentation and methods of computation have been followed in these unaudited interim financial statements as those which were applied in the preparation of the group's annual financial statements for the year ended 31 March 2025.

The interim consolidated financial information incorporates the financial statements of Trafalgar Property Group Plc and its subsidiaries.

The interim financial information for the six months ended 30 September 2025 was approved by the Directors on 15 December 2025.

3.         SEGMENTAL REPORTING

For the purpose of IFRS 8, the chief operating decision maker ("CODM") takes the form of the Board of Directors. The Directors' opinion of the business of the Group is that the principal activity of the Group was residential property development and there is considered to be one reportable geographical segment, that of property development carried on in the UK. The internal and external reporting is on a consolidated basis with transactions between Group companies eliminated on consolidation. Therefore, the financial information of the single segment is the same as that set out in the consolidated statement of comprehensive income, the consolidated statement of changes in equity, the consolidated statement of financial position and cash-flows.

4.         MISCELLANEOUS INCOME

The write off of £Nil (2024: £118,000) relates to part of the amount received from Ecap Esports Ltd used in the period to cover direct costs associated with the proposed reverse takeover as stated in Note 20 of the year end accounts to 31 March 2025. The balance remaining at 30 September 2025 was £23,965.

5.         TAXATION

No tax provision has been made on account of brought forward losses.

6.         LOSS PER ORDINARY SHARE

                        The calculation of loss per ordinary share is based on the following (losses) and number of shares:

7.         INVESTMENT PROPERTIES

New investment properties acquired from Trafalgar Director, Paul Elliott (the "Vendor"), with a 10% equity interest in Hilton House, a commercial property located in central Stockport, Manchester, for a purchase price of £350,000.

8.         SHARE CAPITAL

For the purposes of preparing the consolidated interims for the Group, share capital represents the nominal value of the issued share capital of 0.01p per share (2024:0.1p per share).  Share premium represents the excess over nominal value of the fair value consideration received for equity shares net of expenses plus deferred shares of 0.9p after issued share capital of 0.01p

New shares issued in the period included part of the consideration for the 10% interest in Hilton House through the issue of 366,666,667 ordinary shares at £0.0003 amounting to £110,000 the investment by Wager Holdings Limited ("Wager") who invested £50,000 by way of direct subscription (the "Subscription") of 500,000,000 new ordinary shares of £0.0001 each in the capital of the Company (the "Subscription Shares

2024 CLN Issue

On 7 November 2024, C C Johnson issued a conversion notice to the Company in relation to the entirety of the £99,550 unsecured convertible loan notes held by him in the Company (the "2024 CLN"). As a result, and as per the original terms of the 2024 CLN, the Company has issued to C C Johnson 226,250,000 new Ordinary Shares at £0.00044 per ordinary share.

Deferred Shares

On 04 November 2024, the company undertook a sub-division of ordinary shares which subdivided the 653,102,371 0.1p ordinary shares into 653,102,371 0.01p and a new 653,102,371 deferred shares 0.09p each. The 0.09p deferred shares of 0.09p each were then consolidated into deferred shares of 0.9p each ranking pari passu as one class with the existing deferred shares of 0.9p each. At the same time 9 deferred shares were held in treasury.

Deferred shares do not entitle the holder to receive notice of and to attend or vote at any general meeting of the Company or to receive dividends or other distributions. Upon winding up or dissolution of the Company the holders of deferred shares shall be entitled to receive an amount equal to the nominal amount paid up thereon, but only after holders of ordinary shares have received £100,000 per ordinary share. Holders of deferred shares are not entitled to any further rights of participation in the assets of the Company.  The Company has the right to purchase the deferred shares in issue at any time for no consideration.

9.         SHARE WARRANTS

There were no Share warrants as at the period end.

10.        CAPITAL CONTRIBUTION RESERVE

The capital contribution reserve of £400,147 related to the renegotiation of interest accruing on loans to Mr G Howard - a related party in the year to 31 March 2025.  Interest has reduced from 10% pa to 5% pa for the entire term of the loans and is now non compound.  However, interest has been paid on one loan of £100,000 at the rate of 10% pa and this has not been affected and continues to be paid monthly.

11.        SUBSEQUENT EVENTS

On 16 October 2025, further to the Company's announcement on 16 July 2025, regarding the proposed issue to Wager Holdings Limited ("Wager") of up to 150,000 unsecured, interest-free £1 convertible loan notes (the "Wager CLN") to fund working capital, Trafalgar announced that it had drawn down 100,000 Wager CLNs for gross proceeds of £100,000.

The drawdown had been made on the terms described in the 16 July 2025 announcement, including (among other things): (i) maturity on or before 31 December 2025; (ii) interest-free and unsecured; (iii) convertible at £0.0001 per Ordinary Share; and (iv) transferable and unquoted. Any conversion remains subject to the restriction that, immediately following conversion, Wager (together with persons acting in concert, as defined in the Takeover Code) shall not hold 29.9% or more of the Company's voting rights, subject to limited exceptions.

Use of proceeds

The proceeds were applied primarily to the Group's working capital requirements.

Facility headroom

Following this drawdown, £50,000 of the £150,000 Wager CLN facility remains available to be drawn.

Admission and total voting rights

No new Ordinary Shares were issued in connection with this drawdown. The Company's issued share capital was therefore unchanged. A further announcement will be made in due course should any CLNs be converted into new Ordinary Shares.

As Wager Limited is a substantial shareholder in the Company, the issue of the CLN constitutes a related party transaction under Rule 13 of the AIM Rules for Companies. The Directors of Trafalgar, all of whom are independent in respect of the related party transaction, having consulted with SPARK, the Company's Nominated Adviser, consider that the issuance and terms of CLN are fair and reasonable insofar as the Company's Shareholders are concerned.