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29 June 2010

The directors of Mowbray Collectables have pleasure in announcing an improved result following audit, of a loss of $166,000 for the year ended 31 March 2010.  This is an improvement of $63,000 on the unaudited loss of $229,000 announced on 31 May 2010.  This year’s result compares to a loss for the year ended 31 March 2009 of $238,000.

Directors confirm that a fully imputed dividend of 1.5¢ per share will be paid on 12 August 2010.

The directors announce the sale of Mowbrays Australia with effect from 1 July 2010. The business has been sold to Danny Jurd, Mowbrays Australia Manager who has been with the company for 13 years and has over 30 years of philatelic experience.  The new business has a license to continue using the Mowbray name for the first 12 months.  A satisfactory price has been achieved for all of the assets involved.  Mowbray Collectables Group has protected its right to trade in the Australian market.

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