Operating profit before goodwill amortisation and share based payment charge of £1.8m

Adjusted earnings per share of 3.5p

Acquired Redhill Analysts Limited (“Redhill”), completed on 31st December 2006 for a total consideration of up to £10.3m

Established a unique market position as one of the largest players and the only consolidator

Awarded Specialist Contractor of the Year (Asbestos Removal) at Construction News Awards (May 2007)

Appointment of Chris Sims as Finance Director

Danny Spicer, Chief Executive, commented: “We have a first class team and a clear and focussed strategy. During the period, Silverdell has made significant progress in all areas of its strategy including the Redhill acquisition. We remain committed to continuing to deliver on the milestones set out during our IPO, and we look forward to the future with confidence.”

For further information, please contact: Chris Sims, FD, Silverdell 020 7004 2744 Jonathon Brill, Billy Clegg, Financial Dynamics 020 7831 3113 Chairman’s Statement I am pleased to report our first full six month results as a listed company. For the half year ended 31 March 2007 we generated an operating profit before goodwill amortisation and share based payment charge of £1,836,000 (2006: £nil) and of £1,151,000 after goodwill amortisation and share based payment charge (2006: £nil) on turnover of £15,580,000 (2006: £nil). With 35.72m shares in issue this produces basic earnings per share of 0.8p (2006: 0.0p). Adjusted earnings per share (as defined in note 5) were 3.5p (2006: 0.0p). The comparative period covers the one week period from the date of incorporation 24 March 2006 to 31 March 2006 as Bow Lane Capital PLC.

During the period under review we acquired Redhill Analysts Limited (“Redhill”), a long established and well respected asbestos and environmental consultancy business. This acquisition completed on 31 December 2006 for an initial consideration of £8.8m (including costs of £0.5m), plus a maximum deferred contingent consideration of £1.5m. Its business has the benefit of a broad service offering with revenue from the cyclical surveying work being approximately equal to that generated by site supervision and air monitoring.

Our aim in making acquisitions is to combine businesses that will provide our customers with the most efficient and wide range of services and to eventually become a “one stop shop” for all their asbestos requirements.

Both Redhill and Silverdell (UK) Ltd, the business acquired in July 2006, have performed very well during this period under review and the management and staff of both businesses should be congratulated on coping with the increased workload whilst adapting their businesses to life as a part of a quoted company.

The asbestos marketplace continues to provide plenty of work and it is clear that with regulation creating even greater awareness of the problems caused by asbestos, the business has a lot more potential to grow during the coming years. The significant investment made in staff training and health and safety enables the group to remain at the forefront of our industry, a fact recognised by the award of Specialist Contractor of the Year (Asbestos Removal) at last month’s Construction News award ceremony.

It is clear that with our experienced and hard working team we expect to see our company grow both organically and by appropriate acquisitions. We look forward to delivering our shareholders a good result for the coming six months and beyond.