Date:                            5th June 2008

On behalf of:                B. P. Marsh & Partners Plc ("B. P. Marsh" or "the Group")

Embargoed until:          0700hrs

B. P. Marsh & Partners Plc

Final Results

B. P. Marsh & Partners Plc (AIM: BPM), a niche venture capital provider to early stage financial services businesses, announces its audited Group final results for the year to 31st January 2008.

Chairman's Statement

I am pleased to present the final audited results for B. P. Marsh & Partners Plc (the "Group"or B.P. Marsh) and its consolidated statements for the year ended 31st January 2008.

Overview

During the financial year ended 31st January 2008, the Group made the following investments:

• The Group acquired a 25% shareholding in JMD Specialist Insurance Services Group Limited ("JMD") for £0.6m and agreed to provide a further £0.25m in loans to develop the business further. JMD is an accelerated premium collection service based in the City of London and provides a unique approach to the acceleration of insurance cash flow as well as effective balance sheet management;

• The Group acquired a 22.5% shareholding in LEBC Holdings Limited ("LEBC") for a consideration of £2.07m. LEBC is an Independent Financial Advisor established in 2000 with 11 branches around the UK and 56 advisors which provides services to individuals, corporates and partnerships, principally in employee benefits, investment and life product areas;

• The Group participated in an additional £5.5m rights issue for Hyperion Insurance Group Limited to further develop the business, contributing its pro-rata share at £1.55m;

• The Group lent Summa Insurance Brokerage S.L. ("Summa"), a Madrid based consolidator of regional brokerages in Spain, a further €1.6m, part of an agreed €2m loan facility, to fund acquisitions of regional brokers. In addition, the Group agreed to invest a further €4m alongside €4m from a well respected private Spanish investor to facilitate the next stage of Summa's expansion. The Group's €4m of equity is expected to be invested in three tranches, with the first tranche invested just before the year end. B.P. Marsh also converted €1m of loans currently outstanding. As a result of this new investment, B.P. Marsh has increased its stake from 35% to 48.625%

Financial Performance

At 31st January 2008, the net asset value of the Group was £45.6m (2007: £40.6m) including a provision for deferred tax. This equates to an increase in net asset value of 12.3% (2007: 13.2%).

The Directors are satisfied that the Group delivered an annual compound growth rate of 15.2% in Group net asset value after running costs, realisations, losses, distributions and deferred tax since 1990.

Based upon the above figures, the Group's net asset value per share as at 31st January 2008 was 156p (2007: 139p).

The consolidated profit on ordinary activities after tax for the year was £4.8m (2007: £4.5m).

Post year-end investments

The Group has made two investments post the year-end as follows:

• The Group acquired a 35% shareholding in Amberglobe Limited ("Amberglobe") for £0.07m and has agreed to provide a further £0.25m in loans to further develop the business. Amberglobe is a business that acts as an agent for the sellers of SME businesses in the sub £3m price bracket, such as childcare centres, care homes, corner shops, restaurants, pubs and post offices;

• The Group acquired a 25% shareholding in Trillium Partners Limited ("Trillium") for an initial consideration of £0.5m and has agreed to provide a further £0.75m in loans to further develop the business. Trillium is an independent financial advisory firm serving the European Media and Information sector. Founded in 2004, Trillium has advised corporations, private equity firms and high net worth individuals in relation to a broad range of assignments including acquisitions, disposals, mergers and fund raisings.

Post year-end realisations

The Group exited its investment in Principal Investment Holdings following its acquisition by the Sanlam Group for £7.25m and also received a preferred dividend entitlement of £0.17m. The consideration for the Group's investment consisted of an immediate cash payment on completion in March 2008 of £5.8m, representing 80% of the total anticipated capital consideration. The remainder (£1.45m) will be paid on the second anniversary of the sale subject to the performance of the FTSE 100. This was the Group's first disposal since its flotation on AIM and I believe the price offers an excellent return for our investors, especially considering the recent turbulence in the financial markets. The valuation as at 31st January 2008 reflects the market position at that time, although over the course of the two year performance period we have no reason to suspect that the full £7.25m will not be attained, subject of course to the performance of the FTSE index.

Post year-end events

In March 2008, the Group welcomed 3i as an investment partner in Hyperion Insurance Group. 3i has made a £50m commitment to Hyperion which we welcome as a major step forward in Hyperion's continued growth and development. As a result of this transaction, the Group's shareholding decreased from 27.89% to approx. 20% and Hyperion repaid the £2.35m loan outstanding to the Group in full.

Business Strategy

The Group typically invests amounts of up to £2.5m and only takes minority equity positions, normally acquiring between 15% and 40% of an investee company's total equity. The Group requires its investee companies to adopt certain minority shareholder protections and appoints a Director to the relevant board. The Group's successful track record is based upon a number of factors that include, amongst other things, a robust investment process, the management's considerable experience of the financial services sector, and a flexible approach towards exit-strategies.

The Group currently has committed to provide a further £3.7m of funding for its existing investments. After taking this into consideration, the Group currently has approx. £5.0m of cash available for further investments.

People

In November 2007, Mr Robert King who as Group Company Secretary has overseen the development of the Group's compliance and legal function following flotation, joined the Board as an Executive Director. We warmly welcomed him, and I thank all the Directors and staff for their unstinting contributions towards the progress of the Group. In March 2007 we said farewell to Stephen Crowther, who had served as a Director since 1998, and with whom we will, in his continuing capacity as a Director of one of our investee companies, no doubt maintain a mutually helpful relationship.

Outlook

These are difficult times for any company investing in financial services businesses. However, having reviewed our area of focus, we remain positive about the field in which we operate. As will be seen, our investment portfolio has so far managed to escape being adversely affected by the US sub-prime market, the credit crunch or the consequential downturn in the UK and US economies in particular.

The Directors consider that the Group remains unique in its investment sector and we continue to see a large number of investment opportunities with good management and business plans. The Board is confident about the future prospects for the Group.

Brian Marsh OBE

4th June 2008

Investments

As at 31st January 2008 the Group's equity interests were as follows:

Berkeley (Insurance) Holdings Limited

(www.berkeleyinsurance.com)

In July 2002 the Group invested in Berkeley (Insurance) Holdings, a company that provides its clients with independent advice on the most suitable choice of insurance broker in specialist as well as mainstream insurance areas.

Date of investment: July 2002

Equity stake: 19.9%

31st January 2008 valuation: £nil

Besso Holdings Limited

(www.besso.co.uk)

In February 1995 the Group assisted a specialist team departing from insurance broker Jardine Lloyd Thompson Group in establishing Besso Holdings. The company specialises in insurance broking for the North American wholesale market.

Date of investment: February 1995

Equity stake: 23.55%

31st January 2008 valuation: £8,236,000

HQB Partners Limited

(www.hqbpartners.com )

In January 2005 the Group made an investment in HQB Partners, a company which provides strategic transaction advice, proxy solicitation services, voting analysis and investor relations services.

Date of investment: January 2005

Equity stake: 27.72%

31st January 2008 valuation: £189,000

Hyperion Insurance Group Limited

(www.hyperiongrp.com)

The Group first invested in Hyperion Insurance Group in 1994. The Hyperion Insurance Group owns, amongst other things, an insurance broker specialising in directors' and officers' ("D&O") and professional indemnity ("PI") insurance. A subsidiary of Hyperion became a registered Lloyd's insurance broker. In 1998 Hyperion set up an insurance managing general agency specialising in developing D&O and PI business in Europe.

Date of investment: November 1994

Equity: 27.89%

31st January 2008 valuation: £20,447,000

JMD Specialist Insurance Services Group Limited

(www.jmd-sis.com)

 In March 2007 the Group invested in JMD, a provider of leading-edge services to the insurance industry. Their unique approach to measurable cash flow and profit enhancements adds value to Lloyd's syndicates, UK and international insurers and re-insurers.

Date of investment: March 2007

Equity stake: 25.0%

31 January 2008 valuation: £650,000

LEBC Holdings Limited

(www.lebc-group.com)

In April 2007 the Group invested in LEBC, an Independent Financial Advisory company providing services to individuals, corporates and partnerships, principally in employee benefits, investment and life product areas.

Date of investment: April 2007

Equity stake: 22.5%

31 January 2008 valuation: £2,266,000

Paterson Martin Limited

(www.patersonmartin.com)

Paterson Martin was founded by a group of professionals from the actuarial, capital markets and reinsurance advisory sectors in conjunction with the Group. The company uses sophisticated modeling techniques to assess risk, with a view to providing counter-party risk transaction advice.

Date of investment: April 2004

Equity stake: 22.5%

31st January 2008 valuation: £113,000

Portfolio Design Group International Limited

(www.surrendalink.co.uk)

In March 1994 the Group invested in the Portfolio Design Group, a company which sells with-profits life endowment policies to large financial institutions. In 2002 the company diversified into investment management.

Date of investment: March 1994

Equity stake: 20.0%

31st January 2008 valuation: £8,050,000

Principal Investment Holdings Limited