YCO DEUXMIL PLC 

(the "Company" or "Group")

Final results for the year ended 31 December 2007 

YCO Deuxmil Plc (AIM: DML), the super yacht fuelling and services company, today presents its audited accounts for the twelve months ended 31st December 2007 and post period trading update.

Year-end highlights

• Turnover up by 28.9% to £16,633,307 (2006: £12,903,451)

• Gross Profit up by 128% to £1,511,582 (2006: £661,592)

• Profit Before Tax up by 158% to £409,849 (2006: £158,492)

Post period trading update highlights

• YCO S.A.M. ("YCO") acquisition completed

• Fuel sales revenue up 40% with tonnage up 10%

• Sales and charter business up over 100%

• Record levels of super yachts under management and under construction

• 40% increase in YCO crew placements

Laurence Milton, Chairman of the Company, commented:

"Our strategy has always been one of diversification within the super yacht industry and becoming a leading market consolidator. I feel that with the acquisition of YCO we have taken a huge step forward towards achieving this objective. We believe that the Group is now widely regarded as the largest full-service provider to the world's privately owned super yacht fleet and the Group is now perfectly placed to maximise the potential of this quickly expanding marketplace."

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CHAIRMAN'S STATEMENT

Financial Highlights

It gives me great pleasure to present the figures for the year ended 31 December 2007. During the period under review, turnover increased by 28.9% to £16,633,307 (2006: £12,903,451), gross profit rose by 128% to £1,511,582 (2006: £661,592), and profit before tax was up by 158% to £409,849 (2006: £158,492).

Whilst in line with my interim statement, these results for the period are all the more pleasing given they were achieved against the backdrop of a very weak dollar, a significant increase in the worldwide price of oil, and the inherent workload of "bedding in" last year's acquisitions during the busiest time of the year. I am also pleased to report that the number of yachts fuelled during the year rose to 303 (2006: 271). Perhaps most significantly the Group is still debt-free and maintains a positive cash-flow.

Once again, I believe that these results demonstrate the Group's resilience to adverse outside influences, the quality of its various brands, and the skill and dedication of its personnel.

Additionally, I can report that the first quarter of 2008 has been very encouraging and shows a significant improvement over the same period in 2007 as the Group continues to expand its business base.

Post Year Events

Although I would not normally comment in this statement on post year-end events other than a brief mention of trading conditions, one event is so significant to the future of the Group that it needs to be mentioned.

On 27 May 2008 we completed the acquisition of YCO, a super yacht sale, purchase, charter, management, and crew recruitment company based in Monaco. YCO also project manages super yacht builds of which it currently has nine on the go. This acquisition is a large part of our stated strategy of becoming a market consolidator as it uniquely delivers super yacht operations that were previously not contained within the Group, and vice versa.

Given the strength of the YCO branding, the Board additionally took the decision to change the name of our Group to "YCO Deuxmil plc", which now has over 80 employees across 8 European offices. 

Outlook

Over the period under review we have concentrated on integrating our acquisitions in Spain and Gibraltar. A new office was opened in Gibraltar and we have rationalised the management structure and staff complement in Palma making it a much leaner and more efficient operation. Now, with the addition of YCO to the Group, I see the year of 2008 as one of further consolidation and integration of our various businesses so that we may exploit the obvious synergies that exist across the various facets of the Group in order to produce greater shareholder value. 

It is also our intention in 2008 to begin a "roll-out" of Yacht Help Group offices in a select number of locations around the world, each office including a YCO Crew operation within it. We have just started an initial test of the combination of the two businesses within the Yacht Help Group offices in Palma and I am pleased to report that the initial results are very encouraging. I hope to report further progress on the development of this structure in my next interim statement.

Summary

As I have stated in previous statements our strategy has always been one of diversification within the super yacht industry and becoming a leading market consolidator. I feel that with the acquisition of YCO we have taken a huge step forward towards achieving this objective. We believe that the Group is now widely regarded as the largest full-service provider to the world's privately owned super yacht fleet.

Our industry continues to grow with more, bigger, and better super yachts being launched monthly across the world. I feel that the Group is now perfectly placed to maximise the potential of this quickly expanding marketplace.

Laurence J Milton

Executive Chairman

26 June 2008

CEO's REPORT

Trading Update

I would like to take this opportunity to provide my first Group update on trading for the current financial year for the five months to 31st May. 

Yacht Fuel Services (YFS), our core super yacht fuelling division, has had the best start to a year since records began twenty years ago. The high oil price has not deterred our customers and we have continued to grow the business in what has historically been the quietest time of the year. When compared to the first five months of last year, tonnage is up by 10% and fuel sales revenue up 40% due primarily to the high oil prices. As such, the YFS business continues to grow and we maintain our position as the largest supplier of fuel to privately owned super yachts.

Meanwhile, Yacht Help Group (YHG), our super yacht provisioning division, is now beginning to see the benefit of having a second office in Barcelona. In less than a year, we have managed to build an excellent operation in Barcelona that complements YHG's existing presence in Palma. As a result, YHG's turnover for the first five months of this year is up 70% to that of the same period for last year and, more significantly, overheads have been much reduced in its operation.

Furthermore, now that the acquisition of YCO has completed, it is our intention to roll out the YHG operation into three other countries this year so as to provide additional support and services to YCO's "yachts under management" clients as well as to other customers wishing to use the YHG service.

The precedent of cross-fertilising the YCO and YHG operations has already been successful as seen with a YCO Crew team - responsible for super yacht crew recruitment - being successfully established in YHG's offices in Palma. Again, it is our intention to establish YCO Crew teams in all the YHG offices that are in existence as well as the new ones that we plan to open in the future.  

Staying with our existing operations in the Balearics, I can also report that B A Yachts (BAY) has moved its offices into those of YHG's in Palma.  is now responsible for both operations and we are very happy with how this is progressing. BAY plays an important niche role for super yachts because of the tax and duties it is able to recover for yachts that are wintering in Palma whilst minor repair are being undertaken. The combination of YHG and BAY is an exceptionally strong business proposition that has very few competitors in Palma, and we expect the benefits of bringing the two businesses together will bear fruit in the second half of the year.

The significant feature for 2008 will be the impact that YCO can bring to the Company. The 2007 accounts for YCO show an unaudited profit before tax of £1.7m and we are looking in 2008 for a good improvement in this number.

The YCO business is split into five main areas and I can report as follows on them for the first five months of 2008:

• Charter: the number of yachts for which YCO acts as the central agent has risen by 60% and the total revenues generated from charters has more than doubled with a 104% increase when compared to the first five months of 2007.

• New construction: YCO currently has 9 yachts between 40 meters and 135 meters under construction; this is double the amount for the same period last year.

• Yachts under management: this is a very important part of the YCO business model because it delivers monthly recurring revenue. YCO presently has 65% more yachts under management than at the same time last year and has signed eight new management yachts since the beginning of 2008.

• Sales: In the first five months of 2008 YCO surpassed the total sales of 2007 selling six yachts.

• YCO Crew: this is the yacht crew recruitment side of the business and is going from strength to strength. Compared to the same period last year, there has been a 40% increase in the number of crew successfully placed on yachts.

In YCO we have acquired an exceptionally strong and complementary business. We are confident that we can integrate all the companies now in the Group so that they all provide a uniformly high and consistent level of service as the reputation of all of the companies within the Group is based on that of delivering excellence. We aim to provide a world class service each and every time and that is why we believe more and more super yacht owners are now using us. In summary, whilst the YCO acquisition made a significant demand on management's time and took eight months to conclude, I am delighted to say that we have still been able to successfully grow our business throughout this period.

We are all excited by the future and the challenges that are ahead of us. We firmly believe that we can continue to grow the business successfully and are proud of our position as the world's largest service provider to privately owned super yachts.

Neil Miller

CEO 

26 June 2008

YCO Deuxmil Plc (formerly Deuxmil Marine Plc)

Consolidated Income Statement

for the year ended 31 December 2007

Included above are the profit or (loss) of subsidiaries since the date of acquisition: 

YCO Deuxmil Plc (formerly Deuxmil Marine Plc)

Consolidated Statement of Changes in Equity

for the year ended 31 December 2007

Share capital is the amount subscribed for share at nominal value.

Retained profit represents the cumulative profit of the Company attributable to equity shareholders.

Share premium represents the excess of the amount subscribed for share capital over the nominal value of those shares net of share issue expenses. Share issue expenses in the year comprise a proportion of the costs incurred in respect of the initial public offering and issue of new shares on the London Stock Exchange's Alternative Investment Market.

Other reserves represents the deferred share consideration in relation to the acquisition of BA Yachts Assistance S.L.

YCO Deuxmil Plc (formerly Deuxmil Marine Plc)

Consolidated Balance Sheet

31 December 2007