For immediate release
6th December 2005

Interim results show continued growth and development of overseas markets

International Greetings plc ("International Greetings" or "the Group"), the leading designer and manufacturer of private label greetings products, wrapping paper, Christmas crackers and film and television character based licensed stationery, announces interim results for the six months to 30 September 2005.  Highlights include:

• Group turnover grew 36% to £83.8 milliion (2004 : £61.8 million)
• Adjusted* profit before taxation increased by 6% to £6.7 million (2004 : £6.3 million)
• Basic earnings per share for the period were 9.6p (2004 : 10.1p), whilst adjusted* earnings per share increased from 10.5p to 10.9p
• US division performed strongly with sales growing 40% to $23.7 million (2004 : $16.9 million)
• Penetration into Europe continues with further growth expected
• Anker International, a design, import and distribution business acquired for £35.5 million in May contributed a turnover of £16.9 million and profit before tax of £1.8 million and continues to perform in line with expectations
• 14% increase in interim dividend to 2p a share (2004 : 1.75p) proposed reflecting the Board's continued confidence
• £2.1 million exceptional profit from the recent £19 million sale and leaseback of Anker's head office and warehouse, which will be reflected in the full year's results

• Stationery ranges launched for Little Britain and Disney's Christmas film, The Chronicles of Narnia: The Lion, The Witch and The Wardrobe

* figure excludes amortisation of goodwill of £520,000 (6 months to 30th September 2004 : £182,000, 12 months  to 31st March 2005 : £443,000) and exceptional item of £121,000 (6 months to 30 th September 2004 : £nil, 12 months to 31st March 2005 : £738,000) and the tax relief thereof.

Commenting on the results, Nick Fisher, Joint CEO of International Greetings said:

"Although we are now operating in a very challenging retail environment, consumers continue to demand our products and our market sector and business model remain robust.  We are highly focused on the development of our international markets, as evidenced by the 40% growth in our US division this period and are confident of the full year's outcome."

ENDS

For further information, please contact: