RNS Number:9957C
Investika Ltd
30 August 2007

                                 INVESTIKA LTD

                         ("Investika" or "the Company")

                               Interim Results

30 August 2007



Investika Ltd ('Investika' or the 'Company') the investment company in the
mining finance industry with a focus on pre-production emerging resource
opportunities announces today its interim results for the six months ended 30
June 2007




Directors' Report


The Directors present their report together with the consolidated financial
report for the six months ended 30 June 2007 and the auditor's review report
thereon.

1.         DIRECTORS

The names of the directors of the Company in office during or since the end of
the half-year are:

John A. Landels, AC, (Chairman), Non-Executive Director

Mr. Landels was Chairman and Chief Executive Officer of the Caltex Group of
companies prior to his retirement from that organisation in 1992. He was
appointed a Director and Chairman of the Board on 9 July 1996.

Chrisilios Kyriakou, LLB, Executive Director

Mr. Kyriakou has extensive business interests including commercial properties,
share investments and rural property. Mr Kyriakou was a director of QuikTrak
Networks Ltd until his resignation from that board on 4 August 2005. He was
appointed to the Board on 29 June 1979 and is Chief Executive Officer of the
Company.


Mr. Mark R. Arnesen, CA(SA), Non-executive Director

Mr Arnesen has extensive experience in the structuring and negotiation of
finance for major resource projects. He was employed with the Billiton/Gencor
group of companies between 1988 and 1998 and in 2000 he joined Ashanti
Goldfields Company Limited as part of the then restructuring of the company. Mr
Arnesen is a director of Moto Goldmines Ltd. He was appointed to the Board on 2
November 2006.

Chev. Sydney J.P. Borg, FAICD, Non-executive Director

Mr. Borg is the Principal of PCS Australia Pty Ltd, a systems integration
company facilitating networks in the corporate and government areas; Grand Prior
Australasia of the Order of St John Knights of Malta; President of the
Australian Maltese Chamber of Commerce; Patron of the MRLA; Council member
Catholic Education Office of Parramatta and CEO of Mobile Entertainment Systems,
a distribution company specialising in in-car entertainment systems. Mr Borg was
Chairman of Zylotech Ltd until his resignation from that board on 5 September
2006. He was appointed to the Board on 1 July 1999.

Robert A. Cleary, Non-executive Director

Mr. Cleary was employed for 18 years by the North Ltd/Energy Resources Australia
Ltd group prior to his retirement. His last position with that organisation was
Managing Director of Energy Resources of Australia Ltd from which position he
resigned on 29 January 2004. Mr Cleary is Chairman of Crossland Uranium Mines
Ltd. He was appointed to the Board on 16 March 2005.

Jonathan R. Reynolds B.Com (Hons), CA, F Fin, MAICD, Finance Director

Mr. Reynolds has been the Company's Chief Financial Officer since 2001. Prior to
that he held the position of chief financial officer with a number of other
listed entities and before that was a senior manager with an international firm
of chartered accountants. He is a member of the Institute of Chartered
Accountants in Australia, a fellow of the Financial Services Institute of
Australasia and holds a Bachelor of Commerce (Honours) degree. He was appointed
to the Board on 7 June 2006.


Company Secretary

Mr John B. Maguire, Company Secretary, has held this position and been involved
with the Company for the past 16 years.





2.         CONSOLIDATED RESULTS AND REVIEW OF OPERATIONS

The net loss after tax of the consolidated entity for the six months ended 30
June 2007 was $130,050 (30 June 2006: profit $2,220,659).  Of the comparative
profit, $3,045,125 related to a gain arising on the dilution of the Company's
interest in Belitung Zinc Corporation plc from 100% to 42.5%, following that
company raising #2,866,000, net of costs, from third party investors.





During the period, the consolidated entity:

*         Expended a further US$497,000 (A$635,224) on the Berong nickel project
on the island of Palawan, Philippines and, subsequent to mining operations
commencing, recovered US$2,043,086 (A$2,459,676) of funds previously advanced to
fund project capital requirements.  Shipment of nickel bearing ore commenced in
January 2007 and by June 2007 the project had shipped 384,385 wet metric tons at
an average grade of 1.52% Ni. The majority of the ore was extracted from the
bulk metallurgical sample area.  Increasingly, ore of higher grades will be
extracted from the commercial mining area as mining proceeds.  The ramp-up in
production to the export target for 2007 is continuing although some
difficulties are being experienced with equipment availabilities and production
and shipping is heavily dependent upon weather patterns and rainfall levels,
which are expected to increase over Quarter 3.  Demand for nickel ore softened
in line with the large fall in LME nickel prices towards the end of the June
quarter.  Low grade ore (0.9% to 1.2% Ni) has been impacted the most, with
higher grades (above 1.5% Ni) remaining more robust.  Discussions continue with
BHP Billiton on the long term supply of ore to the Yabulu nickel plant in
Queensland, Australia.

Project activities completed include the coastal stockpile drying pad area and
associated siltation management system, the assay laboratory and the potable
water systems.  Designs and costings were completed for the permanent offices,
accommodation village, crusher and batch plant facilities, workshop facilities,
Dangla Road, Berong airstrip upgrade, and the pedestrian bridge over the Berong
River.  The design of the trestle conveyor and alternative ship loading options
continue.  Permit approvals continue to delay the start of construction of the
Dangla Road, a dedicated haul road without community development along its
route.

The Berong nickel project entered into a Mineral Production Sharing Agreement
(MPSA No.235-2007-IVB) with the Philippine Government covering an area of 288
hectares.  The current Direct Shipping Operation falls under the MPSA and the
associated Special Mines Permit.  The Feasibility Study Report for the life-of-
mine operations is currently being prepared for submission to the Department of
Environment and Natural Resources to enable the "Declaration of Mining
Feasibility" for this MPSA area.  A JORC compliant mineral resource was prepared
by Snowdens Mining Industry Consultants.  The measured, indicated and inferred
resource within the 288 ha MPSA area is estimated at 9.92 million tonnes at an
average grade of 1.55% Ni using a 1% nickel cut-off grade.  Drilling within the
MPSA area is ongoing and is aimed at delineating additional tonnage.

The assessment of processing options to add value to the large lateritic
resources at Berong continued.  SNC Lavalin is undertaking this work, and
samples of the various ore types have been selected and are ready for shipment
to the testing laboratories.  Processing options being considered are high
pressure acid leaching, atmospheric leaching, heap leaching, ferro-nickel
smelting and the Chinese nickel pig iron process.





*         Participated in the formation of China Nickel Corporation, a company
which has the same ownership structure as the Berong nickel project and which
provides marketing support services to that project.


*         Expended a further US$373,000 (A$437,904) on the Las Pascualas copper
project in Chile. SRK Consultants of Santiago, Chile was retained to provide an
independent resource estimate of the Las Pascualas project and the following
information is an extract therefrom, compiled by Mr. Roger Shakesby, a
consulting economic geologist in sole practice who has sufficient experience to
qualify as a Competent Person : "The mineralization comprises an enrichment
blanket of secondary sulphides overlain by oxides. At 0.2% Copper cutoff grade
the resource (including Inferred Resources) is estimated to be:

*               Secondary sulphides  20.974 million tonnes @ 0.68% Copper

*               Green oxides   8.090 million tonnes @ 0.37% Copper

*               Black oxides    0.863 million tonnes @ 0.38% Copper

*               Total    29.927 million tonnes @ 0.58% Copper"

A scoping/pre-feasibility study was completed and a summary of that study was
reported to the market on 28 June 2007. Exploration continued on tenements held
around the Las Pascualas project option area.  At Las Nipas, which is located
five kilometres to the east of Las Pascualas, a programme to locate additional
leachable ore commenced.   Surface geological mapping together with rock chip
geochemistry has revealed porphyry style mineralisation with anomalous copper,
molybdenum and gold over an area of 80 hectares.  A strong NW - SE trending
structure which crosses the zone appears to separate dominant copper and
molybdenum values to the north-east from gold to the south-west.  Further work
is planned with drilling scheduled to be completed following final infill
drilling at Las Pascualas.  Other areas to the south of Las Pascualas, where
strong zones of alteration are present, are under investigation.

*         In respect of the Kelapa Kampit zinc/ lead project in Indonesia, a 10
hole diamond core drilling programme of 3,050 m commenced.  At 30 June 2007,
seven holes had been completed and the remainder, together with assay results,
will be completed and assessed in Q3.

*         In respect of the Morondava uranium project in Madagascar, an airborne
survey of 19,000 line km for the detection of uranium, thorium and potassium
radioactive anomalies on the exploration permits located in the Makay District
commenced and a 3,000 m drilling program on the exploration permits located in
the Folakara District will commence in Q3.

*         Acquired 97,760 shares in Tarquin Resources plc (Tarquin) on and off
market at a cost of $95,471, taking the Company's interest in Tarquin to 33.2%.
Tarquin holds a 51% interest in the Las Pascualas copper project in Chile.

*         Advanced #200,000 (A$481,734) to Tarquin, under a loan facility
agreement, to assist that company meet its working capital requirements.  The
loan bears interest at 8.5% per annum on funds drawn, is secured by a negative
pledge over Tarquin's equity interest in the Las Pascualas copper project and is
repayable by 31 July 2008, either in cash or convertible into shares in Tarquin
at 50p per share, at the Company's option.

*         Acquired 285,000 shares in UMC Energy plc (UMC) on market at a cost of
$225,293 and a further 2,400,000 shares in UMC off market through the allotment
of 500,000 shares in the Company, thereby taking the Company's interest in UMC
to 20.4%. UMC holds an 80% interest in the Morondava uranium project in
Madagascar.

*         Sold 1,800,000 shares in Xtract Energy plc for proceeds of $266,896.



*         Following shareholder approval at the January 2007 general meeting,
granted to directors, employees and consultants 575,000 options over ordinary
shares.  The options have an exercise price of $3.80 per share and expire on 31
December 2012.  An expense of $1,733,914 being the fair value of the options
granted was recognised.

*         Recognised a change in the fair value of equity securities available
for sale, net of tax, of $14,345,953, primarily due to the increase in the value
of the Company's holding in Toledo Mining Corporation plc.





3.         SUBSEQUENT EVENTS

Subsequent to 30 June 2007, the aggregate fair value of the Company's
investments has fallen by $12,778,669 or 42% due to falls in global markets
(refer to note 5 of the notes to the condensed consolidated interim financial
statements).





Other than the matter discussed above, there has not arisen in the interval
between the end of the half-year and the date of this report any item,
transaction or event of a material and unusual nature likely, in the opinion of
the Directors of the Company, to affect significantly the operations of the
consolidated entity, the results of those operations or the state of affairs of
the consolidated entity, in subsequent financial years.

4.         LEAD AUDITOR'S INDEPENDENCE DECLARATION UNDER SECTION 307C OF THE
CORPORATIONS ACT 2001

The lead auditor's independence declaration is set out on page 7 and forms part
of the Directors' Report for the half-year ended 30 June 2007.





Dated at Sydney this 30th day of August 2007 and signed in accordance with a
resolution of the Directors.




J.A. Landels
Director



LEAD AUDITOR'S INDEPENDENCE DECLARATION
UNDER SECTION 307C OF THE CORPORATIONS ACT 2001



To : The Directors of Investika Ltd



I declare that, to the best of my knowledge and belief, in relation to the
review for the half-year ended 30 June 2007, there have been :


a)      no contraventions of the auditor independence requirements as set out in
the Corporations Act 2001 in relation to the review; and


b)      no contraventions of any applicable code of professional conduct in
relation to the review.



KPMG




N Davis
Partner



Sydney

30 August 2007




                            Condensed Consolidated Interim Income Statement
                                 for the six months ended 30 June 2007

                                                    Note                        30 June               30 June
                                                                                   2007                  2006
                                                                                      $                     $

Total revenue from services                                                           -                 8,063
Gain on sale of shares                                                          109,108                35,145
Financial income                                                                 45,941               126,801

Personnel cost                                                              (2,097,252)             (415,552)
Audit fees                                                                     (26,325)              (20,057)
Costs associated with AIM admission                                            (10,001)              (50,232)
Costs associated with placement and rights issue

                                                                                (6,650)              (59,910)
Depreciation and amortisation                                                   (6,087)               (2,067)
Exploration expenditure                                                         (7,844)              (43,217)
Exploration expenditure recovered                                                     -               193,469
Facilities                                                                     (31,625)              (31,625)
Reversal of impairment losses on other receivables

                                                                                 28,723                64,772
Travel expenditure                                                             (20,939)               (7,421)
Other expenses                                                                (129,780)              (84,418)

Result from operating activities                                            (2,152,731)             (286,249)

Gain on dilution of subsidiary                                                        -             3,045,125

Share of net profit / (loss) of associates          4                         2,022,681             (538,217)

(Loss) / profit before tax                                                    (130,050)             2,220,659

Income tax expense                                                                    -                     -

(Loss) / profit for the period attributable to
equity holders of the Company                                                 (130,050)             2,220,659

                                                                                  Cents                 Cents
Basic (loss) / earnings per share                                                 (0.9)                  25.5
Diluted (loss) / earnings per share                                               (0.9)                  25.5

The above Condensed Consolidated Interim Income Statement should be read in conjunction with the
accompanying notes.






                 Condensed Consolidated Interim Statement of Recognised Income and Expense
                                   for the six months ended 30 June 2007

                                                                              30 June               30 June
                                                                                 2007                  2006
                                                                                    $                     $

Change in fair value of equity securities
available for sale, net of tax                                             14,345,953             (899,021)

Net income / (expense) recognised directly in
equity                                                                     14,345,953             (899,021)

(Loss) / profit for the period                                              (130,050)             2,220,659

Total recognised income and expense for the
period attributable to equity holders of the
Company                                                                     14,215,903             1,321,638



The above Condensed Consolidated Interim Statement of Recognised Income and Expense should be read in
conjunction with the accompanying notes.




                               Condensed Consolidated Interim Balance Sheet
                                            as at 30 June 2007

                                                           Note                 30 June         31 December
                                                                                   2007                2006
                                                                                      $                   $
ASSETS

Current Assets

Cash and cash equivalents                                                     2,225,382           2,054,098
Trade and other receivables                                                     294,268              29,978

Total Current Assets                                                          2,519,650           2,084,076

Non-Current Assets

Trade and other receivables                                                   1,326,935             371,296
Investments accounted for using the equity method                            14,975,930           6,298,654
Other investments                                           5                30,223,880          16,076,047
Plant and equipment                                                              13,624              17,762

Total Non-Current Assets                                                     46,540,369          22,763,759


Total Assets                                                                 49,060,019          24,847,835


LIABILITIES


Current Liabilities

Trade and other payables                                                        334,357             211,662
Provisions                                                                        2,235               2,235

Total Current Liabilities                                                       336,592             213,897


Non-current Liabilities

Deferred tax liabilities                                                      6,470,576             330,904

Total Non-current Liabilities                                                 6,470,576             330,904


Total Liabilities                                                             6,807,168             544,801


NET ASSETS                                                                   42,252,851          24,303,034


EQUITY

Issued capital                                              7                21,767,990          19,767,990
Reserves                                                                     17,690,061           1,610,194
Retained earnings                                           8                 2,794,800           2,924,850

TOTAL EQUITY                                                                 42,252,851          24,303,034


The above Condensed Consolidated Interim Balance Sheet should be read in conjunction with the accompanying
notes.




                          Condensed Consolidated Interim Statement of Cash Flows
                                  for the six months ended 30 June 2007



                                                                              30 June              30 June
                                                                                 2007                 2006
                                                                                    $                    $

Cash Flows Used In Operating Activities

Receipts in the course of operations                                            6,223                8,063
Cash payments in the course of operations                                   (618,724)            (482,617)
Cash from operations                                                        (612,501)            (474,554)
Interest received                                                              32,923              126,801

Net cash used in operating activities                                       (579,578)            (347,753)

Cash Flows From / (Used In) Investing Activities

Recovery of loan to other entities                                             22,500               64,772
Purchase of interest in associate                                           (955,988)            (665,246)
Loan to associate                                                           (955,636)                    -
Proceeds from loan facility fee                                               182,260                    -
Recovery of amount invested in associate                                    2,459,676                    -
Purchase of equity investments                                                      -          (4,840,329)
Proceeds from sale of equity investments                                            -               49,215
Payments for purchases of plant and equipment                                 (1,950)             (20,294)

Net cash from / (used in) investing activities                                750,862          (5,411,882)

Cash Flows From Financing Activities


Proceeds from the issue of share capital                                            -           14,796,452

Net cash from financing activities                                                  -           14,796,452


Net increase in cash and cash equivalents                                     171,284            9,036,817



Cash at 1 January                                                           2,054,098            1,151,422



Cash at 30 June                                                             2,225,382           10,188,239



The above Condensed Consolidated Interim Statement of Cash Flows should be read in conjunction with the
accompanying notes.







     
1.   Reporting entity

     Investika Ltd (the "Company") is a company domiciled in Australia.  The condensed consolidated
     interim financial report of the Company as at and for the six months ended 30 June 2007 comprises
     the Company and its subsidiaries (together referred to as the "consolidated entity") and the
     consolidated entity's interests in associates and jointly controlled entities.


     The consolidated annual financial report of the consolidated entity as at and for the year ended 31
     December 2006 is available upon request from the Company's registered office at Suite 107, 109 Pitt
     Street Sydney NSW 2000 or at www.investika.com.


2.   Statement of compliance

     The condensed consolidated interim financial report is a general purpose financial report which has
     been prepared in accordance with AASB 134 Interim Financial Reporting and the Corporations Act 2001.


     The condensed consolidated interim financial report does not include all of the information required
     for a full annual financial report, and should be read in conjunction with the consolidated annual
     financial report of the consolidated entity as at and for the year ended 31 December 2006.


     This condensed consolidated interim financial report was approved by the Board of Directors on 30
     August 2007.


3.   Significant accounting policies

     The accounting policies applied by the consolidated entity in this condensed consolidated financial
     report are the same as those applied by the consolidated entity in its consolidated financial report
     as at and for the year ended 31 December 2006.


  4. Investments in associates

                                                                                  30 June             30 June
                                                                                     2007                2006
     Berong Nickel Corporation                                                      24.8%               24.8%
     Share of associate's net profit for the period                            $2,403,800                  $-
     China Nickel Corporation                                                       24.8%                  -%
     Share of associate's net profit for the period                              $167,811                  $-
     Belitung Zinc Corporation plc                                                  42.5%               42.5%

     Share of associate's net loss for the period                                      $-          $(159,375)

     Gain on dilution of interest from 100% to 42.5%                                   $-          $3,045,125

     Tarquin Resources plc                                                          33.2%               29.9%
     Share of associate's net loss for the period                              $(202,249)          $(378,842)
     Tommy SA                                                                         49%                 49%
     Share of associate's net loss for the period                                      $-                  $-
     UMC Energy plc                                                                 20.4%               11.7%
     Share of associate's net loss for the period                              $(346,681)                  $-
     Metak Ltd                                                                      50.0%               50.0%
     Share of associate's net loss for the period                                      $-                  $-
     Due to factors indicating significant influence during the period Berong Nickel Corporation has been
     accounted for as an associate as at 30 June 2007 (31 December 2006: Other investment).

     Due to a change in ownership percentage during the period UMC Energy plc has been accounted for as an
     associate as at 30 June 2007  (31 December 2006: Other investment).




 5. Other investments

                                                                             30 June 31 December 2006
                                                                                2007
                                                                                   $                $
    Other investments comprise equity holdings in the
    following entities:
    Toledo Mining Corporation plc                                         29,518,795        9,278,062

    Berong Nickel Corporation                                                      -        4,458,481

    UMC Energy plc                                                                 -        1,699,801

    Other                                                                    705,085          639,703
                                                                          30,223,880       16,076,047
    As at 30 August 2007, the value of the other investments is $17,445,211 but in the opinion of the
    directors the change does not represent a permanent diminution in value.


 6. Commitments and contingent liabilities

    Under the three year option arrangement entered into in respect of the Las Pascualas project, the
    Company is responsible for its 49% share of the option fees which are payable in November 2007 and
    November 2008, being respectively US$1,000,000 and US$5,200,000.  Accordingly, the Company's share of
    the option fees payable in November 2007 is $580,000 and in November 2008 is $3 million.
    An infill drilling programme has commenced at the Las Pascualas project, the estimated cost of which is
    US$1,873,000.  Accordingly, the Company's 49% share of the cost of this program is $1,086,340.
    The Company has provided a #1.5 million loan facility to Tarquin Resources plc.  The loan bears
    interest at 8.5% per annum on funds drawn, is secured by a negative pledge over Tarquin's equity
    interest in the Las Pascualas copper project and is repayable by 31 July 2008, either in cash or
    convertible into shares in Tarquin at 50p per share, at the Company's option.  The facility bears a
    facility fee of #75,000.  During the period, #200,000 (A$481,734) has been drawn by Tarquin.


    The Company and the consolidated entity have no commitments under non-cancellable leases.


    The Company and the consolidated entity have no contingent liabilities.


   7. Issued capital

                                                                           30 June         31 December
                                                                              2007                2006
                                                                                 $                   $
                  Issued and paid up capital
                  14,034,709 (31 December 2006 :
      13,534,709) ordinary shares, fully paid                           21,767,990          19,767,990


      Reconciliation of issued capital
                                                                           30 June             30 June
                                                                              2007                2007
                                                                            Number                   $
                  Balance at beginning of half-year                     13,534,709          19,767,990

                  To acquire shares in UMC Energy plc                      500,000           2,000,000
      Balance at 30 June                                                14,034,709          21,767,990




    8. Retained earnings

                                                                              30 June         31 December
                                                                                 2007                2006
                                                                                    $                   $
       Opening balance of retained earnings                                 2,924,850           2,575,802

       (Loss) / profit for the period                                       (130,050)             349,048

       Closing balance of retained earnings                                 2,794,800           2,924,850


     9. Options

                                                                                             30 June 2007
                                                                                                   Number
                    31 December 2012 $3.80 options over
                    ordinary shares
                    Opening balance - 1 January                                                         -

                    Granted during the period                                                     575,000

                    Closing balance - 30 June                                                     575,000


        The Company's Participants Option Plan No 2 approved at the January 2007 general meeting allows directors,
        employees and consultants to acquire shares in the Company.  During the half-year ended 30 June 2007, 575,000
        options were granted under the Plan No 2.


    10. Segment information

                                                            Investment            Mining          Total
                                                              Services
                                                                     $                 $              $
        2007
        Segment revenue                                              -                 -              -
        Segment result                                     (2,693,817)         2,563,767      (130,050)

        2006
        Segment revenue                                          8,063                 -          8,063
        Segment result                                       2,070,407           150,252      2,220,659

11.     Notes to the Condensed Consolidated Interim Statement of Cash Flows

        Non-cash financing and investing activities

        During the period, the Company issued 500,000 shares with a fair value of $2,000,000 to acquire further
        shares in UMC Energy plc.


12.     Subsequent events

        Subsequent to 30 June 2007, the aggregate fair value of the Company's investments has fallen by $12,778,669
        or 42% due to falls in global markets (refer note 5).


        Other than the matter discussed above, there has not arisen in the interval between the end of the half-year
        and the date of this report any item, transaction or event of a material and unusual nature likely, in the
        opinion of the Directors of the Company, to affect significantly the operations of the consolidated entity,
        the results of those operations or the state of affairs of the consolidated entity, in subsequent financial
        years.



                                       Investika Ltd and its Controlled Entities

                                                Directors' Declaration

In the opinion of the Directors of Investika Ltd:

      (a)   the financial statements as set out on pages 8 to 14 are in accordance with the Corporations Act 2001,
            including:

            (i)    giving a true and fair view of the financial position of the consolidated entity as at 30 June 2007  
                   and of its performance for the half-year ended on that date; and

           (ii)    complying with Australian Accounting Standard AASB134 Interim Financial Reporting and the            
                   Corporations Regulations 2001; and

      (b)   there are reasonable grounds to believe that the consolidated entity will be able to pay its debts as and
            when they become due and payable.


This declaration is made in accordance with a resolution of the directors.


J.A. Landels
Director


Sydney
30 August 2007





Independent auditor's review report to the members of Investika Limited


Report on the financial report

We have reviewed the accompanying interim financial report of Investika Ltd, which comprises the consolidated interim
condensed balance sheet as at 30 June 2007, condensed income statement, statement of recognised income and expense and
cash flow statement for the interim period ended on that date, a statement of accounting policies and other explanatory
notes 1 to 12 and the directors' declaration of the consolidated entity comprising the company and the entities it
controlled at the half-year's end or from time to time during the interim period.
Directors' responsibility for the financial report

The directors of the company are responsible for the preparation and fair presentation of the interim financial report
in accordance with Australian Accounting Standard AASB 134 Interim Financial Reporting and the Corporations Act 2001.
This responsibility includes designing, implementing and maintaining internal control relevant to the preparation and
fair presentation of the interim financial report that is free from material misstatement, whether due to fraud or
error; selecting and applying appropriate accounting policies; and making accounting estimates that are reasonable in
the circumstances.
Auditor's responsibility

Our responsibility is to express a conclusion on the interim financial report based on our review. We conducted our
review in accordance with Auditing Standard on Review Engagements ASRE 2410 Review of an Interim Financial Report
Performed by the Independent Auditor of the Entity, in order to state whether, on the basis of the procedures described,
we have become aware of any matter that makes us believe that the interim financial report is not in accordance with the
Corporations Act 2001 including: giving a true and fair view of the consolidated entity's financial position as at 30
June 2007 and its performance for the interim period ended on that date; and complying with Australian Accounting
Standard AASB 134 Interim Financial Reporting and the Corporations Regulations 2001. As auditor of Investika Ltd, ASRE
2410 requires that we comply with the ethical requirements relevant to the audit of the annual financial report.
A review of an interim financial report consists of making enquiries, primarily of persons responsible for financial and
accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an
audit conducted in accordance with Australian Auditing Standards and consequently does not enable us to obtain assurance
that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not
express an audit opinion.
Conclusion

Based on our review, which is not an audit, we have not become aware of any matter that makes us believe that the
interim financial report of Investika Ltd is not in accordance with the Corporations Act 2001, including:
                i.      giving a true and fair view of the consolidated entity's financial position as at 30 June 2007
and of its performance for the interim period ended on that date; and
              ii.      complying with Australian Accounting Standard AASB 134 Interim Financial Reporting and the
Corporations Regulations 2001.

KPMG

Nicola Davis
Partner
Sydney





Enquiries to:



Chrisilios Kyriakou, Chief Executive Officer
Investika Ltd
Telephone: 020 7514 1480



James Joyce
WH Ireland Limited
Telephone: 020 7220 1666




                      This information is provided by RNS
            The company news service from the London Stock Exchange
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