Interim Results

ASOS PLC
29 November 2005



FOR RELEASE
7.00 am
Tuesday 29th November 2005

                                    ASOS plc
                              ('ASOS' or 'Group')
                 ('A leading internet based fashion retailer')


          INTERIM RESULTS FOR THE SIX MONTHS ENDED 30th SEPTEMBER 2005

Highlights

*    Group sales +78% to £8.3m

*    ASOS.com sales +86% to £8.1m

*    Group loss before tax and amortisation of goodwill of £6,000 after
     £251,000 of one-off costs associated with warehouse move 
     (2004: £240,000 profit)

*    Group loss before tax £120,000 after one-off costs associated with
     warehouse move (2004 £126,000 profit)

*    Significant investment in resource and capacity

*    725,000 registered users as at 27th November 2005

*    ASOS.com sales +58% for 8 weeks to 27th November 2005


Chief Executive's Statement

I am pleased to report an increase in Group sales of 78% for the period to
£8.3m. Sales for ASOS.com, the Group's main trading subsidiary, were up 86% to
£8.1m.

In-line with internal forecasts and following significant investment in resource
and capacity, the group made a loss (before amortisation of goodwill and tax) of
£6,000 versus a profit of £240,000 for the same period last year. The loss
before tax was £120,000 against a profit of £126,000 for the same period last
year. Basic loss per share was 0.17p (2004: earnings per share 0.18p). The
figures above are after £251,000 of one-off costs associated with the warehouse
move.

Capital expenditure within the period was £686,000 with a further £400,000
budgeted for the second half of the year.

The Market
According to the IMRG - 22 million British Shoppers will spend 5 billion online
this Christmas, an average of £208 each and generating 130 million internet
shopping deliveries.

Outlook
We have invested in our management and logistical teams, doubled the size of our
buying and merchandising team and bought ourselves sufficient logistical
capacity to support continued high levels of growth.

Last year we added four new departments: jewellery, footwear, beauty and
accessories. This year, we have again responded to the needs of our customers
and put a team together that can deliver 800 hot new fashion lines a month,
double our average for the last 12 months.

ASOS is still very popular amongst its core target market and in October 2005 we
were again the second most visited Clothing and Apparel site behind Next,
attracting over 1.1 million unique visitors. In November 2005 we expect this to
rise to 1.4m unique visitors, a 46% increase year on year. As at the 28th
November, we had 725,000 registered users.

I remain optimistic about the prospects for the business. The strategy of
delivering 800 new lines per month will be supported by strengthening our
supplier terms and improving our gross margin. We will use the relatively
quieter 4th quarter of the financial year ending 31st March 2006 to introduce
technology efficiencies into our logistical operation.

Nick Robertson
Chief Executive Officer
29th November 2005



ASOS plc                                               Tel: [phone]
Nick Robertson, Chief Executive 
Jon Kamaluddin, Finance Director

Beattie Financial                                      Tel: [phone]
Brian Coleman-Smith / Nia Thomas / Grace Dewhurst

Seymour Pierce                                         Tel: [phone]
Mark Percy / Nichola Marrin

ASOS plc is an Internet Retail and Marketing Services Group, established in June
2000 and admitted to AIM in October 2001. Its principle business is ASOS.com, a
leading online fashion and beauty retailer. Aimed primarily at an Internet savvy
18-34 year olds, ASOS has over 725,000 registered users at 27th November 2005
and offers over 1500 lines across womenswear, menswear, jewellery, beauty,
accessories and footwear.



Unaudited Consolidated Profit and Loss Account for the Six Months Ended 30
September 2005

£'000s                         Unaudited 6        Unaudited 6        Audited 12
                                 Months to          Months to         Months to
                              30 September       30 September          31 March
                                      2005               2004              2005

Turnover                            8,345              4,695            13,518
Cost of Sales                      (4,333)            (2,292)           (6,928)
                                 ----------         ----------        ----------
Gross Profit                        4,012              2,404             6,590

Administrative Expenses            (4,053)            (2,179)           (5,522)
                                 ----------         ----------        ----------
Operating Profit before
Amortisation of Goodwill              (41)               224             1,068

Amortisation of Goodwill             (114)              (114)             (228)
                                 ----------         ----------        ----------
Operating Profit/(Loss)              (155)               110               840

Net Interest receivable                35                 15                39
                                 ----------         ----------        ----------
Profit/(Loss) before Taxation        (120)               126               878

Taxation                                -                  -                 -
                                 ----------         ----------        ----------
Profit/(Loss) after Taxation         (120)               126               878
                                 ----------         ----------        ----------

Basic Earnings/(Loss) per share     (0.17p)             0.18p              1.3p
Fully Diluted Earnings/
(Loss) per share                    (0.16p)             0.17p              1.2p





Unaudited Consolidated Balance Sheet as at 30 September 2005

£'000s                   Unaudited as at    Unaudited as at      Audited as at
                            30 September       30 September           31 March
                                    2005               2004               2005

Fixed Assets

Intangible Assets                  1,134              1,363              1,248
Tangible Assets                      921                170                327
                                ----------         ----------         ----------
                                   2,055              1,532              1,576

Current Assets

Stock                              1,487              1,068              1,587
Debtors                            1,554                674              1,217
Cash at bank and in hand           1,399              1,261              2,060
                                ----------         ----------         ----------
                                   4,440              3,002              4,864

Creditors: amounts falling
due within one year               (3,004)            (1,742)            (2,828)
                                ----------         ----------         ----------
Net Current Assets                 1,436              1,260              2,036
                                ----------         ----------         ----------
Total assets less current
liabilities                        3,491              2,792              3,612
                                ----------         ----------         ----------

Capital and Reserves

Called up share capital            2,511              2,464              2,511
Share Premium Account              2,996              2,975              2,996
Profit and Loss Account           (2,016)            (2,647)            (1,895)
                                ----------         ----------         ----------
Shareholders funds                 3,491              2,792              3,612
                                ----------         ----------         ----------




Unaudited Consolidated Summarised Cash Flow Statement for the Six Months Ended
30 September 2005

£'000s                                   Unaudited 6   Unaudited 6   Audited 12
                                           Months to     Months to    Months to
                                        30 September  30 September     31 March
                                                2005          2004         2005

Net cash (outflow)/inflow
from operating activities                        (9)          243        1,163

Net cash (outflow)/inflow from
returns on investments and
servicing of finance                             35            15           39

Capital Expenditure                            (687)          (87)        (299)

Net cash inflow from Financing                   (0)           85          152
                                           ----------    ----------   ----------
Increase/(Decrease) in cash                    (661)          256        1,055
                                           ----------    ----------   ----------


Reconciliation of Operating Profit to Net Cash Inflow from Operating Activities


£'000s                           Unaudited 6      Unaudited 6        Audited 12
                                   Months to        Months to         Months to
                                30 September     30 September          31 March
                                        2005             2004              2005

Operating profit/(loss)                (155)             110               840

Amortisation charge                     114              114               228

Depreciation charge                      76               34                88

Loss on disposal of Fixed Assets         16                -                 -

(Increase)/Decrease in stock            100             (546)           (1,066)

(Increase)/Decrease in debtors         (337)             106              (436)

Increase/(Decrease) in creditors        177              424             1,510
                                   ----------       ----------        ----------
Net cash (outflow)/inflow
from operating activities                (9)             243             1,163
                                   ----------       ----------        ----------



Notes to the Accounts

 1. The results for the six months ended 30 September 2005 have been prepared in
    accordance with applicable accounting standards and on the basis of the
    accounting policies set out in the audited accounts of the Company for the
    12 months ended 31 March 2005.


 2. The interim accounts for the six months ended 30 September 2005 are unaudited
    and do not constitute statutory accounts in accordance with section 240 of
    the Companies Act 1985. The financial information for the six months ended
    30 September 2004 has not been audited but has been extracted from the
    audited financial statements for the 12 months ended 31 March 2005 upon
    which the auditors gave an unqualified report and which do not contain a
    statement under Sections 237 (2) or 237 (3) of the Companies Act 1985. A
    copy of those financial statements has been filed with the Registrar of
    Companies.


 3. Basic loss per ordinary share has been calculated on the Group's loss for the
    period attributable to shareholders and on the weighted number of ordinary
    shares in issue : 71,743,597 (30 September 2004: 68,903,256 31 March 2005:
    69,917,012). Fully diluted loss per ordinary share has been calculated on
    the Group's loss for the period attributable to shareholders and on the
    weighted number of ordinary shares in issue used for the calculation of
    earnings per share above increased by the dilutive effect of potential
    ordinary shares from share option schemes 74,513,147 (30 September 2004:
    73,987,139 31 March 2005: 73,907,179).


 4. The Interim Report will be posted to all shareholders of the Company and
    copies will be available upon application to ASOS plc, 1 Kingsway, London,
    WC2B 6XD.




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