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Legendary Invest PLC (LEG)

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Thursday 13 April, 2000

Legendary Invest PLC

Investment, Placing & Application to Trade

Legendary Investments PLC
13 April 2000


                LEGENDARY INVESTMENTS PLC
                            
 Investment and Placing and application for admission to
                         trading
              of additional Ordinary Shares


Legendary Investments plc ('Legendary'), which was formed
to  invest  in  a  spread  of  e-commerce,  internet  and
technology focused businesses, announces that on 12 April
2000  it entered into a cross-subscription agreement with
Birchin  International  plc ('Birchin'),  which  recently
announced  its  re-branding  as  a  specialist  financial
services  investor, whereby Legendary  and  Birchin  have
each  agreed to invest £2,000,000 in the other's ordinary
share capital.  Legendary has issued to Birchin for  cash
15,686,274  Ordinary  Shares  at  12.75p  per  share  and
Birchin is making a cash issue to Legendary of 29,629,630
Ordinary Shares at 6.75p per share.

Shami Ahmed, Chief Executive of Legendary commented:

'We  have a number of potential investment opportunities.
Birchin has considerable experience in the financial  and
training  sectors. It therefore makes sense for  our  two
companies  to  collaborate in relation to investments  in
these areas.'

The  new shares will rank pari passu in all respects with
the  existing Ordinary Shares of Legendary.   Application
has  been made for these shares to be admitted to trading
on  the  Alternative Investment Market and  dealings  are
expected to commence on 18 April 2000.

                                             13 April 2000
Enquiries:

Legendary Investments plc                Tel: 020 7743 6010
Shami Ahmed, Chief Executive

College Hill Associates                  Tel: 020 7457 2020
Michael Padley / Nicholas Nelson

Seymour Pierce                           Tel: 020 7648 8712
Sarah Wharry

                                                                                                                                                                    

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