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Legendary Invest PLC (LEG)

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Friday 08 February, 2002

Legendary Invest PLC

Legends Trading Update

Legendary Investments PLC
8 February 2002


                    LEGENDARY INVESTMENTS PLC ('Legendary')

                     Legends Surf Shops plc Trading Update

The directors of Legendary are pleased to note that Legends Surf Shops plc 
('Legends') issued the following trading update yesterday. Legendary owns 10
million ordinary shares in Legends, which represents 18 per cent. of its issued
share capital. Legends' shares are currently traded on Ofex.

Further enquiries:

    Legendary Investments plc

    Shami Ahmed, Chief Executive

    Tel: 0208 903 9037


Newstrack announcement dated 8 February 2002

Legends Surf Shops plc, one of the leading players in the extreme sports
clothing market, today issued sales figures for the 5 week period to 6th January
2002 and the 10 week period to 6th January 2002:

               5 week period to 6th January                                10 week period to 6th January

                      % on last year                                               % on last year
           Actual                     Like for like                    Actual                     Like for like

           + 46.3                        + 24.7                        + 43.3                         + 21.8


Like for like sales have been calculated by comparing total sales of the 18
stores trading in the relevant periods, in both 2000/2001 and 2001/2002. Actual
sales have been calculated by taking the total sales of the Company's 22 stores
trading in the 2001/2002 period.

Sales have been strong throughout the pre-Christmas trading period, and even
more encouraging is the fact that sales have been achieved at full margin. The
key area of growth was sales of the Company's own-brand clothing.

Commenting on the Trading Statement, Adrian Stewart, Chairman and Joint Managing
Director, said:


'We are pleased to see our extensive store opening and re-furbishment programme
vindicated by the strong pre-Christmas period sales growth. We aim to continue
this expansion throughout the current year and achieve substantial cost savings
via our recently acquired combined warehouse and head office operation. The
results are a reward for the hard work and effort of our dedicated employees.


I am very encouraged by these results, and am confident that we are on track to
fulfill the targets we have set ourselves for the current financial year.'


BRIEF BACKGROUND OF THE COMPANY

Legends has evolved rapidly over the last 6 years from a one store independent
based in a 600 square feet store in the Clarendon Centre, Oxford to its current
chain of 22 stores nationwide comprising total trading areas in excess of 65,000
square feet. Its new larger stores, in locations such as Kingston-upon-Thames,
Bristol, Oxford, Reading and Oxford Street, comprise fashion and leisure
interest items for all ages - ranging from everyday clothing to snowboard gear,
skateboarding accessories and BMX hardware. This is all marketed uniquely in the
Company's in-house-designed and constructed store layouts. Commenting on the
Company's growth over recent years, Adrian Stewart stated 'we take great pride
in constructing stores that give our customers an unforgettable shopping
experience and in many locations we are a 'destination' store for our regular
customers. We aim to continue our expansion over the coming year, both by
reinforcing our position in existing areas and entering new locations.'


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


                                                                                
                                                                                
                   

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