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Legendary Invest PLC (LEG)

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Friday 18 October, 2002

Legendary Invest PLC

Legends Surf Shops Trdg Stmnt

Legendary Investments PLC
18 October 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 today. 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 18 October 2002

Legends Surf Shops plc, one of the leading players in the extreme sports
clothing market, today issued sales figures for the six months to 31 July 2002:

The company is pleased to announce its interim results for the half year to 31st
July 2002. Turnover for the period was GBP7,396,279 (2001 financial year -
GBP5,903,615), an increase of 25%, and operating profit GBP428,439 (2001 -
GBP383,671) an 11.6% increase. These results including trading from 23 stores
(2001 financial year - 20).

During the trading period, a new mega store was opened in Southampton, replacing
the existing store, and a new store was opened in Cardiff.

In the period leading up to Christmas, the Birmingham Boardstore and Ladies
stores are expected to move to new larger premises located more centrally, and a
new kids store is expected to open in Cheltenham.

PROFIT & LOSS ACCOUNT

FOR THE 6 MONTHS TO 31ST JULY
                                                                                              2002                  2001

                                                                                               GBP                   GBP
TURNOVER                                                                                 7,396,279             5,903,615
Cost of Sales                                                                            3,802,026             3,122,848
GROSS PROFIT                                                                             3,594,253             2,780,767
Administrative expenses                                                                  3,165,814             2,397,096
Operating profit                                                                           428,439               383,671
Interest receivable & other income                                                             176                    35
Interest payable & similar charges                                                          55,028                54,606
--------------------------------------------------------
Profit on ordinary activities                                                              373,587               329,100
Earnings per share                                                                           0.67p                 0.59p
--------------------------------------------------------


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

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