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Legendary Invest PLC (LEG)

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Monday 22 December, 2003

Legendary Invest PLC

Interim Results

Legendary Investments PLC
22 December 2003



                           Legendary Investments PLC

                         ('Legendary' or the 'Company')

           Interim results for the six months ended 30 September 2003

Highlights

   •Consolidation continues and costs reduced
   •Treasury activities lead to net gains of £97,000
   •Company returns small profit for the period

Commenting on the results, Shami Ahmed said 'We continue to seek niche
investment opportunities. In the meantime, treasury activities combined with our
consolidation process have generated a profit for the period.'

Chief Executive's Statement

Your Company continues to pursue its strategy of making niche investments in
companies that might benefit from your its hands-on approach to investments in
which the investee companies are assisted in certain areas. Several potential
new investments were reviewed in the last six months. None, however, was felt
sufficiently attractive to merit an investment from Legendary.

Through treasury management, Legendary realised net gains of £97,000. This
compares to net losses of £1,184,000 in the same period last year.

Legendary continued to pare back costs. Administrative expenses were only
£66,000 for the six month period, compared with £233,000 for the same period
last year.

Overall, Legendary made a net profit before tax of £32,000 for the six month
period, compared with a loss of £1,411,000 for the same period last year.

As the economic and market environment improves, your Company will continue to
review investment opportunities.

For further information:

Zafar Karim, Legendary Investments PLC  020 7887 1338

Sarah Wharry, Seymour Pierce   020 7107 8000


Profit & Loss Account

                                Six months    Year ended      Six months
                            ended 30/09/03    31/03/03    ended 30/09/02
                                 unaudited     audited        unaudited
                                (£000's)       (£000's)        (£000's)

                                         
                                      

Turnover                               -             -               -



Direct Costs                           -             -               -



Gross Loss                             -             -               -



Administrative Expenses              (66)         (385)           (233)



Net Profit / (Loss)                   97        (1,826)         (1,184)



Operating Profit / (Loss)             31        (2,211)         (1,417)



Interest receivable                    3            12               6



Interest payable                      (2)           (2)              -
                               ----------    ----------      ----------

Profit / (Loss) on                    32        (2,201)         (1,411)
ordinary activities before
interest and tax



Tax                                    -             -               -
                               ----------    ----------      ----------

Retained Profit / (Loss)              32        (2,201)         (1,411)



Basic Profit / (Loss) per           0.01         (0.41)          (0.27)
ordinary share (pence per
share)



Fully diluted Profit /              0.01         (0.41)          (0.20)
(Loss) (pence per share)


Balance Sheet

                                At 30/09/03  At 31/03/03     At 30/09/02
                                  unaudited    audited        unaudited
                                 (£000's)     (£000's)         (£000's)

                                            

Tangible fixed assets                   1              3             4



Investments                         2,092          2,489         4,627
                               ----------     ----------    ----------

                                    2,093          2,492         4,631



Current asset investments           4,787            376         1,375



Debtors                                35             32           108



Cash at bank and in hand                -              -           127
                               ----------     ----------    ----------

                                    4,822            408         1,610



Creditors: amounts falling         (4,752)          (769)       (3,320)
due within one year
                               ----------     ----------    ----------

Net current (liabilities) /            70           (361)       (1,710)
assets
                               ----------     ----------    ----------

Total assets less current           2,163          2,131         2,921
liabilities
                               ----------     ----------    ----------



Capital Reserves



Called up share capital               532            532           532



Share premium account               7,881          7,881         7,881



Profit and loss account -          (6,250)        (6,282)       (5,492)
deficit
                               ----------     ----------    ----------

                                    2,163          2,131         2,921
                               ----------     ----------    ----------



Notes to the Interim Accounts

 1. Accounting Policies

    The accounts have been prepared in accordance with applicable accounting
    standards under the historical cost accounting rules.

 2. Basis of Preparation of Interim Financial Information

    The financial information contained in this interim statement has not been
    audited or reviewed by the Company's Auditors and does not constitute
    accounts as defined by section 240 of the Companies Act 1985. The financial
    information for the year ended 31 March 2003 is based on the statutory
    accounts for that year. Those accounts, upon which the Company's Auditors
    issues an unqualified opinion, have been delivered to the Registrar of
    Companies.

 3. Earnings Per Share

    The calculation of earnings per share is based on the profit after tax for
    the financial period divided by the weighted average number of ordinary
    shares in issue (532,067,000) during the period.

 4. Post Balance Sheet Events

    This interim report will be available on written application to the Company
    Secretary, Legendary Investments PLC, 2nd Floor Berkelely Square House,
    Berkeley Square, London W1A 6BD. This statement has not been subject to an
    audit.





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

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