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Legendary Invest PLC (LEG)

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Monday 24 December, 2007

Legendary Invest PLC

Interim Results

Legendary Investments PLC
24 December 2007



                           LEGENDARY INVESTMENTS PLC

                              HALF-YEARLY RESULTS
                   FOR THE SIX MONTHS ENDED 30 SEPTEMBER 2007


CHIEF EXECUTIVE'S STATEMENT

I am pleased to report that for the first half of the year, your Company made
net profits on investments of £59,000. After costs, net profit was £20,000. We
continue to explore various options to address the net asset position of the
Company.


Further announcements will be made as appropriate.

Shami Ahmed

22 December 2007


PROFIT AND LOSS ACCOUNT
for the six months ended 30 September 2007


                                                               30 September         31 March     30 September
                                                                       2007             2007             2006
                                                                  unaudited          audited        unaudited
                                                                  (£'000's)        (£'000's)        (£'000's)

TURNOVER                                                                  -                -                -

Direct Costs                                                              -                -                -

GROSS LOSS                                                                -                -                -

Net Administrative (Expenses) / Income                                 (39)               93               94

Net Profit/(loss) on Investments                                         59             (93)             (92)

LOSS ON ORDINARY ACTIVITIES BEFORE TAX                                   20                -                2

Tax                                                                       -                -                -

RETAINED PROFIT                                                          20                -                2

Basic Profit per ordinary share (pence per share)                     0.00p            0.00p            0.00p

Fully diluted Profit (pence per share)                                0.00p            0.00p            0.00p



All the activities for the current period are classed as continuing.


BALANCE SHEET
As at 30 September 2007


                                                                     30 September          31 March      30 September
                                                                             2007              2007              2006
                                                                        unaudited           audited         unaudited
                                                                        (£'000's)         (£'000's)         (£'000's)

FIXED ASSETS
Investments                                                                     -                 -                 9

                                                                                -                 -                 9
CURRENT ASSETS
Current asset investments                                                      65                75                53
Debtors                                                                         2                 -                 3
Cash at bank and in hand                                                       85                 4                13

                                                                              152                79                69
CREDITORS:

Amounts falling due within one year                                         (172)             (119)             (116)

NET CURRENT LIABILITIES                                                      (20)              (40)              (47)


NETASSETS                                                                    (20)              (40)              (38)

CAPITAL AND RESERVES
Called up share capital                                                       628               628               628
Share premium account                                                       8,270             8,270             8,270
Profit and loss account - deficit                                         (8,918)           (8,938)           (8,936)

SHAREHOLDERS' FUNDS                                                          (20)              (40)              (38)



CASH FLOW STATEMENT
for the six months ended 30 September 2007


                                                                30 September         31 March     30 September
                                                                        2007             2007             2006
                                                                   unaudited          audited        unaudited
                                                                   (£'000's)        (£'000's)        (£'000's)

Net cash outflow from operating activities                                49            (144)             (40)

Capital expenditure and financial investments

 - Payments to acquire current asset investments                           0                0            (167)

 - Receipts from current asset investments                                 0                0              125


                                                                           0                0             (42)


NET CASH OUTFLOW BEFORE INVESTING ACTIVITIES                              49            (144)             (82)

Financing

 - Directors loan                                                         32              105               53


INCREASE/(DECREASE) IN CASH                                               81             (39)             (29)




NOTES TO THE FINANCIAL INFORMATION

1    ACCOUNTING POLICIES

     The accounts have been prepared in accordance with applicable accounting
     standards under the historical cost conventions, modified by the 
     revaluation of investments.

2    BASIS OF PREPARATION OF HALF-YEARLY FINANCIAL INFORMATION

     The financial information contained in this Half-yearly 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 2007 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.

     The Company is not required to prepare financial statements in accordance 
     with International Accounting Standards as it is not a parent company.

     The directors are of the opinion that adoption of International Accounting
     Standards would have no material impact on the reported results and will
     therefore continue to apply UK Generally Accepted Accounting Standards, but 
     will reconsider the position should the Company's activities lead to a 
     material difference between the two accounting basis.

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 during the period of  627,667,198 (2006: 627,667,198).

4    POST BALANCE SHEET EVENTS

     There have been no significant post balance sheet events.
     
5    HALF-YEARLY REPORT

     The half-yearly report, including the financial information contained 
     therein, is the responsibility of, and was approved by the directors on 
     21 December 2007. The continuing obligations of the AIM Rules for Companies 
     require that the accounting policies and presentation applied to the 
     half-yearly figures should be consistent with those applied in preparing 
     the preceding annual accounts except where any changes, and the reasons for 
     them, are disclosed.

     Copies of this report are available on the Company's website,
     www.legendaryinvestments.co.uk, and at the Company's registered office at 
     2nd Floor, Berkeley Square House, Berkeley Square, London W1J 6BD.


Enquiries:-

Legendary Investments plc
Zafar Karim
Tel:  020 7887 1335

Nominated Adviser
City Financial Associates Limited
James Caithie
Tel:  020 7492 4777



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

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