Acquisition of Stake in Crowd Funding Platform

21 December 2017

Legendary Investments PLC("Legendary" or the "Company")

Acquisition of Stake in Crowd Funding Platform and Issue of Equity

Legendary is pleased to announce that it has entered into an agreement to acquire 9.7% of Crowd for Angels (UK) Limited ("CfA") at a post money valuation for CfA of £3.7 million. CfA owns and operates the "Crowd for Angels" crowdfunding platform. The 9.7% stake will be paid for through the issuance to CfA of 248,275,862 Legendary ordinary shares of 0.1 pence nominal value each ("Ordinary Shares") which equates to 0.145 pence per Leg Share. The closing price on 19 December 2017 of Ordinary Shares was 0.14 pence per Ordinary Share.

CfA has been at the forefront of crowdfunding since its launch in 2014. It was among the first crowdfunding platforms to become FCA regulated, one of the first to be approved by HMRC to manage the Innovative Finance ISA (IF-ISA) and is the first crowd funding platform to be launching its own Liquid Crypto Bond with attached crypto tokens through an Initial Coin Offering ("Liquid Crypto Bond"). See https://crowdforangels.com/company/plc/Crowd-for-Angels-UK-Limited-1031 

Since its Launch, CfA has completed 9 fundraisings and helped raise over £3 million for investee companies. With the imminent launch of its £50 million Liquid Crypto Bond, CfA is now entering a new and exciting phase of its development. For the year ended 30 June 2017, CfA had losses of £192, 986.

Tony De Nazareth, Founder and Director of CfA, said:

"Crowd for Angels is very pleased to welcome Legendary Investments on board as a strategic investor in the business. Moving into the New Year we are excited about the plans we have for the company. We will be focussing on raising the money for our unique Liquid Crypto Bond, along with continuing to help a range of growth businesses to raise the funds they need for expansion."

Zafar Karim, Executive Chairman of Legendary, said:

"We are delighted to be investing in Crowd for Angels. The platform has been at the forefront of its sector and continues to be so with the launch of its £50 million Liquid Crypto Bond. We expect to work with Crowd for Angels by sharing ideas and opportunities, and look forward to helping Crowd for Angels reach its potential.

"Legendary was the first outside investor in the successful tech company, Virtual Stock Holdings Limited. With its recent investment in IBS Corporation Limited, Legendary has a stake in a banking services platform and now, with the investment in Crowd for Angels, Legendary has a stake in a fintech platform. Technology, finance and its confluence, fintech are exciting sectors that will and are moulding the future."

Application will be made for the 248,275,862 new Ordinary Shares to be admitted to AIM, with admission expected to occur on or around 29 December 2017. The new ordinary shares will rank pari passu with the existing ordinary shares.

Following admission of the Ordinary Shares, the Company's enlarged issued share capital will comprise of 3,292,912,755 Ordinary Shares with one voting right per share. There are no shares held in treasury and the total number of voting rights in the Company is therefore 3,292,912,755. This figure of 3,292,912,755 Ordinary Shares may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the FCA's Disclosure Guidance and Transparency Rules.

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The information contained within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014. Upon the publication of this announcement, this inside information is now considered to be in the public domain. 

About Crowd for Angels

Crowd for Angels (UK) Limited ("CfA") is an FCA authorised crowdfunding platform for both debt and equity funding. Launched in January 2014, CfA has developed a sophisticated platform and successfully raised several million pounds for companies via a mix of equity and debt pitches.

CfA helps companies connect with thousands of investors and raise the funds they need. CfA investors get the opportunity to invest in shares in a tax efficient manner through the use of SEIS/EIS tax relief and through crowd bonds which can be held within the tax free Innovative Finance ISA (IF-ISA) wrapper.

CfA's long-term aim is to be one of the biggest crowdfunding platforms in the UK and in Europe as well as internationally.

About Legendary Investments PLC

Legendary Investments PLC is a proactive investment company that focuses on making investments in and assisting companies which exhibit the potential to generate returns of many multiples through capital appreciation. Typically, Legendary invests in small companies where there are clear catalysts for value appreciation and the companies are operating in sectors exhibiting long term growth. Examples of such sectors include technology, energy and natural resources.