ASC Asos Plc

RNS Number:0132F
ASOS PLC
03 October 2007

AGM Statement
ASOS PLC

FOR RELEASE
7.00 am
3rd October 2007

                                    ASOS plc
                           ("ASOS" or "the Company")
                       (Leading online fashion retailer)

                                 AGM STATEMENT

*         ASOS.com sales up 80% for the 6 months to 30th September 2007

*         Gross clothing margin up 3.5% points

*         Profit before tax for the year to 31st March 2008, likely to be
          slightly ahead of market expectations

*         1,425,000 registered users as at 30th September 2007 (1,075,000 as at
          10th October 2006)

*         Continuing investment in infrastructure and personnel to support
          future growth

Nick Robertson, the Chief Executive, will make the following comments on current
trading at the Annual General Meeting to be held at 11.00am today at ASOS,
Greater London House, Hampstead Road, London, NW1 7FB.

"I am very pleased to report a strong first half performance in terms of both
sales and margin. Sales are 80% ahead of last year and our clothing margin has
improved by 3.5% points for the 6 months to 30th September 2007. Consequently,
we believe our profit before tax for the full year to 31 March 2008 will be
slightly ahead of market expectations.

We have experienced exceptionally strong performances in our women's clothing,
menswear and our lingerie and swimwear departments. We have also been encouraged
by the reaction to our new designer boutique and the recent launch of our
premium brand offer.

We have continued with our planned programme of investment, adding resource
across the business as well as increasing our logistics capacity to support our
current and future growth.

With six months of the year to go, including the important Christmas period, and
faced with tougher comparables, it is too early to assess whether our current
sales performance will continue for the full year.

Interim results will be released on 5th December 2007."

.

ASOS plc
Nick Robertson, Chief Executive                               Tel: 020 7756 1000
Jon Kamaluddin, Finance Director
www.asos.com

Cubitt Consulting
Brian Coleman-Smith / Leanne Denman / James Verstringhe       Tel: 020 7367 5100

Seymour Pierce
Mark Percy / Nicola Marrin                                    Tel: 020 7107 8000


Background note:

ASOS plc is an Internet Retail business, established in June 2000 and admitted
to AIM in October 2001. ASOS.com is the UK's largest independent online fashion
and beauty retailer. Aimed primarily at Internet savvy 16-34 year olds, ASOS
offers over 4,700 fashion products across womenswear, menswear, footwear,
accessories, jewellery and beauty. ASOS.com attracts over 2 million unique
visitors a month and as at 30th September 2007, had 1.4m registered users.



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

END
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