Vision

Our Vision Our vision is to be the supplier of choice for products for the electrical, power, information technology and semiconductor industries. Our Mission Our mission is to deliver exceptional service and cost effective product to meet and exceed the expectations of our customers and deliver profitable growth. We will support this mission through our people with the experience, skills and diversity to innovate and improve our business at every level. Legend shall grow revenue and earnings through a combination of acquisition and organic growth.

Code of Conduct Statement

We are committed to realising our mission through our company values of safety, integrity, reliability, respect for our people, community and environment and commercial success as part of our company culture. This code is a model of the behaviours' and work standards we will demonstrate to support the organizational purpose, values and culture. The code applies to all employees, including permanent, temporary, casual, part-time and contractors.

Safety
We are involved in the promotion and improvement of workplace and community safety and we:

Ensure that the health, safety and welfare of customers, the public, co-workers and ourselves are not endangered as a result of our conduct at work. Support consultation on OHS decisions throughout out business, contribute to the development of OHS working practices and comply with OHS regulations, systems, policies and procedures. Lead by example by undertaking OHS training, utilizing protective clothing and safety equipment as instructed to ensure regulations and compliance standards are met and reinforced within the workplace. Co-operate with our efforts to meet our OHS obligations by reporting accidents, injuries, unsafe practices and environmentally harmful situations in the workplace immediately to our managers.

Perform our duties unimpaired by the consumption of alcohol or the use of other non prescription drugs

Integrity

We act with honesty, objectivity and transparency:

Deal justly with all issues and consistently manage conflicts of interest in an open and respectful manner. Do not use our position to exert inappropriate influence over others. Decline gifts or benefits which may be seen to compromise impartiality. Ensure we have the necessary delegation to authorize expenditure or bind the company to any contract. Do not make decisions for personal gain at the expense of the organization, or participate in outside employment where there is a conflict of interest. Comply with the objectives and spirit of our policies, procedures, guidelines and relevant legislation. Satisfactorily meet the requirements of your position and follow instructions that are reasonable and lawful and within your capability and training. Be punctual, attend work as required in the contract of employment, and comply with the codes of practice and polices regarding employment as amended from time to time. Act ethically and avoid actions that bring the organization into disrepute. Do not participate in fraudulent conduct. Consult with your supervisor on potential or actual conflicts of interest in order to resolve them. Ensure all communication is carried out in an open and transparent manner. Respect the privacy of customer and employee information. Seek permission before disclosing confidential information or making official comment. Provide access to information when required by law to assist other employees in their duties. Do not misuse information obtained at work for person financial gain or for taking advantage of others. Ensure only information for which we are authorized is accessed.

Reliability
We have the skills and resources to ensure the delivery of responsive and effective service to our customers and our people and we:

Recognise and positively reinforce the behaviour outlined in the code. Maintain responsibility and accountability for all work. Act consistently to achieve efficiency and the required detail in all areas of work. Work with others towards work goals and communicate regularly with one another about progress. Look for ways to improve work methods and processes and to solve workplace problems. Provide guidance and coaching to our staff and team. Ensure appropriate training and development opportunities are provided and recognize results. Contribute actively to our own professional growth by enthusiastically participating in all development opportunities provided.

Respect
We ensure the principles of consistency, acceptance and respect towards people, community and environment and we:

Contribute to a workplace of co-operation, trust and support for our people free from prejudice, harassment, victimization and bullying. Respect diversity by treating others equally, irrespective of their gender, marital status, race, religion, age or sexual preference. Do not use obscenities offensive language or display offensive material in our workplaces, vehicles or on customers premises. Carefully and economically use our materials, facilities, funds, people and equipment for authorized purposes only. Conserve and efficiently use resources through recycling, energy saving and waste minimization. Minimize adverse environmental effects of our actions with a view to protecting the environment for future generations. Act as a responsible neighbour in our community.

Commercial Success
We are committed to the growth of our business, the satisfaction of our customer and the development of our people and we:

Provide accurate information, prompt attention and observe fairness and equity when dealing with others. Exceed customer expectations by tailoring products and services to deliver the best customer outcomes. Ensure our appearance is appropriate for our job role. Identify opportunities and take action to maximize shareholder value and organizational performance. Maintain awareness of competing organizations and strengthen co-operation between management and employees to improve our market position.

Encourage excellence and innovation in processes, products and services.

Overview
Cabac designs, manufacturers, imports and distributes an extensive range of products to the electrical industry. Cabac sells and promotes its products via a large network of electrical wholesale organisations that service the electrical trades, data communications, domestic and commercial building industry, power utility companies, domestic and commercial power infrastructure. The products includes electrical connectors, cables, tools, test and measurement instruments, structured wiring systems, copper and fibre connectivity, high and low voltage power connectivity products, network cabling infrastructure, home networking and media distribution systems, networking hardware and PC peripherals. One Call One Day One Delivery

Cabac's mission is to strive for excellence in providing the best quality products, service and support to customers. A next day delivery service is available throughout Australia for the majority of orders.

Legend Performance Technology's distribution operations service the IT industry. The product range comprises of an extensive range of DRAM and Flash based memory modules that are utilised in a range of applications such as desktop and notebook computers, servers, printers, photocopiers and mobile phones. It also incorporates a wide range of IT products for Data rooms such as Enclosures, UPS, PDUs and Patch Panels for system integrators. Legend Performance Technology is also a master distributor for Hitachi storage solutions. The comprehensive product range enables the company to service market segments that include OEM (Original Equipment Manufacturers - computer manufacturers), VAR (Value Added Resellers of computers) and specialist retailers operating in photographic, communications and recreational industries. The engineering and manufacturing operations are now managed by the subsidiary company Hendon Semiconductors.

Hendon Semiconductors design and manufacture unique integrated circuits (IC), thick film hybrids and printed circuit board module assemblies. Hendon Semiconductors. products are used in the automotive and medical industries and are also employed in both commercial and domestic appliances, including kettles, irons, hair dryers and fry pans. Hendon Semiconductors provide a range of engineering support services to assist with the integration of IC and to optimise the end products. capabilities. Hendon Semiconductors provide reference designs and ancillary test and calibration solutions. The design team and the automated surface mount electronics (PCB assembly) production facility is based in Hendon (Adelaide). Hendon Semiconductors is a 'fab-less' semiconductor company. Silicon wafer fabrication, wire bonding and encapsulation processes that are provided by a number of technology partners throughout Asia. Specialisation One key area of expertise is thermostatic control and management of mains operated heating and cooling appliances, where up-to-date multi-point sensing and electronic control can bring a wide range of operational advantages to the appliances. This application is widely used in commercial refrigeration, drink coolers, water heating and boiling units. In the domestic area, it is used in electric irons, rice cookers and frypans, and in the personal product area, in hair styling tools, such as hair straighteners and hair dryers.

Cabac Power specialises in Engineering Solutions for Australian Utilities such as Power, Water and Transport. Cabac Powers unique blend of Engineering, Design, Manufacturing facilities and Certified NATA laboratories makes it ideally placed to develop customer specific power conductivity solutions. Cabac Power sells and promotes its products via a large network of electrical wholesale organisations that service the power utility companies, domestic and commercial power infrastructure. The products include electrical connectors, cables and low voltage power

connectivity products. Cabac Power's mission is to strive for excellence in providing the best quality products, service and support to customers specific and unique engineering requirements in relation to low voltage power connectivity products. Legend Defence Industries Division was formed with the express purpose of providing the Australian Defence Force with advanced Australian engineering solutions. Legend's state of the art design and manufacturing capabilities as well as the wisdom, experience and professionalism of the management team provides the ADF and government with a valuable Australian supplier to defence and the defence industry. Legend has a strong background in supporting complex defence systems. With over 30 years experience in advanced electronics manufacture, Legend has been integral in delivering some of the ADF's most advanced systems. Legend has designed and manufactured components of the Collins Class submarine towed array - Kirawara, Nulka the hovering decoy rocket, Barra sonobuoys, the Mulloka on board ships sonar and many other sensors and devices for defence. Legend Defence Industries' expertise originate from both operational and industry experience in providing complex systems engineering, design, manufacture and management solutions to the defence, medical, automotive, aerospace, rail, and power based industries. Based in Hendon Adelaide, Legend Defence Industries mission is to grow the defence support capabilities of Legend Corporation through acquisition of and supply to the ADF and the defence industry of solutions to meet defence needs and capability. The Australian Defence Force delivers the highest quality design, manufacture and testing of its electronics equipment for use in the field - Legend delivers.

Directors Bruce Higgins Bradley R Dowe Ian Fraser Company Secretary Graham Seppelt Bankers National Australia Bank 22-28 King William Street Adelaide South Australia 5000 Solicitors Minter Ellison Lawyers Rialto Towers, 525 Collins Street Melbourne Victoria 3000 P: 08 9426 3222 F: 03 8608 1000 Auditors Grant Thornton NSW

Chartered Accountants 383 Kent Street Sydney New South Wales 2000 P: 02 8297 2400 F: 02 9299 4445 Legend Corporation Limited Registered Office 1 Butler Drv Hendon South Australia 5014 P: 08 8401 9888 F: 08 8277 6027 Securities Exchange Australian Securities Exchange Limited 2 The Esplanade Perth Western Australia 6000 P: 08 9224 0000 Share Registry Security Transfer Registrars Pty Ltd Suite 1 / 770 Canning Highway Applecross Western Australia 6153 P: 08 9315 0933s F: 08 9315 2233 W: www.securitytransfer.com.au

Corporate Governance
The Company's corporate governance policies and practices are outlined below. The Board of Directors The Company's Board of Directors is responsible for corporate governance of the Company. The Board develops strategies for the Company, reviews strategic objectives, and monitors performance against those objectives. The goals of the corporate governance process are to:

Drive shareholder value; Ensure a prudent and ethical base to the Company's conduct and activities; and Ensure compliance with the Company's legal and regulatory obligations.

Consistent with these goals, the Board assumes the following responsibilities:

Develop initiatives and identify opportunities for profit and asset growth; Reviewing the corporate, commercial and financial performance of the Company on a regular basis; Acting on behalf of, and being accountable to the Shareholders; Identifying business risks and implementing actions to manage those risks; Developing and effecting management and corporate systems to assure quality.

The Company is committed to the circulation of relevant materials to Directors in a timely manner to facilitate Director's participation in the Board discussions on a fully informed basis. Composition of the Board Election of Board members is substantially the province of the Shareholders in general meeting. However, subject thereto, the Company commits to the following principles:

The Board is to comprise of Directors with a blend of skills, experience and attributes appropriate for the Company and its business; and The principal criterion for the appointment of new Directors is their ability to add value to the Company and its business.

No separate nomination committee has been adopted, however the functions of such a committee involving the identification, appointment and review of the Board membership, are to be performed within the auspices of the full Board. Independent Professional Advice Subject to the Chairman's approval (not to be unreasonably withheld), the Directors, at the Company's expense, may obtain independent professional advice on issues arising in the course of their duties. Remuneration Arrangements The remuneration of an Executive Director will be decided by the Board, without the affected executive participating in that decision making process. The maximum remuneration of non-Executive Directors is the subject of a Shareholder resolution in accordance with the Company's Constitution, the Corporations Act and ASX Listing Rules, as applicable. The apportionment of non-Executive Directors remuneration within the maximum will be made by the Board having regard to the inputs and the value to the Company of the respective contribution by each non-Executive Director. The current limit, which may only be varied by shareholder at a General Meeting,is an aggregate amount of $400,000 per annum. The Board may award additional remuneration to non-Executive Directors called upon to perform extra services or make special exertions on behalf of the Company. External Audit

The Company in general meeting is responsible for the appointment of the external auditors of the Company, and the Board from time to time will review the scope, performance and fees of those external auditors. Audit and Risk Management Committee The Company has a separately constituted audit and risk management committee. The Board is committed to the establishment and maintenance of appropriate ethical standards to underpin the Company's operations and corporate practices.

About the Directors

Bruce Higgins

Chairman, Non Executive Director BEng, CPEng, MBA, FAICD Bruce is an experienced non executive director, chairman and former chief executive of both private and listed companies within Australia and internationally, spanning 25 years in diverse companies ranging from engineering, manufacturing and professional services to larger contracting businesses. Bruce was the recipient of Ernst & Young "Entrepreneur of the Year" award in the Southern California region-June 2005. Bruce currently serves as non executive chairman of Q Technology Group (ASX: QTG). Bruce is a member of the Audit and Risk Management Committee, Chairman of the Remuneration Committee and the Nominations Committee.
Brad R Dowe

Managing Director & CEO BSc (Computer Science) Brad is the founder and Chief Executive Officer of Legend and has been working in the field of computing and engineering for over 20 years. His experience covers all facets of electronics, engineering, product development, manufacturing processes and systems development and international business operations. Brad oversees the global management of the organisation. Brad is a member of the Legend Nomination Committee.
Ian Fraser

Non Executive Director FCPA, FAICD Ian was appointed as a Director in January 2008. He is

currently the non-executive Chairman of Forest Place Group Limited and a non-executive Director of Structural Systems Limited and PMP Limited. Ian has held several senior management positions including Managing Director of Pioneer Sugar Mills Limited, Clyde Industries Limited, Australian Chemical Holdings Limited and TNT Australia Pty Limited. Ian also has substantial international experience having lived and worked in South East Asia and the United States. Ian is the Chairman of the Audit and Risk Management Committee, and a member of the Remuneration Committee and the Nominations Committee.
Graham Seppelt

Company Secretary CPA Graham was appointed as company secretary on 18 January 2005. Graham is a Certified Practicing Accountant with 40 years' experience and has had wide exposure to a range of industries as a senior manager and contract accountant in corporate advisory roles. He is also the company secretary for BSA Limited, Mesbon China Nylon Limited, UXA Resources Limited and My ATM Holdings Limited.

Welcome to a Career with Legend Corporation

Legend Corporation Limited is a leading technology company that operates in the electrical, IT and semiconductor industries. Legend Corporation listed on the Australian Securities Exchange (ASX) in February 2004. Operations date back to 1947 at the Hendon, Adelaide facility and today the organisation has activities in Australia, New Zealand, South Africa and China. Legend Corporation has three brands and divisions, Cabac, Legend Performance Technology and Hendon Semiconductors (formerly IES - Integrated Electronics Solutions). Our success is attributable to the quality of the teams we have created that deliver outstanding performance, enthusiasm and commitment right across our company. If you believe you could be a valuable member of Legend Corporation's team, please contact Cabac, Legend or Hendon Semiconductors using the below links.

Cabac
Cabac designs, manufacturers, imports and distributes an extensive range of products to the electrical industry. Cabac sells and promotes its products via a large network of

electrical wholesale organisations nationally that service the electrical trades, data communications, domestic and commercial building industry, power utility companies, domestic and commercial power infrastructure and industrial applications. The products includes electrical connectors, cables, tools, test and measurement instruments, structured wiring systems, copper and fibre connectivity, high and low voltage power connectivity products, network cabling infrastructure, home networking and media distribution systems, networking hardware and PC peripherals

Legend Performance Technology

Legend Performance Technology's memory manufacture and distribution operations service the IT industry. The product range comprises of an extensive range of DRAM and Flash based memory modules that are utilised in a range of applications such as desktop and notebook computers, servers, printers, photocopiers and mobile phones. To complement thise selection of memory, a range of consumer digital products, computer accessories and related electrical products have been added to the line card. Legend Performance Technology is also a master distributor for AMD processors, Hitachi storage solutions and MSI motherboards. The comprehensive product range enables the company to service market segments that include OEM (Original Equipment Manufacturers - computer manufacturers), VAR (Value Added Resellers of computers) and specialist retailers operating in photographic, communications and recreational industries. The engineering and manufacturing operations are now managed by sister company Hendon Semiconductors.

Hendon Semiconductors
Hendon Semiconductors designs and manufactures unique integrated circuits (IC), thick film hybrids and printed circuit board module assemblies. Hendon Semiconductors products are used in the automotive and medical industries and also employed in both commercial and domestic appliances, including kettles, irons, hair dryers and fry pans. The design team and the automated surface mount electronics (PCB assembly) production facility is based in Hendon (Adelaide). Hendon Semiconductors is a 'fab-less' semiconductor company. Silicon wafer fabrication, wire bonding and encapsulation processes are provided by a number of technology partners throughout Asia.

Cabac Offices
Cabac Australia Web www.cabac.com.au Customers please call for Webshop log on Telephone Australia 1800 3282 00 International (+612) 9678 5055 Fax Australia 1800 3282 39

International

(+612) 9678 5084

Accounts and Administration T: (+612) 9678 5000 F: (+612) 9678 5070 E: accounts@cabac.com.au Head Office Street Address 8 Distribution Place Seven Hills NSW 2147 Australia Head Office Postal Address PO Box 107 Silverwater NSW 1811 Australia

Overseas Offices
Cabac Fiji Autocrat Limited PO Box 3783, Samabula, Suva, Fiji T: 679 38 4924 F: 679 37 0092 E: vivekanand@connect.com.fj Cabac Papua New Guinea Esco Pty Ltd PO Box 1463, Boroko, Papua New Guinea T: 675 325 5300 F: 675 325 9020 E: escopom@daltron.com.pg

Legend Performance Technology Offices

Legend Australia Web www.legendmemory.com Telephone All Australia Sales 1800 3282 00 (1800 DATA 00) Fax All Australia Sales 1800 3282 39 (1800 DATA FX)

Adelaide 1 Butler Drv. Hendon SA 5014 T: (08) 8401 9888 F: (08) 8244 5884 (Sales) F: (08) 8244 9520 (Admin) E: adlsales@legend.com.au Melbourne Unit 2, 4 Garden Road Clayton Vic 3168 T: (03) 8549 7170 F: (03) 9545 3970 E: mlbsales@legend.com.au Sydney 8 Distribution Place Seven Hills NSW 2147 T: (02) 9448 6768 F: (02) 9448 6767 E: sydsales@legend.com.au Brisbane Unit 2, 27 Birubi St. Coorparoo QLD 4151 T: (07) 3324 5170 F: (07) 3324 5199 E: bnesales@legend.com.au

Perth Unit 2, 50 Howe Street Osborne Park WA 6017 T: (08) 9464 8400 F: (08) 9242 4433 E: pthsales@legend.com.au