Conygar Inv Regulatory News (CIC)

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART IN OR INTO CANADA, JAPAN, AUSTRALIA, THE REPUBLIC OF SOUTH AFRICA OR THE UNITED STATES OF AMERICA OR TO US PERSONS.

This announcement is an advertisement and not a prospectus. Investors should not subscribe for or purchase any transferable securities referred to in this announcement except on the basis of information in the prospectus to be published by ZDPCo and the Company in due course in connection with the proposed admission of the ZDP Shares to the Official List (by way of a standard listing under Chapter 14 of the Listing Rules of the UK Listing Authority); and to the London Stock Exchange's main market for listed securities.

For immediate release

19 December 2013

THE CONYGAR INVESTMENT COMPANY PLC

COMPLETION OF PLACING

The Board of The Conygar Investment Company PLC ("Conygar" or "Company" or "Group") is pleased to announce that it has successfully conditionally placed 30 million zero dividend preference shares ("ZDP Shares") at 100 pence per share to raise gross proceeds of £30 million ("Placing").

Further details of the Placing are set out in the announcement released by the Company on 16 December 2013. Liberum Capital Limited is acting as financial adviser and sole bookrunner in relation to the Placing.

The Group is currently preparing a prospectus in connection with the issue of the ZDP Shares which will be published in due course following approval by the UK Listing Authority. Admission of the ZDP Shares to a standard listing of the Official List and to trading on the London Stock Exchange's main market for listed securities is expected to take place in mid-January 2014, after publication of the prospectus.

Robert Ware, Chief Executive of Conygar, commented:

"We are very pleased by the strong investor appetite for Conygar's zero dividend preference shares. The gross proceeds of £30 million positions Conygar strongly to take advantage of exciting opportunities within our existing portfolio and across the wider marketplace."

For further information:

IMPORTANT NOTICE

Liberum, which is authorised and regulated by the FCA, is acting for ZDPCo and the Company and for no-one else in connection with the matters described in this announcement and will not be responsible to anyone other than ZDPCo and the Company for providing the protections afforded to its clients, nor for providing advice in relation to the contents of this announcement or any transaction or arrangement referred to herein.

The distribution of this announcement and/or the transfer of the ZDP Shares in certain jurisdictions may be restricted by law. No action has been or will be taken to permit a public offering of the ZDP Shares or to permit the possession or distribution of this announcement (or any offering or publicity materials related to the ZDP Shares) in any jurisdiction where action for that purpose may be required. Accordingly, neither this announcement nor any advertisement or any other offering material may be distributed or published in any jurisdiction except under circumstances that will result in compliance with any applicable laws and regulations. Persons into whose possession this announcement comes should inform themselves about and observe any such restrictions. Any failure to comply with these restrictions may constitute a violation of the securities law of any such jurisdictions.

This announcement does not constitute an offer to sell, or the solicitation of an offer to acquire or subscribe for, ZDP Shares in any jurisdiction. The offer and sale of ZDP Shares have not been and will not be registered under the applicable securities laws of the United States, Australia, Canada, South Africa or Japan. Subject to certain exceptions, the ZDP Shares may not be offered or sold within the United States, Australia, Canada, South Africa or Japan or to any national, resident or citizen of the United States, Australia, Canada, South Africa or Japan.

Application will be made for the ZDP Shares to be admitted to the Official List of the UK Listing Authority by way of a standard listing under Chapter 14 of the Listing Rules. A standard listing will afford investors in ZDPCo a lower level of regulatory protection than that afforded to investors in companies with premium listings on the Official List, which are subject to addition obligations under the Listing Rules.