Conygar Inv Regulatory News (CIC)

26 May 2011

The Conygar Investment Company PLC

("Conygar" or the "Company")

Repurchase of own shares

Conygar announces that, in accordance with the terms of the general authority to make market purchases of its own shares granted to it by shareholders of the Company on 5 January 2011, and following the announcement on 15 March 2011, the Company acquired for cash in the market 1,800,000 ordinary shares of 5 pence each in the capital of the Company ("Shares") on 26 May 2011 at a price of 115.5 pence per Share. The acquired Shares will be held in treasury.

In conformity with Disclosure and Transparency Rule 5.6.1A, Conygar advises that, at the date of this announcement the Company's issued share capital comprises 106,525,783 Shares (excluding 13,977,452 Shares held as treasury shares). Therefore the Company's total number of Shares with voting rights is 106,525,783.

The above figure of 106,525,783 may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FSA's Disclosure and Transparency Rules.

Extension of Share Buyback Programme

The Board of Conygar has decided to increase the size of the Buyback Programme by an additional 4,000,000 Shares, taking the total maximum number of Shares to be acquired under the Buyback Programme to 18,000,000 Shares. Conygar has purchased a total of 13,977,452 Shares to date pursuant to the Buyback Programme.

Any Shares acquired under the Buyback Programme will count towards the Company's general authority to buy back shares granted at the Company's Annual General Meeting held on 5 January 2011 which provides, inter alia for shares to be acquired (or contracted to be acquired) in the period up to the earlier of 4 January 2012 and the conclusion of the Company's next Annual General Meeting.

Save to the extent they are varied by this announcement, all other parameters outlined in the Company's announcement on 1 December 2010 will continue to apply.

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