Caledonia Regulatory News (CLDN)

CALEDONIA INVESTMENTS COMPLETES THE SALE OF PARK HOLIDAYS

On 19 December 2016, Caledonia Investments plc ("Caledonia") announced (under RNS number 1678S) that it had agreed terms for the sale of Park Holidays UK ("Park Holidays"), the UK's third largest holiday park operator, for a headline enterprise value of £362m, which would deliver to Caledonia £197m in cash, net of fees, for the sale of its 81.5% fully diluted equity stake.

Completion of the transaction was conditional on the approval of the Financial Conduct Authority, which Caledonia is pleased to advise has now been granted and accordingly the sale has been completed.

8 February 2017

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Notes for editors:

Caledonia Investments plc

Caledonia is a self-managed investment trust company listed on the London Stock Exchange with net assets of approximately £1.8bn as at 31 January 2017. The company maintains a concentrated portfolio of international quoted, unquoted and fund investments and has paid an increasing annual dividend for 49 years.

In the unquoted arena, Caledonia seeks to invest £25m to £100m in private companies either on a majority or minority basis, providing a meaningful presence and growth capital supporting double-digit operating margins. Its current unquoted portfolio includes Cobehold (a European unquoted investment house), Gala Bingo (the UK market leading retail bingo operator), Seven Investment Management (a provider of discretionary fund management, asset management and self-invest platform services), The Liberation Group (the market leading Channel Islands pub, restaurants and drinks business), The Sloane Club (a London residential club) and Choice Care Group (a UK learning disability care homes provider).

For additional information on Caledonia, please visit www.caledonia.com.

Park Holidays

Park Holidays was originally established in 1985 under the name Cinque Ports Leisure Limited by Peter Bull and Jim Watson and subsequently sold in 2006 to a management buy-in led by Jeff Sills, Al Loch and Tony Clish. The business was rebranded Park Holidays UK in 2007.

Park Holidays' portfolio currently has a total of c. 10,000 developed caravan pitches, 76% of which are owner occupied and 14% of which are hired out to holiday makers on a short term basis.

For additional information on Park Holidays, please visit www.parkholidays.com.

Neither the contents of Caledonia's or Park Holidays' websites, nor the contents of any website accessible from hyperlinks on such websites (or any other website) is incorporated into, or forms part of, this announcement.