CLP.L Regulatory News (CLP)

18 February 2015 Clear Leisure plc ("Clear Leisure" or "the Company) Receipt of winding up petition The board of Clear Leisure announces that the Company yesterday received noticefrom Westhouse Securities Limited ("Westhouse") that, on 17 February 2014,Westhouse's solicitors filed a winding up petition with the Companies Court inLondon. Westhouse is claiming an amount approximately £100,000 pursuant tounpaid debts for contractual services provided. The Company disputes the claims made, and the amount claimed, by Westhouse andhas been in discussion with Westhouse concerning the amount due and settlementterms. The board of Clear Leisure is therefore disappointed to learn that awinding up petition has been filed by Westhouse but the board is working withWesthouse and remains optimistic that settlement can be reached. As announcedon 17 February 2015, the Company has a material working capital constraint,however, it is undertaking various initiatives to raise funds, including a debtplacement which is expected to conclude shortly in excess of the disputedamount. The winding up petition is due to be heard at the Companies Court at 10:30 a.m.on 20 April 2015. In the event that the Company is unable to successfully contest the winding uppetition or reach an agreement with Westhouse then the board of Clear Leisurewill have to take steps to protect the interests of the Company's creditors. Further announcements will be made in due course. For further information please contact: Clear Leisure plc +39 02 4795 1642Alfredo Villa, CEO Cairn Financial Advisers LLP (Nominated Adviser) +44 (0) 20 7148 7900Jo Turner / Liam Murray Peterhouse Corporate Finance (Broker) +44 (0) 20 7469 0935Lucy Williams / Heena Karani About Clear Leisure Plc Clear Leisure Plc (AIM: CLP) is an AIM listed investment Company pursuing adynamic strategy to create a comprehensive portfolio of companies primarilyencompassing the leisure and real estate sectors mainly in Italy but also otherEuropean countries. The Company may be either a passive or active investor andClear Leisure's investment rationale ranges from acquiring minority positionswith strategic influence through to larger controlling positions. For furtherinformation, please visit, www.clearleisure.com