Planning & Marine Licence Applications - Fishguard

For immediate release

18 January 2016

THE CONYGAR INVESTMENT COMPANY PLC

PLANNING AND MARINE LICENCE APPLICATIONS - FISHGUARD

Conygar Stena Line Limited, the joint venture between The Conygar Investment Company PLC ("Conygar") and Stena Line, has submitted planning and marine licence applications in respect of the first phase of the Fishguard Harbour Marina project.

 This consists of the construction of two new breakwaters, revetments and an 8 hectare reclamation platform, 1.4 hectares of which would be allocated for the future port development works and the remainder for the residential and marina related development.

 In addition, the proposed development will include the construction of a marina basin to accommodate 345 berths and an approach channel to provide all tide access.

 The first phase of the development would also include a public slipway, a boat hoist and a service quay for local fishing boats.

Robert Ware, CEO of Conygar, commented: "The submission of these applications for the construction of the infrastructure which includes two breakwaters, dredging the marina basin and so creating a platform for the housing, is an important further step towards Conygar being able to deliver the residential development and the marina with its ancillary facilities."

Enquiries:

The Conygar Investment Company PLC

Robert Ware/Ross McCaskill: 020 7258 8670

Liberum Capital Limited (Nominated Adviser and Broker)

Richard Bootle: 020 3100 2222

Temple Bar Advisory (Public Relations)

Alex Child-Villiers: 07795 425580