Repurchase of own shares

10 October 2018

THE CONYGAR INVESTMENT COMPANY PLC

("Conygar" or "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 25 January 2018, the Company acquired 435,000 ordinary shares of 5 pence each in the capital of the Company ("Shares") on 9 October 2018 at a price of 173.5 pence per Share. The acquired shares will be held in treasury. Liberum Capital Limited completed the acquisition on the Company's behalf pursuant to the share buy-back programme announced on 1 October 2018.

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 58,766,435 Shares (excluding 995,000 Shares held as treasury shares). Therefore, the Company's total number of Shares with voting rights is 58,766,435.

The above figure of 58,766,435 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 FCA's Disclosure and Transparency Rules.

Enquiries:

The Conygar Investment Company PLC

Robert Ware / Ross McCaskill: 020 7258 8670

Liberum (Nominated Adviser and Broker)

Richard Bootle: 020 3100 2222

Temple Bar Advisory (Public Relations)

Alex Child-Villiers: 07795 425580