Share Buyback Programme

5 January 2011

The Conygar Investment Company PLC

("Conygar" or the "Company")

Extension of Share Buyback Programme

Following the announcement on 1 December 2010 of the Company's Share Buyback Programme and the announcement of the extension thereof on 10 December 2010 (the "Buyback Programme"), Conygar has purchased a total of 3,645,000 Conygar ordinary shares ("Shares") pursuant to the Buyback Programme. The Board of Conygar has decided to increase the size of the Buyback Programme by an additional 2,000,000 Shares, taking the total maximum number of Shares to be acquired under the Buyback Programme to 6,000,000 Shares.

Any further 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 today (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.

For further information please contact: