Conditional disposal of Maltese asset

C H Bailey Plc

13th November 2017

Conditional disposal of Maltese asset

C H Bailey Plc ("the Company" or "the Group"), the diverse group of businesses, with investments and operations around the world in Leisure, Property principally in Tanzania, South Africa and Malta and a UK engineering business, is pleased to announce a conditional sale of 16 Charles Street, Malta for €1.725 million ("Conditional Sale").

The Conditional Sale entered into a "Promise of Sale" agreement under Maltese law and is subject to certain conditions prior to completion. The Company expects completion to take place in the first half of 2018.

Further announcements will be made in due course.

Further information:

Bryan Warren, Company Secretary

C H Bailey Plc

Tel: 01633 262961

William Vandyk, Ciaran Walsh

Arden Partners plc

Tel: 020 7614 5900