Disposal

28 April 2014 Candover* Investments plc sells Innovia Group ("Innovia") Candover announces that Arle Capital has completed the sale of portfoliocompany Innovia for an enterprise value of €498 million. The sale pricerepresents a return of 2.1 times on the original investment. Originally acquired by Candover Partners in 2004, Innovia is an internationalmanufacturer of high quality, speciality films for its key markets of labels,tobacco overwrap, packaging and polymer banknote substrate. In early 2014,Innovia Security, a division of Innovia, secured the Bank of England contractto supply substrate for the new polymer £5 and £10 notes, with the transitionfrom paper notes starting in 2016. The sale of Innovia is the last actively managed asset in the Candover 2001Fund and will generate estimated cash proceeds of €12.8 million, together withcarried interest of €7.6 million for Candover Investments plc. This representsa 15% uplift on the valuation of Candover's investment in Innovia at 31stDecember 2013. Ends. *Candover means Candover Investments plc and/or one or more of its subsidiaries . For further information, please contact: Candover Investments plc

Malcolm Fallen, CEO +44 20 7895 2826