Interim Management Statement

CANDOVER INVESTMENTS PLC - Interim Management Statement

PR Newswire

London, May 15

15 May 2013

Candover Investments plc - Interim Management Statement

Candover Investments plc (`Candover` or the 'Company`) today issues its InterimManagement Statement in accordance with FSA Disclosure and Transparency Rule4.3. This statement which, as usual, is unaudited, relates to the period from 1January 2013 to the date of this announcement.

Portfolio valuation and net debt

Candover's investment portfolio was last valued as of 31 December 2012, with anet asset value per share of 608p.

The next valuation of the Company's assets will be conducted as of 30 June2013. Consistent with its valuation policy the Company will continue to applyearnings based valuations to portfolio businesses and will appropriately valuethe carried interest of the Company in the Candover Funds.

Over the course of the first quarter of 2013, the net effect of currencymovements on the value of the portfolio has been to increase its value byapproximately £6.0 million, following appreciation of the Euro and US dollarrelative to Sterling.

Net debt at 31 March 2013 was £33.0 million, up from £26.7 million at 31December 2012, which reflected the Q1 2013 outflows relating to the costs ofrunning the Company and the adverse impact of US dollar appreciation on our netdebt.

Overall, the combined impact of the increase in the portfolio value and theincrease in net debt has resulted in no change to the Company's net asset valueduring Q1 2013.

Portfolio update and trading

There were no realisations or follow on investments in the portfolio during Q12013.

Against a backdrop of continued difficult trading conditions across severalEuropean economies, the portfolio achieved positive aggregate sales andearnings growth in the first quarter of 2013 against the comparative periodfrom 2012.

The five largest investments, comprising Stork Technical Services (`STS'),Expro International Group (`Expro'), Fokker Technologies, Technogym, andParques Reunidos, together represent 83% of the overall value of the portfolio,excluding carried interest.

On a Last Twelve Months (`LTM') basis, combined earnings for the fivebusinesses for the 12 months to 31 March 2013 increased by 9.5% compared to the12 months to 31 March 2012, and revenues rose by 9.7%. This represents anincrease of 0.5% and 0.4% compared to LTM revenue and LTM EBITDA at 31 December2012. The five businesses were de-leveraged by 0.5x EBITDA over the 12 monthsto 31 March 2013.

Of particular note was the performance of Expro which sustained its doubledigit revenue and EBITDA growth throughout the first quarter of 2013, therebyoffsetting less resilient trading at STS. Both Expro and STS have publiclylisted debt and will be publishing results to 31 March 2013, on 29 May and 30May respectively.

Ends.

For further information, please contact:

Candover Investments plc

Malcolm Fallen, CEO +44 20 7489 9848