Interim Management Statement

18 November 2014 Candover* Investments plc - Interim Management Statement Candover Investments plc ("Candover" or the "Company") today issues an updatestatement which, as usual is unaudited, relating to the period from 1 July 2014to the date of this announcement. Portfolio valuation and net debt Candover's investment portfolio was last valued as of 30 June 2014, with aresultant net asset value per share of 722p. The next valuation of the Company's assets will be conducted as of 31 December2014. Consistent with its valuation policy, the Company will continue to applyearnings based valuations to portfolio businesses and will appropriately valueany carried interest of the Company in the Candover Funds. Foreign currency movements over the course of Q3 2014 increased the value ofthe portfolio by £0.8 million due to the strength of the US Dollar relative toSterling. However, the US Dollar's strength had an adverse impact on net debtat 30 September 2014 which increased to £34.2 million from £30.4 million at 30June 2014, reflecting adverse FX movements of £2.3 million and operating costs. Following the end of the quarter, Candover has received aggregate realisationproceeds of £7.9 million (€10 million). These include realisation proceeds fromthe sale of Candover's investment in Ono of £5.1 million (€6.5 million),including carried interest, and an initial receipt of £2.2 million (€2.8million) following the Get realisation noted below. Realisation activity In September, the intended acquisition of Get by TDC, the Danishtelecommunications group, for an enterprise value of NOK13.8 billion wasannounced. The realisation of Get, an asset held in the Candover 2005 Fund,will generate estimated proceeds of £6.2 million for Candover, representing a20% uplift over the valuation at 30 June 2014. The outstanding regulatoryclearances have now been granted and proceeds will be received before year end. Performance of the portfolio The five largest investments, comprising Expro International, Parques Reunidos,Stork BV, Technogym and Hilding Anders, together represent 96.9% of the overallvalue of the portfolio, excluding carried interest. The portfolio as a whole continues to perform well and on a rolling Last TwelveMonths, or `LTM', basis to 30 September 2014, the combined earnings for thefive largest investee companies increased by 11.9% compared to the twelvemonths to 30 September 2013, and revenues rose by 6.2%. In aggregate, leveragefor the five largest portfolio companies fell from 5.9x to 5.7x. Ends *Candover means Candover Investments plc and/or one or more of its subsidiaries. For further information, please contact: Candover Investments plcMalcolm Fallen, CEO +44 20 7489 9848