Repurchase of own shares

For immediate release 19 December 2014

The Conygar Investment Company PLC ("Conygar")

Repurchase of own shares

Conygar announces that, in accordance with the terms of the general authority to make market purchases of its own shares granted to it by shareholders of the Company on 6 February 2014, the Company acquired for cash in the market 1,171,429 ordinary shares of 5 pence each in the capital of the Company ("Shares") on 18 December 2014 at a price of 183 pence per Share. The acquired shares will be held in treasury.

In conformity with Disclosure and Transparency Rule 5.6.1A, Conygar advises that, at the date of this announcement, the Company's issued share capital comprises 82,831,254 Shares (excluding 16,882,869 Shares held as treasury shares). Therefore the Company's total number of Shares with voting rights is 82,831,254.

The above figure of 82,831,254 may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FSA's Disclosure and Transparency Rules.