Trading Update

28 October 2014 Clear Leisure plc ("Clear Leisure" or "the Company") Trading Update Clear Leisure, the AIM traded (AIM: CLP) specialist investment company, ispleased to provide the following trading update. Mediapolis As a result of a successful issuance of bonds, further details of which areprovided below, the Company has participated in the first part of a two partfundraising by Mediapolis in order to provide Mediapolis with working capitalfor the professional fees to separate the license assets from the land assets. The Company's initial participation was for EUR 200,000 with a furthersubscription expected in the region EUR 180,000. Following the secondsubscription, Clear Leisure's interest in Mediapolis will increase fromapproximately 69.5 per cent. to approximately 88 per cent. Ondaland The Company continues to negotiate the terms of the possible acquisition of 100per cent. of the real estate assets of the Ondaland waterpark. The Company will keep the market appraised of further developments. Financial Results As announced on 18 August 2014, the Company regained access to necessaryfinancial information and has now completed the audit of its Italian assets, inconjunction with Baker Tilly Revisa, Italy. This information is being passed toits UK auditor, Welbeck & Associates, and it is expected the UK audit will takefour weeks to conclude. The Company, therefore, expects to release both itsfinal results to the year ended 31 December 2013 and its interim results forthe half year ended 30 June in the first week of December 2014. Working Capital As also announced on 18 August 2014, the Company can report that it hassuccessfully placed EUR 450,000 of its 0% December 2015 bond, at a price of91.5% of the value of the bond, to a Swiss-based investor, raising EUR 411,750for the Company. These funds have been used to subscribe to an increase incapital in Mediapolis SpA and will be used for general working capitalpurposes. As a result of the uptake of the bond, the Company is considering raisingfurther funds in a similar manner, which would be used for the further increasein capital in Mediapolis and for working capital purposes. -ends- For further information please contact: Clear Leisure plc +39 02 4795 1642 Alfredo Villa, CEO Cairn Financial Advisers LLP (Nominated Adviser) +44 (0) 20 7148 7900 Jo Turner Peterhouse Corporate Finance (Joint Broker) +44 (0) 20 7469 0935 Lucy Williams / Heena Karani Leander (Financial PR) +44 (0) 7795 168 157 Christian Taylor-Wilkinson About Clear Leisure Plc Clear Leisure Plc (AIM: CLP) is an AIM listed investment company pursuing adynamic strategy to create a comprehensive portfolio of companies primarilyencompassing the leisure and real estate sectors mainly in Italy but also otherEuropean countries. The Company may be either a passive or active investor andClear Leisure's investment rationale ranges from acquiring minority positionswith strategic influence through to larger controlling positions. For furtherinformation, please visit, www.clearleisure.com