Reorganisation of interest in Ondaland and Asse...

30 April 2014 Clear Leisure Plc ("Clear Leisure" or "the Company") Reorganisation of interest in Ondaland and Asset Value The Company is pleased to announce the completion of the audits of the companies holding its interests in Sipiem/TLT (Ondaland Water Park) as of December 31, 2014. The the net asset value attributable to Clear leisure, shown by these accounts is €7,614,460 or £5,930,000. The Company owns 50.1% of Sipiem, and through this company an interest of 66% in the company owing the Ondaland waterpark. The Company has signed an agreement in principle to swap this interest for 100% of the Ondaland's real estate assets which were evaluated by a December 2014 appraisals at €7,500,000. This deal is expected to complete during 2015, and Clear Leisure's Italian advisor Foradvisor srl, is actively negotiation the final terms. For further information please contact: Clear Leisure Plc Tel: +39 02 4795 1642 Alfredo Villa, CEO ZAI Corporate Finance Limited (Nominated Adviser) Tel: +44 (0) 20 7060 2220 Tim Cofman / Daphne Zhang Peterhouse Corporate Finance (Joint Broker) Tel: +44 (0) 20 7469 0935 Jon Levinson / Heena Karani About Clear Leisure Plc Clear Leisure Plc (AIM: CLP) is an AIM listed investment company pursuing a dynamic strategy to create a comprehensive portfolio of companies primarily encompassing the leisure and real estate sectors mainly in Italy but also other European countries. The Company may be either a passive or active investor and Clear Leisure's investment rationale ranges from acquiring minority positions with strategic influence through to larger controlling positions. For further information, please visit www.clearleisure.com
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