Disposal

Conygar Investment Company PLC(The)
06 June 2007



6 June 2007
                       THE CONYGAR INVESTMENT COMPANY PLC

                             COMPLETION OF DISPOSAL


The directors of The Conygar Investment Company PLC ('Conygar') are pleased to
announce that on 29 May 2007, Conygar completed the disposal of 43/45 Bedford
Square, London WC1 for £18 million in cash. The property has a book value of
£16.76 million and the disposal will realise a gross profit of approximately
£1.24 million of which our share is £0.93 million.  The property has a rental
income of approximately £0.9 million per annum and has been owned by Conygar
since May 2006.

The proceeds from this disposal have been utilised in prepaying all of the
remaining bank debt with the balance available for funding future development
projects and acquisitions.


For further information please contact:

The Conygar Investment Company PLC
Robert Ware                                             020 7408 2322
Steven Vaughan                                          020 7408 2322


The directors of Conygar accept responsibility for the information contained in
this announcement. To the best of the knowledge and belief of the directors of
Conygar (who have taken all reasonable care to ensure that such is the case) the
information contained in this announcement is in accordance with the facts and
does not omit anything likely to affect the import of such information.


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