Issue of Equity

Conygar Investment Company PLC(The)
09 March 2006


The Conygar Investment Company PLC
Issue of Equity


The Conygar Investment Company PLC ('the Company') announces that it has today
entered into arrangements to place 8,927,405 new ordinary shares of 5 pence each
at 116 pence per share, conditional upon admission to trading on AIM, to raise
approximately £10,356,000 before expenses ('the Placing').

The Placing has been carried out in order to satisfy investor demand for, and to
widen the ownership of, the Company's shares.  The net proceeds of the Placing
are expected to be approximately £10,300,000 and these proceeds will be used to
strengthen the Company's balance sheet.

The new ordinary shares will rank pari passu with the Company's existing
ordinary shares.

Application has been made for the new ordinary shares to be admitted to AIM and
it is expected that admission will occur on 14 March 2006.


Enquiries
The Conygar Investment Company PLC
Robert Ware                                        020 7725 0360

Bridgewell Securities Limited
Nick Lovering                                      020 7003 3000


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