23 May 2017

    Candover Investments plc  

    Candover Investments plc ('Candover' or the 'Company') today issued the
    following trading update at its Annual General Meeting. The statement, as is
    usual, is unaudited, and relates to the period from 1 January 2017 to the date
    of this announcement.

    Candover's investment portfolio was last valued as of 31 December 2016, with a
    net asset value per share of 163p.  The next valuation of the Company's assets
    will be conducted as of 30 June 2017.  Over the course of the first quarter of
    2017, the net effect of currency movements on the NAV has been neutral.

    In early January, Candover announced a further partial realisation of its
    investment in Parques Reunidos ('Parques') by Arle Capital Partners Limited
    ('Arle').  This realisation followed a first partial realisation completed at
    the time of the initial public offering of Parques in April 2016. Candover
    disposed of 26% of its interest in Parques for cash proceeds of approximately €
    9.9 million (£8.4 million) with the remaining interest in Parques valued at €32
    million (£27.6 million) at the closing price of Parques on 19 May 2017. 
    Candover's interest in Parques was valued at £35.3 million in its audited
    accounts for the year ended 31 December 2016.

    Candover also announced in January the realisation of its remaining investment
    in Technogym S.p.A ('Technogym') by Arle.  The realisation followed the partial
    realisation completed at the time of the initial public offering of Technogym
    in April 2016. Candover has disposed of the balance of its interest in
    Technogym for cash proceeds of approximately €9.5 million (£8.3 million).
    Candover's interest in Technogym was valued at £8.2 million in its audited
    accounts for the year ended 31 December 2016.

    Arle has also completed the disposal of Candover's interest in Hlding Anders
    for approximately €1.9 million (£1.6 million) with proceeds anticipated prior
    to the end of June.  The valuation of the interest in Hilding Anders was £1.6
    million at 31 December 2016.

    After discussion with its debt provider, Candover repaid its outstanding debt
    facility early, reducing the anticipated cost of repayment by €918,000 (£
    778,000).

    Following the termination of the Candover 2005 and 2008 Funds at the end of the
    March 2017, Arle no longer acts as the Company's investment manager. Candover
    is now self-managing its remaining investments, including the 2.4% direct
    interest in Parques that the Company received as a distribution in specie when
    the 2005 Fund terminated. Parques' results for the six months to 31 March 2017
    are expected to be announced on 7 June 2017.

    Ends.

    * Candover means Candover Investments plc and/or one or more of its
    subsidiaries

    For further information, please contact:

    Candover Investments plc

    Malcolm Fallen, CEO     +44 20 7489 9848