European Convergence Develop. CoPLC

9 October 2012

EUROPEAN CONVERGENCE DEVELOPMENT COMPANY PLC

Purchase of own shares for cancellation

European Convergence Development Company PLC ("ECDC" or "the Company")announces that on Tuesday 09 October 2012 it purchased for cancellation 250,000 Ordinary Shares in the Company through Panmure Gordon at a price, before expenses, of EUR 0.0325.

As a result of these purchases and cancellations, ECDC will have 90,265,470 Ordinary Shares of EUR 0.80 each in issue.

Enquiries:

European Convergence Development Company plc

+44 (0)1624 640200

Anderson Whamond




Charlemagne Capital

+44 (0)207 518 2100

Varda Lotan




Galileo Fund Services Limited

+44 (0)1624 692600

Ian Dungate, Company Secretary




Panmure Gordon

+44 (0)207 886 2500

Hugh Morgan


Grishma Patel




Smithfield Consultants

+44 (0)20 7360 4900

John Kiely


Ged Brumby


Website: www.europeanconvergencedevelopment.com


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