For immediate release

24 May 2022

THE CONYGAR INVESTMENT COMPANY PLC

RESOLUTION TO GRANT PLANNING AT THE ISLAND QUARTER

The Conygar Investment Company PLC ("Conygar") is pleased to announce that Nottingham City Council has passed a resolution to grant planning for the next phase of The Island Quarter.

This phase of the development comprises 247 BTR apartments, 223 hotel rooms, 400 co-working desks as well as a food and beverage provision.

Robert Ware, Chief Executive, commented: "We are delighted that the Council have approved the plans for the next phase of our exciting project in Nottingham. This builds on our success in achieving permission for the student accommodation and the soon-to-open venue at Canal Turn".

Enquiries:

The Conygar Investment Company PLC

Robert Ware / Christopher Ware: 020 7258 8670

Liberum Capital Limited (Nominated Adviser and Broker)

Richard Lindley / Jamie Richards: 020 3100 2222

Temple Bar Advisory (Public Relations)

Alex Child-Villiers: 07795 425580

Will Barker: 07827 960151

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulation (EU) No. 596/2014 as amended by The Market Abuse (Amendment) (EU Exit) Regulations 2019. Upon the publication of this announcement via the Regulatory Information Service, this inside information is now considered to be in the public domain.