5 May 2023

The Conygar Investment Company PLC (The "Company")

Extension of ZDP Timetable

The Conygar Investment Company PLC, the property investment and development group, announces that, further to the publication of the its prospectus on 31 March 2023 (the "Prospectus") in order to facilitate participation in the Issue by a broader range of investors, the timetable for the Issue is to be extended such that the latest time and date for receipt of commitments under the Placing and Offer for Subscription will be 11.00 a.m. on 19 May 2023.

Expected timetable:

Capitalised terms used and not defined in this announcement bear the meanings given to them in the Prospectus.

Enquiries:

IMPORTANT NOTICE

Liberum, which is a member of the London Stock Exchange, is authorised and regulated in the UK by the FCA and is acting exclusively for ZDPCo and the Company in connection with the Issue, Admission and any other matter referred to in this announcement. Liberum will not regard any other person as its client in relation to the Issue, Admission or any other transaction or arrangement referred to in this announcement and will not be responsible to anyone other than ZDPCo and the Company for providing the protections afforded to its clients or for providing any advice in relation to the Issue, Admission or any other transaction or arrangement referred to in this announcement.

Apart from the responsibilities and liabilities, if any, which may be imposed on Liberum by FSMA or the regulatory regime established thereunder, Liberum does not make any representation, express or implied, in relation to, nor accepts any responsibility whatsoever for, the contents of this announcement or any other statement made or purported to be made by it or on its behalf in connection with ZDPCo, the Company, the ZDP Shares, the Issue, Admission or any other transaction or arrangement referred to in this announcement, and nothing in this announcement is or shall be relied upon as a promise or representation in this respect, whether as to the past or future. Liberum and its affiliates accordingly, to the fullest extent permissible by law, disclaim all and any responsibility or liability (save for any statutory liability) whether arising in tort, contract or otherwise which it or they might otherwise have to any person, other than ZDPCo and the Company, in respect of this announcement or any such statement.

The ZDP Shares have not been, and will not be, registered under the U.S. Securities Act of 1933, as amended (the "Securities Act"), or under any securities laws of any state or other jurisdiction of the United States and may not be offered, sold, resold, transferred or delivered, directly or indirectly, in or into the United States or to or for the account or benefit of any U.S. person (within the meaning of Regulation S under the Securities Act) except pursuant to an applicable exemption from, or a transaction not subject to, the registration requirements of the Securities Act and in compliance with the securities laws of any state or other jurisdiction of the United States. ZDPCo has not been, and will not be, registered under the U.S. Investment Company Act of 1940, as amended. No public offering of securities is being made in the United States.

Relevant clearances have not been, and will not be, obtained from the securities commission (or equivalent) of any province of Canada, Australia, New Zealand, the Republic of South Africa, Japan, any member state of the European Economic Area or any other jurisdiction where local law or regulations may result in a risk of civil, regulatory, or criminal exposure or prosecution if information or documentation concerning the Issue and/or Admission and/or this announcement is sent or made available to a person in that jurisdiction (each a "Restricted Jurisdiction") and accordingly, unless an exemption under any relevant legislation or regulations is applicable, none of the ZDP Shares may be offered, sold, renounced, transferred or delivered, directly or indirectly, in any Restricted Jurisdiction.

This announcement does not constitute, and may not be construed as, an offer to sell or a solicitation of an offer to buy or subscribe for ZDP Shares in any jurisdiction including, without limitation, the United States and any Restricted Jurisdiction. No information set out in this announcement is intended to form the basis of any contract of sale, investment decision or any decision to purchase ZDP Shares.

The Unregulated Collective Investment Schemes and Close Substitutes Instrument 2013 (the "NMPI Regulations") extend the application of the existing UK regime restricting the promotion of unregulated collective investment schemes by FCA authorised persons (such as independent financial advisers) to other "non-mainstream pooled investments" ("NMPIs"). Consequently, financial advisers, including authorised independent financial advisers, are restricted from promoting NMPIs to retail investors who do not meet certain high net worth tests or who cannot be treated as sophisticated investors. ZDPCo is an NMPI for the purposes of the NMPI Regulations. Accordingly, the promotion of the ZDP Shares (other than the publication and distribution of a prospectus which is exempt from the NMPI Regulations) to retail investors will be restricted.

None of ZDPCo, the Company, Liberum or any of their respective affiliates accepts any responsibility or liability whatsoever for, or makes or gives any representation, warranty, undertaking or other assurance, express or implied, as to this announcement, including the truth, accuracy or completeness of the information in this announcement (or whether any information has been omitted from this announcement) or any other information relating to ZDPCo, the Company, the ZDP Shares, the Issue and/or Admission, whether written, oral or in a visual or electronic form, and howsoever transmitted or made available or for any loss howsoever arising from any use of this announcement or its content or otherwise arising in connection therewith. ZDPCo, the Company, Liberum and their respective affiliates accordingly disclaim all and any liability whether arising in tort, contract or otherwise which they might otherwise have in respect of this announcement or its content or otherwise arising in connection therewith.

The information contained in this announcement is for information purposes only and does not purport to be full or complete. The information contained in this announcement is given at the date of its publication (unless otherwise marked) and is subject to updating, revision and amendment from time to time. No reliance may be placed for any purpose on the information contained in this announcement or its accuracy, fairness or completeness. Recipients of this announcement who are considering acquiring ZDP Shares following publication of the Prospectus are reminded that any such acquisition must be made only on the basis of the information contained in the Prospectus. Acquiring ZDP Shares may expose an investor to a significant risk of losing all of the amount invested. The value of shares is not guaranteed and can fall as well as rise. If you sell your investment you may get back less than you originally invested. Potential investors should consult an authorised person as to the suitability of a possible offer for the person concerned.

This announcement contains statements that are, or may be deemed to be, "forward-looking statements" with respect to certain of ZDPCo's and/or the Company's current expectations and projections about future events and the Group's future financial condition and performance. These forward-looking statements can sometimes be identified by the use of forward-looking terminology, including the terms "believes", "estimates", "anticipates", "forecasts", "projects", "expects", "intends", "may", "will" or "should" or, in each case, their negative or other variations or comparable terminology. These forward-looking statements include all matters that are not historical facts. Any forward-looking statements in this announcement reflect the current beliefs and expectations of the directors of ZDPCo and of the Company and involve known and unknown risks, uncertainties and assumptions, many of which are outside ZDPCo's and the Company's control and difficult to predict, that could cause actual results and performance to differ materially from any expected future results or performance expressed or implied by the forward-looking statements. Given these uncertainties, prospective investors are cautioned not to place any undue reliance on such forward-looking statements.

Any information in this announcement in respect of past performance (including without limitation past performance of the Company, the Group, shares in the Company and/or the Group's portfolio) cannot be relied upon as a guide to future performance.

Subject to their respective legal and regulatory obligations (including under the Prospectus Regulation Rules made by the FCA under Part VI of FSMA), ZDPCo, the Company and Liberum expressly disclaim any obligations or undertaking to update or revise publicly or review any of the information contained in this announcement, whether as a result of new information, future events or otherwise, unless required to do so by law or any appropriate regulatory authority, including FSMA, the Listing Rules made by the FCA under Part VI of FSMA, the Disclosure Guidance and Transparency Rules made by the FCA under Part VI of FSMA, the UK version of Regulation (EU) 2017/1129 of the European Parliament and of the Council of 14 June 2017 on the prospectus to be published when securities are offered to the public or admitted to trading on a regulated market which is part of UK law by virtue of the European Union (Withdrawal) Act 2018, as amended by The Prospectus (Amendment, etc) (EU Exit) Regulations 2019 and MAR.