NOT FOR RELEASE, DISTRIBUTION OR PUBLICATION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, TO ANY US PERSONS OR INTO THE UNITED STATES, AUSTRALIA, CANADA, SOUTH AFRICA OR JAPAN, OR ANY OTHER JURISDICTION, OR TO ANY PERSON, WHERE DOING SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION.

28 January 2026

THE CONYGAR INVESTMENT COMPANY PLC (THE "COMPANY")

CONYGAR ZDP PLC (THE "ISSUER")

ZDP Share Acquisition Programme Update and Completion

Further to the Company's announcement of 22 January 2026 regarding the commencement of a Programme to acquire ZDP Shares up to a maximum aggregate consideration of £2,500,000, the Company announces that, in response to demand, it has increased the maximum aggregate consideration to £3,000,000 and subsequently purchased 2,457,684 ZDP Shares at a price of £1.221 per ZDP Share, being the Accrued Capital Entitlement of each ZDP Share as at the date of purchase. The Programme is now complete in accordance with its terms. The purchases under the Programme were executed by Panmure Liberum Limited acting as riskless principal.

Following the transaction, the Company holds, in aggregate, 12,457,684 ZDP Shares.

Capitalised terms used but not defined in this announcement have the meaning given to them in the Company's announcement dated 22 January 2026.

Enquiries:

The Conygar Investment Company PLC

Robert Ware / David Baldwin: 020 7258 8670 

Panmure Liberum (Nominated Adviser and Broker)

Chris Clarke / Jamie Richards: 020 3100 2185

Temple Bar Advisory (Public Relations)

Alex Child-Villiers: 07795 425580

Sam Livingstone: 07769 655437