Convertible Loan Facility

RNS Number:0787T
Conival plc
25 April 2008




Conival plc ("Conival" or "the Company")

Convertible Loan Facility

25 April 2008


Conival plc ("Conival" or "the Company", AIM: CVL), the specialist branded food
company, is pleased to announce that it has entered into an, assignable,
convertible loan facility ("the Convertible Loan Facility") with Corvus Capital
Inc ("Corvus" or the "Lender"), a shareholder in the Company to convert a
previously advanced loan of £1,075,000.

Under the terms of the Convertible Loan Facility, Corvus may, at its sole
discretion, convert the loan into new Conival ordinary shares of 0.5p each at
par.  Corvus may at any time assign or transfer all or any of its rights and
obligations under the Convertible Loan Facility and if it does not elect to
convert the loan by 31 December 2008, the loan together with any interest
accrued, at 2 per cent per annum, will thereafter be repayable on demand.

An Extraordinary General Meeting ("EGM") will be held at Fladgate LLP, 25 North
Row, London W1K 6DJ on 28th April 2008 at 9.30a.m. to consider a special
resolution seeking the approval by shareholders to increase the Company's
authority to allot shares to both capitalise the loan and to raise funds for
working capital.

A notice of the EGM has been sent to shareholders and a copy is available, free
of charge, from the Company's registered office and from the Company's website
at www.conival.com.



Enquiries:

Conival Plc

Jeremy Schwartz, Chief Executive                        0870 389 6999

John Bick                                               07917 649 362
W.H. Ireland

Tim Cofman/Nicola Rayner                                0121 265 6330



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