Conditional Disposal (3083R)

TIDMCIC

RNS Number : 3083R

Conygar Investment Company PLC(The)

02 November 2011

2 November 2011

THE CONYGAR INVESTMENT COMPANY PLC

CONDITIONAL DISPOSAL TO SAINSBURY'S AT HAVERFORDWEST

The Conygar Investment Company PLC ("Conygar") is pleased to announce that contracts have been exchanged with Sainsbury's for the sale of 9 acres for a supermarket on our 93 acre development site at Haverfordwest, Pembrokeshire, subject to the obtaining of a suitable planning consent. Conygar intends to submit a planning application early next year for a retail food store comprising 60,000 square feet of sales floor space, restaurant, 500 space car park and filling station.

The planned application will also include design proposals for circa 800 residential plots on the site including much needed affordable housing.

We believe that the potential arrival of Sainsbury's, a quality food retailer, will widen the offer in the locality. An exhibition of the joint proposal will be held on 18 and 19 November 2011 to gain input from local people which could be included in the application. We will be reporting further on this project in due course.

Robert Ware, Chief Executive of Conygar, commented:

"We are delighted to be working with Sainsbury's to present these plans for Haverfordwest. We believe that the proposal for housing and the Sainsbury's store can work well together and should bring considerable benefits for the community."

Enquiries:

The Conygar Investment Company PLC

Robert Ware: 020 7258 8670

Peter Batchelor: 020 7258 8670

Oriel Securities Limited (Nominated Adviser and Broker)

Michael Shaw: 020 7710 7600

Neil Langford: 020 7710 7600

Temple Bar Advisory (Public Relations)

Alex Child-Villiers: 07795 425580

This information is provided by RNS

The company news service from the London Stock Exchange

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