Acquisition

Conygar Investment Company PLC(The)
31 March 2008



31 March 2008

                       THE CONYGAR INVESTMENT COMPANY PLC

            ACQUISITION OF MINORITY INTEREST AND ADDITIONAL LISTING


The Board of The Conygar Investment Company PLC ('Conygar') is pleased to
announce that today it exchanged contracts to purchase the 33.33% of Martello
Quays Limited ('Martello') that it does not already own.

The total consideration for the acquisition is £3,172,500 which will be paid as
to £600,000 in cash and the balance through the issue to the vendors of
1,500,000 new ordinary shares in Conygar at a price of 171.5 pence per share.
The contracts are conditional upon the new shares being admitted to trading on
AIM.

Following completion, Conygar will now own 100% of Martello which is the
developer of Pembroke Dock Waterfront.  This waterfront development is expected
to create a 260 berth marina, 146 houses, 304 apartments with associated leisure
and retail facilities and an end value in excess of £100 million.  Planning
approval for the development was obtained on 21 February 2008 and the project
has moved to the detailed legal and planning phase.

Application has been made for the 1,500,000 new ordinary shares allotted
pursuant to the above transaction to be admitted to trading on AIM.  These
shares will rank pari passu in all respects with the existing ordinary shares
and admission is expected to become effective on 4 April 2008.





For further information please contact:

The Conygar Investment Company PLC
Robert Ware / Peter Batchelor - 020 7408 2322

Oriel Securities Limited (Nominated Adviser)
Malcolm Strang / Michael Shaw - 020 7710 7600



The directors of Conygar accept responsibility for the information contained in
this announcement. To the best of the knowledge and belief of the directors of
Conygar (who have taken all reasonable care to ensure that such is the case) the
information contained in this announcement is in accordance with the facts and
does not omit anything likely to affect the import of such information.




                      This information is provided by RNS
            The company news service from the London Stock Exchange