19 October 2011

The Conygar Investment Company PLC (“Conygar”), in conjunction with Stena Line Ports
Limited (“Stena Line”), is pleased to announce that it is submitting this week a planning
application to Pembrokeshire County Council for a mixed-use marina development at
Goodwick, Fishguard in West Wales.

The main elements of the scheme include a 450 berth marina with workshops, stores and
ancillary facilities; 253 new residential apartments incorporating extensive landscaped
gardens and a 19 acre platform for the potential expansion of the existing Stena Line port.
The scheme would also create a new, publicly-accessible promenade and waterfront, together
with visitor parking.

Both Conygar and Stena Line believe that this exciting regeneration scheme will be a major
boost to the economy of the area, creating an exciting visitor destination together with much
needed employment opportunities. The granting of a planning consent will allow for a reconfiguration
and expansion of the port facilities to deliver further economic and commercial
benefits and reaffirm the Stena Line commitment to ensuring Fishguard remains a thriving
port. The end value of the development is expected to be in excess of £100 million.
The Crown Estate, owners of the sea bed, and Pembrokeshire County Council who own much
of the surrounding harbour area, have welcomed the proposals and Neil Jacobson, Head of
Coastal Operations, said:

“The proposed redevelopment would bring considerable long-term economic benefit to the
area and we are pleased that this exciting proposal has been submitted to the County Council
for consideration.”

Robert Ware, Chief Executive of Conygar, commented:

“We are delighted to be working closely with Stena Line and extremely pleased by the
support shown by both The Crown Estate and Pembrokeshire County Council. This exciting
proposal will transform the area and bring significant benefits to the town and region as a
whole. Clearly we expect a complex scheme of this nature to receive considerable scrutiny
and the forthcoming planning process will undoubtedly result in a comprehensive assessment
of the proposals, but we are hopeful the scheme will receive the backing we believe it
deserves.”

Michael McGrath, Stena Line Area Director, Irish Sea commented:

“We look forward to working with all the relevant parties concerned to move these projects
forward which are critical to our business and the local economy.”

Councillor John Davies, Leader of Pembrokeshire County Council said:

“The operation of Fishguard Harbour is central to the economy of the whole of the north of
Pembrokeshire. There is no doubt that development is needed in order to secure the future of
the ferryport and to provide and sustain jobs for the area. We look forward to receiving the
proposals from Conygar and Stena. It is heartening that in these difficult financial times,
major companies of this sort have sufficient confidence in Pembrokeshire to come forward
with this sort of investment.”

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