Press release                                                                  
                                                                               
Candover Investments plc - AGM statement highlights                            

Candover Investments plc ("Candover" or "the Company") is hosting its Annual
General Meeting at midday today. At the meeting, Gerry Grimstone, Chairman,
will highlight the following:

  * The Board of Candover continues with its review of all strategic options
    with the aim of achieving financial stability for Candover.
   
  * Candover's current challenges are managing the impact of the sharp fall in
    the value of its assets at the end of 2008 and ensuring the Company has
    sufficient cash and liquidity to fund its ongoing operations including its
    commitments to the Funds raised by Candover Partners
   
  * NAV declined by more than 50% in 2008 to £224 million or 1026p per share
    compared to £451 million or 2065p per share in 2007. Candover's investments
    are valued against quoted company multiples and the significant falls in
    these quoted multiples during 2008 resulted in downward portfolio
    valuations.
   
  * Candover has relied on the realisation of investments to fund its future
    commitments. In 2008, realisations were £47 million, down from £162 million
    in 2007 as a global lack of liquidity affected the ability of buyers to
    acquire companies. The lack of realisations adversely impacted Candover's
    cash resources.
   
  * There is an outstanding commitment of £90 million to the Candover 2005 Fund
    to fund follow-on investments or to strengthen the capital positions of the
    portfolio companies. Ensuring that Candover remains able to fund this
    commitment, whilst ensuring compliance with bond covenants, is an important
    priority.
   
  * The 2008 Fund has been suspended for up to six months from 6th April, 2009
    and its future depends on, amongst other things, the outcome of discussions
    between Candover Partners and the Fund's Limited Partners.
   
  * As part of the strategic review, several expressions of interest covering a
    number of options have been received. These options range from proposals to
    acquire the Company for either cash or a mixture of cash and shares through
    to proposals for third parties to acquire a minority stake in the Company.
    The value to shareholders from any of these options is subject to due
    diligence,remains highly uncertain and no reliance should be placed on any
    particular outcome.
   
Gerry Grimstone, Chairman of Candover Investments said :

"We are facing a particularly complex situation because of Candover
Investments' responsibilities to its shareholders and bondholders, and Candover
Partners' responsibilities towards the investors in its Funds. Your Board is
clearly focused on ensuring that we work through these complexities to find a
solution that is in the best interests of all the various stakeholders.
Preserving the value in our existing funds, including Candover's share of the
carried interest in those funds, is our top priority. We continue to believe
that there is considerable value within many of our portfolio companies and
that this will be realised significantly above the current valuations once
global economies recover"

Commenting on the portfolio, Marek Gumienny, Managing Director of Candover
Partners Limited said:

"Over 60% per cent of our portfolio of 18 companies are trading above budget in
Q1 2009 and ahead of prior year, after adjusting for seasonal factors such as
Easter as well as currency fluctuations. Of the balance, three businesses have
covenant issues which we are working closely with management and lenders to
solve in a consensual fashion, and we did not ascribe any value to these
investments in our year end accounts. All of our focus today is on preserving
value in our portfolio companies"

Ends

The full text of the AGM statement will be available at 
www.candoverinvestments.com/investor-info/agm later today.

For further information, please contact:                                       
                                                                               
Tulchan                                 +44 20 7353 4200                       
                                                                               
Susanna Voyle/Peter Hewer