Candover sells Wood Mackenzie                                                  

Candover Investments plc ("Candover") announces that its wholly owned
subsidiary, Candover Partners Limited, has today agreed the sale of Wood
Mackenzie, to Charterhouse Capital Partners for an enterprise value of £553
million.

The sale will generate proceeds of £36.2 million in total for Candover.  This
comprises cash proceeds now of £19.6 million, with the potential for further
proceeds of £1.9 million under a deferred consideration scheme; and an
additional cash payment of £16.7 million as a result of the crystallisation of
carried interest payments from the Candover 2001 Fund.  As a consequence,
Candover Investments will revalue its carried interest entitlements.  An update
on the impact of this on net asset value will be given with the 2009 half year
results, due to be announced on Friday August 21st. Candover's 2008 year-end
valuation of Wood Mackenzie was £20.5 million (9.2% of net asset value).

The Candover 2001 Fund, managed by Candover Partners, first invested in Wood
Mackenzie in 2005 in order to facilitate its growth plans and became the
majority shareholder in 2007 in a follow-on transaction. Including proceeds
from earlier refinancings, Wood Mackenzie has generated an IRR of 56%, prior to
any further proceeds. The 2001 Fund has now fully realised eight out of its 16
investments, resulting in a realised multiple of 3.0 times and an IRR of 47% to
date.

Gerry Grimstone, Chairman of Candover said:

"Candover's stabilisation programme continues to make progress. The proceeds
from this sale bolster our cash reserves and the crystallisation of the carried
interest bodes well for incremental cash flow as and when the 2001 Fund
achieves more realisations."

Ends.

For further information, please contact:                                       
                                                                               
Candover                                +44 20 7489 9848                                    
Ian Gray                                                                       
Brian Mercer                                                                   
                                                                               
Tulchan                                 +44 20 7353 4200                       
Susanna Voyle                                                                  
Peter Hewer                                                                    

Note to editors:

Wood Mackenzie is a leading provider of research and consulting services to the
global energy industry covering the upstream oil and gas, oil refining and
downstream, gas and power generation and coal sectors in 93 countries. Its
clients include virtually every major company in the global energy industry, as
well as governments and government agencies across the globe. In 2008, Wood
Mackenzie extended its consulting and research activities into mining and
metals via the acquisition of Brook Hunt. Wood Mackenzie currently employs
around 600 staff, making it one of the largest energy research and consulting
companies in the world. Wood Mackenzie achieved sales of £97 million and
profits of £38 million in 2008, compared to prior year figures of £78 million
and £29 million.