Notification to a Regulatory Information Service

Quarterly Disclosure of 10 Largest Investments / Investments with a Value
Greater than 5% of Gross Assets

In accordance with revisions to the Listing Rules for investment companies and
investment trusts which are effective as from 1 November 2003, Candover
Investments plc (the "Group") intends to provide details of the 10 largest
investments and all investments with a value greater than 5% by value of the
gross assets of the Group in respect of the quarters ending 31 December, 31
March, 30 June and 30 September.

The disclosure will be made using the valuations and consolidated gross assets
from the most recent set of audited annual accounts or reviewed interim
accounts (31 December and 30 June respectively), with adjustments made in
respect of the cost of investments made and realisations since those dates.

On the above basis, as at 31 December 2003 the following investments have a
value greater than 5% of the gross assets of the Group or are its 10 largest
investments:

Kluwer Academic Publishers

Gala Group Limited

Ontex NV

Inveresk Research Group Inc.

Clondalkin Group Holdings Limited

Baxi Group Limited

Picard Surgeles S.A.

SWT (Lux) S.A. (Swissport)

Pandrol Limited

ICG Mezzanine Fund 2000

Ends



END