3 January 2017

                                   Clear Leisure plc                               
                    ("Clear Leisure", "the Group" or "the Company")                

                          Result of the Bond Holders Meeting                       

    Clear Leisure is pleased to announce that at the meeting of bondholders held on
    30 December 2016, at the Company's registered office at 22 Great James Street,
    London WC1N 3ES, to vote on its EUR 9.9 million Bond (the "Bonds"), due 15
    December 2017, all the resolutions were passed. Under the new terms of the
    Bonds the final maturity date is 15 December 2018 and the interest has been
    reduced from 7% to 1%.

    Based on the EUR 6.9 million of Bonds in issue today, the Company will achieve
    an interest saving of EUR 792,000 (£671,000).

    Eufingest is the beneficial holder of more than 10 per cent of the ordinary
    share capital of the Company and, together with its related parties, is a
    substantial holder of the Bonds.  Eufingest is a "related party" for the
    purposes of the AIM Rules.  The Directors of the Company (each of whom is
    independent from Eufingest), having consulted with the Company's NOMAD,
    consider the alteration of terms to be fair and reasonable insofar as
    shareholders are concerned.

    Francesco Gardin, the CEO and Chairman of the Company commented: "I am pleased
    to announce we have completed the restructuring of the Bond interest and
    maturity date, allowing Clear Leisure to materially reduce the cost of its debt
    instrument and extended its maturity."

                                        -ends-                                     

    For further information please contact:

    Clear Leisure plc                                +39 335 296573               
    Francesco Gardin, CEO and Executive Chairman                                  
                                                                                  
    ZAI Corporate Finance (Nominated Adviser)        +44 (0)20 7060 2220          
    Tim Cofman/Jamie Spotswood/Peter Trevelyan-Clark                              
                                                                                  
    Peterhouse Corporate Finance (Joint Broker)      +44 (0) 20 7469 0935         
    Lucy Williams / Heena Karani                                                  
                                                                                  
    Cadogan Leander (Financial PR)                   +44 (0) 7795 168 157         
    Christian Taylor-Wilkinson                                                    

    About Clear Leisure Plc

    Clear Leisure plc (AIM: CLP) is an AIM listed investment company with a
    portfolio of companies primarily encompassing the leisure and real estate
    sectors mainly in Italy. The Company may be either a passive or active investor
    and Clear Leisure's investment rationale ranges from acquiring minority
    positions with strategic influence through to larger controlling positions. For
    further information, please visit, www.clearleisure.com