Asset Manager's Update

    M&L Property & Assets Plc (the "Company" or "Group")       

    Property Sale                     

    Further to the Company's announcement on 3 February 2016, the Group has sold a
    further property at a sales price of €255,000 (before deducting all sales
    commission and tax) which is 6.5 per cent below the property's value in the
    accounts.  The funds from this sale have been received in the group's bank
    account.

    For further information, please contact:

    Asset Manager:

    M & L Capital Management Limited

    Tel: +44 (0) 20 7584 5733

    Nominated Adviser:

    Liam Murray/Jo Turner

    Cairn Financial Advisers LLP

    Tel: +44 (0) 20 7148 7900