Asset Manager's Update

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

    Property Sales                   

    Further to the Company's announcement on 26 February 2016, the Group has sold a
    further property at a sales price of €225,000 (before deducting all sales
    commission and tax) which is 2.8 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