Asset Manager's Update - Loan Facility                  

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

    Loan Facility & Property Sale                   

    Further to the Company's announcement on 2 September 2015, the Group has sold a
    further property.

    The debt owing to M&M Investment Company Plc ("MMIC") has been reduced by a
    further €118,025 being the actual cash received (following all sales commission
    and tax).

    The balance now outstanding to MMIC is €542,529.

    For further information, please contact:

    Asset Manager:
    Midas Investment Management Limited
    Tel: +44 (0) 161 228 1709

    Nominated Adviser:
    Liam Murray/Jo Turner
    Cairn Financial Advisers LLP
    Tel: +44 (0) 20 7148 7900