M&L Property & Assets plc                           

                    ("M&L Property & Assets plc" or the "Company")                 

                                  De-listing from AIM                              

    On 29th February 2016, M&L Property & Assets plc (AIM: PHU) announced that the
    resignation of the Company's Nominated Adviser (the "Nomad") had become
    effective and, as a result, pursuant to AIM Rule 1, the Company's shares would
    remain suspended from trading on AIM until a new Nomad had been appointed. 

    The Company has not been able to reach an agreement for the appointment of a
    replacement Nomad and, as a consequence, the admission of the Company's
    ordinary shares to trading on AIM is expected to be cancelled at 7.00 a.m.
    on 31st March 2016. 

    As a result of the Company de-listing, M&L Property & Assets plc will no longer
    be able to release announcements via an RNS, and therefore the Company will
    provide updates via its website (www.mandlpaplc.com) as appropriate.

    Shareholders who wish to be e-mailed updates directly should provide their
    email address to us at info@mlcapman.com.

    For further information, please contact:

    The Directors:
    Barry Smith
    Tel: +44 1624 699000

    Asset Manager:
    M & L Capital Management Limited
    Tel: +44 (0)20 7584 5733