M&L Property & Assets Plc                           

                                    (the "Company")                                

                      Resignation of nominated adviser and broker                  

    The Board of the Company announces that Cairn Financial Advisers LLP has
    resigned as nominated adviser and broker to the Company with immediate effect.

    The Company's shares were suspended from trading on AIM on 23 February 2016.

    The Company's shares will continue to be suspended from trading on AIM.  In the
    event that a new nominated adviser is not appointed within one calendar month
    then the trading in the Company's shares on AIM will be cancelled pursuant to
    Rule 1 of the AIM Rules for Companies.

    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