Asset Manager's Update

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

    Property Sales                   

    Further to the Company's announcement on 21 December 2015, the Group has sold a
    further two properties at a sales price of €482,676 (after deducting all sales
    commission and tax).  The funds received from these sales (before deducting
    agency fees) were slightly in excess of the balance sheet value of these
    properties.

    The Company's annualised income (including rent) is currently around €243,000.

    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