M&L Property & Assets Plc                     

    Asset Manager's Update - Loan Facility                    

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

    Loan Facility & Property Sales                     

    Further to the Company's announcement on 30 April 2015, the Group has sold a
    further three properties.   The funds received from these sales before agency
    fees were not materially less than the balance sheet value of these properties.

    The debt owing to M&M Investment Company Plc ("MMIC") has been reduced by a
    further €579,228 being the actual cash received (following all sales commission
    and tax). 

    The balance now outstanding to MMIC is currently €897,064.

    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