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 5 October 2015, the Group has sold a
    further three properties at a sales price of €843,029 (after deducting all
    sales commission and tax).  The funds received from these sales (before
    deducting agency fees) were €43,159 less than the balance sheet value of these
    properties.

    €284,492 of the sales proceeds have been applied against the loan to the
    Company from M & M Investment Company plc.

    The loan owing to M & M Investment Company plc (and any associates) has now
    been repaid in full.

    The Company's annualised income (including rent) is currently around €445,000.

    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