PHU M&L Property

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