7 January 2014

Ashley House plc (the "Company") Progress update & Posting of Interim report

Ashley House plc, the health and community care property partner is pleased to announce that the LIFT scheme at Eltham, where the Company has acted as Development Partner to the Bromley Bexley and Greenwich LIFT company, has reached financial close. This has provided a significant cash inflow into the business with payment of the Company's fees.
The scheme in Eltham is a Community Hospital that will house two GP practices serving the needs of almost 16,000 patients. There will be a GP walk-in service and diagnostic suites that will give GPs and other health professionals access to equipment including ECG, non-obstetric ultrasound, echocardiogram and x-ray. There will be 40 intermediary care beds, out-patient consulting rooms with the capacity to treat around 32,000 people per year, as well as a minor surgery suite to deliver up to 1,500 low complexity procedures per year. A variety of community
services will also be relocated to the hospital, such as