Asset Manager's Update - Loan Facility                  

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

    Loan Facility & Property Sale                   

    Further to the Company's announcement on 16 September 2015, the Group has sold
    a further property.

    The debt owing to M&M Investment Company Plc ("MMIC") has been reduced by a
    further €281,355 being the actual cash received (following all sales commission
    and tax).

    The balance now outstanding to MMIC is €261,174.

    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