Ace Liberty and Stone Plc

(''Ace'' or "the Company'')

Property Transactions

Ace Liberty and Stone Plc (NEX: ALSP), the active property investment company, capitalising on commercial property investment opportunities across the UK, is pleased to announce that the Company has completed the purchase of Grosvenor Casino, 35a - 39a George Street, Manchester for £4,000,000. The property is let to Grosvenor Casinos Limited, a subsidiary of the Rank Organisation, at an annual rental of £300,000.

The Company has also purchased the entire share capital of Lantana Properties Limited, a company registered in the British Virgin Islands and a single purpose vehicle which is the owner of Willow House, 23 Grosvenor Road, Aldershot for £1,050,000.

These purchases continue Ace's policy of expansion of the portfolio by purchase of quality commercial properties.

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For more information on the Company please visit www.acelibertyandstone.com