Ace Liberty and Stone Plc

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

Issue of Ordinary Shares, Convertible Notes and Warrants

The directors of Ace Liberty and Stone Plc (NEX: ALSP), the active property investment company, capitalising on commercial property investment opportunities across the UK, wish to amplify the announcement dated 29 January.

The Open Offer was in respect of convertible loan notes to a value of £4,850,000.

Applications supported by cash subscriptions were received to a value of £4,763,700. In addition the holder of a short term loan note for £500,000 repayable in full on 16 April 2018 has requested, and been permitted, to convert to the same terms as the Open Offer Convertible Loan Notes and Warrants.

As a result, Convertible Notes totalling £5,263,700 have been issued. The Company has also issued a total of 5,263,700 warrants to subscribers of the Convertible Notes to acquire Ordinary Shares at an exercise price of GBP0.80 per Ordinary Share. The Warrants lapse after three years.

The Convertible Loan Notes have a two-year expiry and interest is payable at 5% per annum. If all the Convertible Loan Notes are converted into shares at the end of the two year term then 526,370 Ordinary Shares will be issued in respect of interest on the principal and 5,263,700 Ordinary Shares will issued in respect of the principal.

In the event that all Convertible Notes were converted into Ordinary Shares and all Warrants were exercised, the New Ordinary Shares, including shares issued in respect of interest as outline above, will represent approximately 22 per cent. of the Enlarged Share Capital.

Finally, 127,911 Ordinary Shares have been issued in respect of arrangement fees and a further 41,667 Ordinary Shares were issued to the holder of the short term loan note of £500,000 in lieu of interest payments. As a result, the total number of issued shares and the total number of voting rights in the Company is therefore 40,254,202. The total issued share capital is £10,063,551.

The above figure of 40,254,202 should be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the Financial Conduct Authority's Disclosure and Transparency Rules.

The Directors accept responsibility for this announcement.

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Notes to Editors

Ace Liberty & Stone Plc is a London-based property investment company with a diverse portfolio of properties located across the UK, currently including Leeds, Sunderland, Plymouth, Dudley, Gateshead, Barnstaple, and London. The Company locates commercial and residential properties which have the potential for an increase in value through creative asset management activity, such as change of tenancy, change of use or new lease negotiation.  Ace has maintained a track record of generating strong profits at disposal of properties and achieving better-than average returns on capital. With strong support from shareholders and mortgage lenders, the Company is currently seeking further investment opportunities in the UK to create value for existing and new investors.

Ace is run by a board with extensive property experience, an excellent network of contacts and relevant professional qualifications. This sector expertise has allowed the Board to identify opportunities and act promptly to secure investments.

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