Ace Liberty & Stone - Open Offer Amendment

THE INFORMATION CONTAINED IN THIS ANNOUNCEMENT IS INSIDE INFORMATION FOR

THE PURPOSES OF ARTICLE 7 OF REGULATION 596/2014

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Ace Liberty and Stone plc

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

Proposed Open Offer of up to 18,238,835 New Ordinary Shares at 25 pence per share

Ace Liberty and Stone Plc (AQSE: ALSP), the active property investment company capitalising on commercial property investment opportunities across the UK, announced on the 21 October 2022 that it will raise up to £4,559,708.75 (before fees and expenses) through an Open Offer by way of the issue of New Ordinary Shares at an Issue Price of 25 pence per New Ordinary Share. Following shareholders' requests, the timetable for the Open Offer has been amended and the new timetable is set out below. All other aspects of the Open Offer remain unchanged and details can be found on the company website www.acelibertyandstone.com.

Revised Timetable of Events

Admission, Settlement and dealings

The result of the Open Offer is expected to be announced on 14 December 2022.  Admission to trading of the New Ordinary Shares on the AQSE Growth Market will take place automatically following an announcement by the Company confirming completion of the Open Offer. It is expected that Admission will become effective and that dealings in the Open Offer Shares, fully paid, will commence at 8.00 a.m. on 14 December 2022.

Ismail Ghandour, Chief Executive Officer, commented:

"The Directors have taken into account shareholder requests to allow more time for completion of applications and, in particular, to allow overseas investors adequate time to remit funds to the UK. The Open Offer will provide Ace with the flexibility to take advantage of opportunities that provide long-term benefits for our shareholders and we look forward to announcing the result of the Open Offer in December."

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For further information, please contact:

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The Directors accept responsibility for this announcement.

Notes to Editors

Ace Liberty & Stone Plc is a property investment company with a diverse portfolio of properties located across the UK, predominantly in the midlands and north of England, which are now the focus of Government incentives. The Company locates commercial properties which have creditworthy tenants, several years' rental income and 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 to deploy its strong balance sheet and is 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