ACE LIBERTY AND STONE PLC

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

Result of GM

Ace Liberty and Stone Plc (AQSE: ALSP), the active property investment company, capitalising on commercial property investment opportunities across the UK, announces that at its General Meeting held today at Finsgate, 5-7 Cranwood Street, London, EC1V 9EE, the following Resolutions put to shareholders were duly passed.

• Resolution 1 - passed as an ordinary resolution gives authority for the Board, pursuant to sections 551 and 570 of the Companies Act 2006, to allot, in respect of the Open Offer, additional Ordinary Shares up to a maximum nominal amount of £4,559,708.75.

• Resolution 2 - passed as a special resolution approved the disapplication of pre-emption rights in relation to the issue of Ordinary Shares relating to the Open Offer up to a maximum nominal amount of £4,559,708.75, under the authority granted by Resolution 1 such that such shares can be offered other than pro rata to existing Shareholders.

The result of the Open Offer is expected to be announced on 14 December 2022.

The Directors accept responsibility for this announcement.

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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