This is a correction to the announcement published at 17:05 on 11 January 2023 (RNS number 4461M) which incorrectly stated that 'The Company's total shares in issue remains at 71,168,162'. The correct number of total shares in issue is 71,168,862. The full corrected announcement is included below.

18 January 2023

ACE LIBERTY AND STONE PLC

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

Director/PDMR Shareholding

Ace Liberty and Stone Plc (AQSE: ALSP), the active property investment company, capitalising on commercial property investment opportunities across the UK, today announces that Kayssar Ghorayeb, Non-Executive Director, has purchased 753 Ace Ordinary Shares of 25 pence each in the Company ("Ordinary Shares") at an average price of 0.65p and at a total value of £489.45. Mr Ghorayeb now has 344,006 Ace Ordinary Shares, representing 0.48% of the Company's voting rights.  The transaction took place on 09 January 2023. The Company's total shares in issue remains at 71,168,862.

The notification below, made in accordance with Article 19 of the requirements of the UK Market Abuse Regulation, provides further information.

1.    Details of the person discharging managerial responsibilities/persons closely associated

a.     Name: Kayssar Ghorayeb

2.    Reason for the Notification

a.     Position/Status: Non-Executive Director

b.     Initial Notification/Amendment: Initial

3.    Details of Issuer

a.     Name: Ace Liberty & Stone Plc

b.     LEI:  213800NMVGLWINFGYR91

4.    Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a.     Description of the financial instrument, type of instrument/Identification code (ISIN): Ordinary Shares of £0.25 each/ GB00BF01VL55

b.     Nature of the transaction: Purchase of ordinary shares

c.     Price(s) and volume(s):

Price               Volume

£0.65              753

d.     Aggregated information:

Aggregated volume    Price

753                 £489.45

e.     Date and time of the transaction: 09/01/2023

f.      Place of the transaction: London, UK

The Directors accept responsibility for this announcement.

- ends -

For further information, please contact:

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