Ace Liberty & Stone Plc
LSE : ALSP

September 24, 2009 07:37 ET

Property Developments Update

ACE LIBERTY & STONE PLC
PROPERTY DEVELOPMENTS UPDATE

The  directors  of  Ace  Liberty & Stone Plc (the "Company") are pleased to  announce  that  the  Company's
remaining property in Oakley Street, Chelsea has now been sold for GBP 2,075,000. Contracts were exchanged on
10 September for an unconditional completion on 10 November 2009. The sale, which resulted in all costs in
respect of the property being recovered, is considered an achievement by the directors in the light of  the
decline in residential property values. Moreover the sale significantly increases its cash resources  at  a
time when new opportunities are expected to appear in the market.

The Directors of the Issuer accept responsibility for the contents of this announcement.


FOR FURTHER INFORMATION PLEASE CONTACT:

Ivan Minter, Director
Ace Liberty & Stone Plc
Tel: 01992 787524

Jon Isaacs
Alfred Henry Corporate Finance Limited
Tel: 020 7251 3762
        

Contact Information

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