Ace Liberty & Stone Plc
LSE : ALSP

September 22, 2011 09:13 ET

Property Investment Update

ACE LIBERTY & STONE PLC

PROPERTY INVESTMENT UPDATE

The  directors  of Ace Liberty & Stone Plc ("Ace", the "Company") are pleased to announce the  Company  has
completed the acquisition of Telephone House Charter Square in Sheffield a multi let office investment with
its two main leases secured against British Telecom and National Car Parks.

The  acquisition  was  carried out with joint venture partners and Ace's share of the  purchase  price  was
GBP 1.05m.

The  property is a large site adjacent to the proposed entrance of the new Sevenstones Retail Scheme  which
is  being  developed by Hammerson plc in the heart of Sheffield City centre. Mark Thomas  Chairman  of  Ace
Liberty  & Stone commented "This is an excellent site with great potential for us to unlock at the entrance
to the Sevenstones Retail Scheme."

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

FOR FURTHER INFORMATION PLEASE CONTACT:

Mark Thomas
Director
Ace Liberty & Stone Plc
Tel:  +44 (0) 20 7201 8340

Jon Isaacs
Alfred Henry Corporate Finance Limited
www.alfredhenry.com
Tel: 020 7251 3762


22 September 2011

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