Pactolus Hungarian Property plc (the "Company" or "Group")

                            Asset Manager's Update

Since our last announcement on 17 December 2014, the Group has sold a further
two properties at a combined sales price of €461,884 (following all sales
commission and tax). The total loan now owing to M & M Investment Company plc
(and any associates) is now €1,823,017.

Our annualised rent roll is currently around €529,470.

For further information, please contact:

Asset Manager:
Midas Investment Management Limited
Tel: +44 (0) 161 228 1709

Nominated Adviser:
Liam Murray/Jo Turner
Cairn Financial Advisers LLP
Tel: +44 (0) 20 7148 7900