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

                      Change of name to M&L Property & Assets Plc                  

    Following the passing of a resolution at the Company's AGM on 25 June 2015 the
    Company's name change to M&L Property & Assets plc was approved by
    shareholders.

    The change of name has now been registered at the Isle of Man Companies
    Register and is effective with immediate effect.

    Trading in the Company's shares on AIM under the new name of M&L Property &
    Assets plc (AIM: PHU) will take place effective 3 July 2015.

    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