PACTOLUS HUNGARIAN PROPERTY : Notice of AGM

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

    Notice of Annual General Meeting

    Notice is hereby given that the ninth Annual General Meeting of Pactolus
    Hungarian Property plc (the "Company") will be held at 10.00 a.m. on Thursday
    25 June 2015 at Jubilee Buildings, Victoria Street, Douglas, Isle of Man, IM1
    2SH, for the purposes of considering, and if thought fit, approving resolutions
    1 to 6 as Ordinary Resolutions and resolution 7 as a Special Resolution of the
    members of the Company.

    Ordinary Resolutions:

     1. To receive and adopt the Report of the Directors and audited Accounts for
        the year ended 31 December 2014.
       
     2. To re-appoint CLB Coopers as Auditors to the Company and its subsidiaries
        (the "Group").
       
     3. To authorise the Directors to fix the remuneration of the Auditors.
       
     4. That Barry Curtis Smith, a Director retiring by rotation, be re-elected as
        a director of the Company in accordance with s87.3 of the Articles of
        Association.
       
     5. That Stephen Dillon Gray, a Director retiring by rotation, be re-elected as
        a director of the Company in accordance with s87.3 of the Articles of
        Association.
       
     6. That the Shareholders approve the renewal of the current share buy-back
        facility to purchase up to 28.6 per cent of the current issued share
        capital, representing 2,950,774 of the current 10,316,624 Ordinary issued
        shares.
       
        Special Resolution:
       
     7. That the Company's name be changed from Pactolus Hungarian Property plc to
        M&L Property & Assets plc.
       
        Pursuant to Rule 20 the Notice of Annual General Meeting will be posted to
        shareholders shortly.
       
    For further information, please contact:

    Asset Manager:

    Midas Investment Management Ltd
    Mark Sheppard
    Tel: [phone]

    Nominated Adviser:

    Cairn Financial Advisers LLP
    Liam Murray
    Tel: [phone]