Change of Name, TIDM and Website Address

Atlas Development & Support Services Limited / Ticker: ADSS / Index: AIM / Sector: Support Services

28 October 2014

Atlas Development & Support Services Limited

('Atlas Development' or the 'Company')

Change of Name, TIDM and Website Address

Atlas Development & Support Services Limited (AIM: ADSS), the African focussed support services and logistics company formerly known as Africa Oilfield Logistics Limited, announces that it has completed its change of name and adopted the new tradable instrument display mnemonic (TIDM) 'ADSS' effective 08:00 today.

The Company has also developed a new website at www.atlassupport.com which provides both operational as well as information required pursuant to the AIM Rules.

Shareholders are advised that existing share certificates in the name of Africa Oilfield Logistics Limited will remain valid, and that any new share certificates which are issued by the Company will be issued in the name of Atlas Development.

Carl Esprey, Chief Executive Officer of Atlas Development, said:

"I am delighted to confirm our formal change of name, which marks a new chapter in the development of the Company and our operations across Africa. During the course of 2014 our business has been systematically recalibrated to provide a scalable foundation for a highly efficient, profitable business which delivers world-class services to our ever expanding roster of clients. Demonstrable positive results have been achieved in the past nine months and I believe that under the new Atlas Development brand, we will continue this positive trajectory into 2015 and beyond and be well positioned to execute our vision of becoming the most professional, efficient and profitable turn-key development and support services group in Africa."

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For further information please visit www.africaoilfieldlogistics.com or contact:

Notes to Editors

In October 2014 the Company acquired the entire issued capital of Ardan Logistics Kenya ("Ardan"), a cash generative support services business which generated unaudited revenues for the six month period ended 30 June 2014 of $20.6 million and which has an established client list of major international oil & gas and mining companies operating in East Africa (the "Acquisition"). Today's change of name reflects the Company's transition from holding a minority stake to taking operational control.

Atlas Development's three core divisions are delineated as follows:

· Atlas Technical: civil engineering, workforce accommodation and construction

· Atlas Services: medical and facilities management

· Atlas Logistics: fuel solutions, storage and transportation

Through these three core divisions, Atlas Development provides turn-key support for a range of major oil & gas exploration and development companies operating across East Africa. The market opportunity for a company such as Atlas Development remains highly attractive, and the Board believe there is considerable opportunity to leverage the Company's established position to further capitalise of the rapidly growing oil & gas exploration and development industry in Kenya.

The Company announced on 13 October 2014, that it intends to dual list on the Growth Enterprise Market Segment of the Nairobi Securities Exchange (the 'Kenyan Listing'), by way of an introduction and private placing of up to 10% of the Company's enlarged share capital, such private placing being offered solely in Kenya. Completion of the Kenyan Listing will make Atlas Development the first AIM listed company to join the Kenyan exchange and will mark a further important step in the Company's development as it looks to expand its existing support services business in East Africa.