Design Consultant for Chancho Project Appointed

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

1 March 2016

Atlas Development & Support Services Limited

('Atlas' or the 'Company')

Appointment of design consultant to advance Ethiopian bottling project

Atlas (AIM, NSE: ADSS) is rapidly advancing its project to construct a new state-of-the-art glass bottling facility 45km north of Ethiopia's capital, Addis Ababa (the 'Chancho Project'), and in this context has appointed MH Engineering Plc ('MH Engineering'), a leading Ethiopian firm, to provide a full range of design services including architectural, engineering, structural, sanitary, electrical and mechanical design and quantity surveying services, in relation to the construction of the Chancho Project, which will have a yearly production capacity of 105 million 330ml bottles.

MH Engineering is an independent firm offering a broad range of technical services and involved in the development of buildings, roads and transportation, engineering feasibility studies, architectural engineering, structural engineering, infrastructure projects and environmental management. Headquartered in Addis Ababa, and with the necessary structural and civil engineering skills and experience, MH Engineering has been identified by Atlas as the ideal firm to progress the design of the Chancho Project following the commencement of ground clearance works (as announced on 22 February 2016) and recent geotechnical drilling works.

Chief Executive of Atlas, Carl Esprey said, "The appointment of MH Engineering so soon after our fundraising together with the commencement of ground clearing and geotechnical drilling on-site is a clear demonstration of our commitment to rapidly advance the Chancho Project into a state-of-the-art bottling facility, capable of addressing the deficit in quality domestically produced glass bottles in Ethiopia."

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