Exercise of Options

Ashley House plc (or "the Company")

Exercise of options

Ashley House announces that Jonathan Holmes, Chief Executive, has exercised 330,000 options in the Company at 30 pence per ordinary share. Pursuant to the exercise of these options the Company has issued and allotted 330,000 new ordinary shares taking the revised number of shares in issue to 58,319,755.

Jonathan Holmes' revised holding (including his wife's) now stands at 1,659,736 ordinary shares or 2.85% of the revised total ordinary shares in issue.