Notice of Results & Trading Update

Ashley House plc

Notice of results and trading update

Ashley House plc (the "Company") the health and community care property partner announces that it will publish its results for the year ended 30 April 2012 on 25 July 2012.

The Company is also pleased to confirm that the two schemes referred to in its Trading Update of 1 May 2012 have now received the required NHS approvals and the related profit will accrue to the first half of the current financial year. The Board still expects to report a small positive EBITDA in the year that ended 30 April 2012.

The Board re-iterates that aside from the contribution attributable to the two schemes referred to above, there is likely to be little growth in underlying profitability in the current year. However, with continuing progress in New Business areas the Board expects to see a strong return to growth thereafter.

The Company is also pleased to advise the completion of the sale of the first of the three schemes that were financed internally resulting in an injection of £1.2m of cash into the Company. The remaining schemes are both under contract with one due to complete at the end of June, and the other at the end of July 2012.

Enquiries:

Ashley House plc Tel: 01628 600340

Jonathan Holmes, Chief Executive

Antony Walters, Finance Director

Citigate Dewe Rogerson Tel: 020 7638 9571

Ginny Pulbrook / Jos Bieneman

Numis Securities (Nominated Adviser and broker to Ashley House) Tel: 020 7260 1000

Oliver Cardigan / David Poutney