Result of General Meeting & Update on Dual Listing

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

5 November 2014

Atlas Development & Support Services Limited ('Atlas Development' or the 'Company')

Result of General Meeting & Update on Dual Listing in Kenya

Further to the announcement made on 13 October 2014, the Company, formerly known as Africa Oilfield Logistics Ltd, is pleased to announce its intention to dual list on the Growth Enterprise Market Segment ('GEMS') of the Nairobi Securities Exchange (the 'Kenyan Listing'), following shareholder approval being obtained in respect of all the resolutions proposed at the Company's general meeting held earlier today. The Kenyan Listing, which will be completed by way of an introduction and private placing of up to 10% of the Company's enlarged share capital which will be offered solely in Kenya, is expected to take place by the end of December 2014.

Carl Esprey, Chief Executive Officer of Atlas Development, said: "Our proposed dual listing in Kenya is central to our future strategy and commitment to building a substantial, sustainable and profitable company based in East Africa. We already employ more than 600 Kenyans across our current operations, and we are keen for this number to grow as we expand our service offering, geographic reach and client roster in the region. Combining international expertise and accreditation with a strong Kenyan identity, highlighted by our upcoming listing on GEMS, is a key differentiator for Atlas Development, and we will continue to leverage our unique service offering to more major oil & gas companies across East Africa."

Further details regarding the Kenyan Listing will be provided in due course.

** ENDS **

For further information please visit www.atlassupport.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.

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.