ASH.L Regulatory News (ASH)

27 August 2013

Ashley House plc (the "Company")

Appointment of Chairman

Ashley House plc, the health and community care property partner is delighted to announce the appointment of Christopher Peter Lyons as Non Executive Chairman. Chris replaces Sir William Wells who, as previously announced, steps down after six years of service.

Chris, aged 62, has extensive experience in strategic planning, corporate governance, banking and housing finance. His career spans 35 years, first with Abbey National, where he held senior executive positions in Finance and Operations latterly spearheading Abbey National's innovation unit, creating and launching Cahoot the online Internet Bank. Chris then joined the executive board of Minster Trust Ltd, a fully regulated banking institution leading the development and launch of an affinity based Internet banking proposition.

Chris has developed over the last 12 years a portfolio career of board appointments including Chairman of London Strategic Housing and Deputy Chairman of Network Housing Group, chairing the Audit and Risk Committee. Chris is an Alumni of London Business School where he studied Corporate Finance. He holds a Masters degree in Strategic Financial Management and is a visiting fellow of Kingston Business School. In addition he serves on the MBA advisory board of Durham Business School and a member of the Council at Hull University. Chris has also worked with the NHS Commissioning Board in authorising the recently formed national network of Commissioning Support Units, specifically assessing and developing their business strategies and the subsequent appointment of their Managing Directors.

Jonathan Holmes, Chief Executive said "We are delighted that Chris has agreed to lead the board as Non Executive Chairman. Chris has a broad range of expertise in finance, risk management and strategic business development and has current experience in the social housing market that is so important to us. William leaves with our sincere thanks for the invaluable support and advice he has provided to the Company over the last six years."

The names of all companies and partnerships of which Chris has been a director or partner at any time in the previous five years are set out below:

London Strategic Housing Association (Chairman until 2012) 2007 to date

Network Housing Group (Chair Audit Committee since 2012) 2006 to date

Beer Mergers Limited 2004 to date

MUSC Limited 2009 to 2010

Otkritie Securities Limited (Chairman) 2006 to 2010

There are no other matters which are required to be announced pursuant to paragraph (g) of Schedule 2 to the AIM Rules.

Enquiries:

Ashley House plc 01628 600 340

Jonathan Holmes, Chief Executive

Antony Walters, Finance Director

WH Ireland

(Nominated Adviser and broker to Ashley House plc)

Adrian Hadden

Nick Field 0207 220 1666