Issued on behalf of AssetCo plc

Immediate Release

30 December 2016

AssetCo plc

("AssetCo" or the "Company")

Contract update

Further to the Company's announcement on 17 November 2016, regarding the continuation and the proposed extension of the principal contract in Abu Dhabi (the "Contract"), AssetCo has made further progress for a one year extension of the Contract and will update shareholders again by the end of January 2017.

The information contained within this announcement is deemed by the Company to constitute inside information stipulated under the Market Abuse Regulation (EU) No. 596/2014. Upon the publication of this announcement via the Regulatory Information Service, this inside information is now considered to be in the public domain.