Tiger Resource Finance : NAV Update

RNS Number : 8522T Tiger Resource PLC 06 July 2018

For immediate release

6 July 2018

Tiger Resource PLC

('Tiger' or 'the Company')

NAV Update

The unaudited portfolio value ("PV") (based on investments and cash only) at 30 June 2018 was 0.64 pence per ordinary share.

Investments held by the Company as at 30/06/18

Name

African Pioneer PLC Anglo American PLC BMR Group Plc (note 3) Barkby Group Plc (note 4) Block Energy Plc

Bezant Resources Plc

Corallian Energy Limited (note 5) ETFS Copper

Galileo Resources plc Goldquest Mining Corp. Jubilee Metals Group PLC Pantheon Resources Revelo Resources Corp.

Royal Dutch Shell Plc B sharesNumber of sharesShare price £

Valuation £

59,529,532

(see note 2) 129,417

11,500

16.948 194,902

2,500,000

0.0190 47,500

60,606

0.0800 4,848

1,250,000

0.0340 42,500

55,555,556

0.0042 233,333

20,000

1.5000 30,000

1,760

20.920 36,819

6,516,667

0.0141 91,885

173,500

0.1108 19,223

1,169,600

0.0242 28,304

31,500

0.1874 5,903

216,667

0.0115 2,492

5,400

27.124 146,470

Total Investments

1,013,596

Notes:

• 1) The above PV calculation is based on 184,347,070 Ordinary shares with a nominal value of 0.1 pence each ("Ordinary shares") being the Company's issued share capital of 188,847,070 Ordinary shares less 4,500,000 Ordinary shares held in treasury.

• 2) African Pioneer PLC ("APP") is a private investment company in which Tiger owns 50.75 per cent of the issued share capital and this investment is valued on the basis of Tiger's share of APP's assets (cash plus investments) at the quarter end date for the purpose of computing the quarterly PV.

• 3) The shares of BMR Group Plc ("BMR") were suspended at the company's request on 7 February 2018 pending clarification of the mining right in respect of BMR's Kabwe operation. This investment has been valued at its market price immediately prior to the suspension of its shares.

• 4) Sovereign Mines Plc ("Sovereign") acquired the business and assets of Turf to Table, a boutique hospitality group focused on premium gastropubs, inns and function spaces in Oxfordshire and Gloucestershire for a total consideration of £1,205,000. The company's shares were consolidated at the same time with every 33 existing Ordinary shares in Sovereign receiving one new Ordinary share in Barkby Group Plc, being the name of the company following the acquisition.

• 5) Tiger holds 20,000 shares in Corallian Energy Limited ("Corallian"), an oil and gas appraisal and exploration company which has an interest in 5 petroleum licences in the UK and operates in the private domain. This investment has been valued at cost.

• 6) Cash funds held by the Company at 30 June 2018 amounted to £171,000.10.

• 7) All reporting is made on a quarterly basis and accordingly the next announcement will disclose the PV per share and investments as at 30 September 2018. The Company will disclose its investments on a quarterly basis when disclosing its PV.

The information communicated in this announcement is inside information for the purposes of Article 7 of Regulation 596/2014.

For further information please contact:

Tiger Resource Plc	Raju Samtani,	[phone]
Director
Beaumont Cornish	Roland Cornish	[phone]
(Nomad)	Felicity Geidt
Email:[e-mail]
First Equity Limited	Jason Robertson	[phone]
(Joint Broker)
Novum Securities Plc	Jon Belliss	+44
(0)20 7399 9425
(Joint Broker)

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