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NAV Update - Net Asset Value(s)

Tiger Resource Finance plc ('Tiger' or 'the Company')
NAV Update

The unaudited portfolio value (PV) (based on investments and cash only) at 31 December 2013 was 2.43 pence per ordinary share.

Investments held by the Company as at 31/12/13

Name Number of shares Share price GBP Valuation GBP
African Eagle Resources Plc 1,241,174 0.00275 3,413
African Pioneer Plc 57,000,002 (see note 2) 210,000
Anglo American Plc 11,500 13.20000 151,800
Ascent Resources Plc 9,642,857 0.00900 86,786
Astar Minerals Plc 4,000,000 0.00115 4,600
Aurum Mining Plc 8,333,333 0.02250 187,500
ETFS Physical Platinum 2,250 79.78227 179,510
Jubilee Platinum Plc 1,169,600 0.03075 35,965
New World Oil and Gas Plc 5,000,000 0.00625 31,250
Northern Petroleum Plc 294,118 0.33500 98,530
PanContinental Oil and Gas NL 885,714 0.03283 29,080
Papua Mining Plc 230,000 0.28250 64,975
Petroceltic International Plc 66,640 1.75000 116,620
Polar Star Mining Corp 833,333 0.08507 70,891
Praetorian Resources plc 400,000 0.09000 36,000
Sovereign Energy Plc 40,000,000 (see note 2) 40,000
Sovereign Mines of Africa Plc 2,000,000 0.02625 52,500
Sunrise Resources Plc 665,000 0.00450 2,993
Taipan Resources Inc 310,000 0.15879 49,225
Trap Oil Plc 330,000 0.09125 30,113
Tertiary Minerals Plc 1,330,000 0.10500 139,650
U3O8 Holdings Plc 4,166,666 0.00200 8,333
Union MedTech Plc 625,000 (see note 4)
Vatukoula Gold Mines Plc 150,000 0.06000 9,000
Wentworth Resources Ltd 220,000 0.49068 107,950
Xtract Resources PLC 344,827,584 0.00310 1,068,966
Total Investments

2,815,650

Notes:

  1. The above PV calculation is based on 138,331,939 Ordinary shares with a nominal value of 1 pence each ("Ordinary shares") being the Company's issued share capital of 142,831,939 Ordinary shares less 4,500,000 Ordinary shares held in treasury.
     
  2. The investments of £210,000 and £40,000 respectively in African Pioneer PLC (quoted on ISDX) and Sovereign Energy PLC relate to companies incubated by Tiger and are carried at cost for the purpose of computing the 31 December 2013 quarterly PV.
     
  3. Cash funds held by the Company at 31 December 2013 amounted to £540,608.45
     
  4. The investment in Union Med Tech PLC has been marked down to nil whilst the company is suspended from trading on ISDX.
     
  5. All future reporting will be made on a quarterly basis and accordingly the next announcement will disclose the PV per share and investments as at 31 March 2014. The Company will disclose its investments on a quarterly basis when disclosing its PV.
     

For further information please contact:

Bruce Rowan, Chairman Tel: +00 44 207 486 3997
Raju Samtani, Director   Tel: +00 44 777 594 6676



 

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