13 May

Net Tangible Asset Backing

1 ASX Announcement 1 3 May 202 2 Weston Farm House | Weston Down Lane | Weston Colley | Winchester | Hants | SO21 3AG, United Kingdom +44 (0) 20 3287 5349 | info@metaltigerplc.com | Company Number: 04196004 ASX:MTR | AIM:MTR www. metaltigerplc.com Net Tangible Asset Backing Metal Tiger plc (“Metal Tiger” or the “Company”) ( ASX:MTR, AIM:MTR), advises that the unaudited N et T angible A sset (“NTA”) backing of Metal Tiger as at 3 0 April 202 2 is 2 1 . 7 pence per share after tax. Net Tangible Asset Backing 31 March 20 22 3 0 April 20 22 Change % Net tangible asset value after tax £3 6 . 3 00.000 000 £3 6 . 7 00.000 0 0 +1 . 1 % Net asset value per share 2 1 . 4 p 2 1 . 7 p +1 . 1 % Capital Structure 31 March 20 22 3 0 April 20 22 Change % Shares in issue 169,423,576 169,423,576 0 % Shareholders are referred to the Strategic Report section in the Annual Report as issued on 31 March 20 22 , for context of the investment philosophy and material components thereto , which ultimately underpins the N TA asset backing . M anagement can confirm that there has been no revaluation of the A4 Royalt y since the financial year end ed 3 1 December 202 1 in the determination of the Net Tangible asset value . The A4 Royalty will next be revalued at our forthcoming interim report period , being the 3 0 June 202 2 . This ASX release was authorised on behalf of the Metal Tiger Board by: David Michael McNeilly, Chief Executive Officer.
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