TMT Investments : Statement re Portfolio Revaluations

30May2018 

TMTINVESTMENTSPLC

("TMT"orthe"Company")

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Portfoliocompanyrevaluationsandfirst"unicorn"

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TMT Investments PLC (AIM: TMT.L), the venture capital company investing in highgrowth technology companies across a number of core specialist sectors, is pleased to announce the followingrevaluationsoftheCompany'scoreportfolioinvestments.

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These developments collectively have generated an estimated increase of approximately US$12.82 million in the Company's net asset value ("NAV"), equivalent to approximately 43.9 cents per share (before adjustments for the Company's ongoing operating expenses, bonus provisions, insignificant revaluations, potential future impairments, and similar items).  This represents an uplift in the Company's NAV of 18.1% from the previously stated figure of US$2.43pershareasat31December2017.

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Taxify

Taxify, a leading international ridehailing company (www.taxify.eu), has announcedthat it has completed a US$175 million funding round led by global automotive leader Daimler AG. European venture capital fund Korelya Capital and TransferWise's cofounder Taavet Hinrikus joinedDidiChuxingandanumberofTaxify'sotherexistingshareholdersintheroundthatbrings Taxify's valuation to US$1 billion.  Daimler will also join Taxify's board.  The transaction represents a revaluation uplift of US$13.30 million (or 350%) in the fair value of TMT's investmentinTaxify,comparedtothepreviousreportedamountasof31December2017.

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Pipedrive

TMT has sold a small holding in Pipedrive, a leading sales CRM (Customer Relationship Management) software provider (www.pipedrive.com), fora total consideration of US$2.0 million.  The transaction represents a revaluation uplift of US$3.14 million in the fair value of TMT's residual investment in Pipedrive, compared to the previous reported amount as of 31 December2017. 

Scentbird

Scentbird, a subscriptionbased service for luxury fragrances and other beauty products (www.scentbird.com),hasrecentlyannouncedthatithascompletedafurtherfundingroundto raise US$18.6 million from a group of investors led by Goodwater Capital, the consumer technologyinvestmentfirm,andjoinedbyYCombinator,RainfallVentures,FundersClub,Soma Capital, Scrum Ventures, ERA, and others. The transaction represented a reduction of US$3.61 million in the fair value of TMT's investment in Scentbird, compared to the previous reported amountasof31December2017.

  AlexanderSelegenev,ExecutiveDirectorofTMT,commented: 

"We are delighted with the continuing trend of positive revaluations in our portfolio, especially from Taxify, which has now become the first "unicorn" in our portfolio, and for which we

previously announced an upward revaluation less than a year ago.  This is an enormous achievementforTaxify,whichwascofoundedbythen19yearoldMarkusVillig,whoborrowed his college money from his parents to launch the company in Estonia in 2013.  Today, Taxify is one of the fastestgrowing ridehailing companies in the world with over 10 million passengers and500,000driversinmorethan25countries. 

Notwithstanding that Scentbird's latest funding round valuation represents a discount to the valuation achieved by TMT at the time of a partial sale of its investment in Q4 2017, we are pleasedtoseethatScentbird'ssuperbgrowthtodatehasallowedittoraiseasignificantround of $18.6m from a group of prestigious and experienced investors.  This will enable Scentbird to further increase market penetration and accelerate growth. According to Forbes Magazine, Scentbird'scapitalraisewas"oneofthelargestSeriesAfundingroundssecuredbyadirectto consumerbrandledbyafemaleCEO".  TMTsharesnowtradeatadiscounttotheCompany'sestimatedNAV." 

This announcement is inside information for the purposes of Article 7 of EU Regulation 596/2014.

 Forfurtherinformationcontact: 

TMTInvestmentsPLC AlexanderSelegenev ExecutiveDirectorwww.tmtinvestments.com  Smith&WilliamsonCorporateFinanceLtd NominatedAdviser

+441534281843[e-mail] 

+44(0)2071314000

RussellCook DavidJones BenJeynes 

HybridanLLP +442037642341 Broker

ClaireLouiseNoyce 

KinlanCommunications +442076383435

DavidHothersall    AboutTMTInvestmentsPLC 

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TMT Investments PLC invests in highgrowth technology companies across a number of core specialist sectors and has a significant number of Silicon Valley investments in its portfolio. Founded in 2010, TMT has invested in over 40 companies to date and has latest audited net assets of US$67m. The Company's objective is to generate an attractive rate of return for

shareholders, predominantly through capital appreciation. The company is traded on the AIM marketoftheLondonStockExchange.www.tmtinvestments.com