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RNS Number : 7304D

TMT Investments PLC

28 June 2019

28 June 2019

TMT INVESTMENTS PLC

("TMT" or the "Company")

Portfolio update

TMT Investments PLC (AIM: TMT.L), the venture capital company investing in high-growth technology companies, is pleased to announce that its portfolio company Bolt (formerly known as Taxify), a leading international ride-hailing and transportation company (www.bolt.eu), has completed a new funding round. The transaction represents a revaluation uplift of US$5.04 million (or 29.5%) in the fair value of TMT's investment in Bolt, compared to the previous reported amount as of 31 December 2018.

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

For further information contact:

 
TMT Investments PLC              +44 (0)1534 281 800 
 Alexander Selegenev              (Computershare - Company Secretary) 
 Executive Director 
 www.tmtinvestments.com           alexander.selegenev@tmtinvestments.com 
Strand Hanson Limited 
 (Nominated Adviser) 
 Richard Tulloch / James Dance 
 / Eric Allan                    +44 (0)20 7409 3494 
Hybridan LLP 
 (Broker) 
 Claire Louise Noyce             +44 (0)20 3764 2341 
Kinlan Communications            +44 (0)20 7638 3435 
 David Hothersall                 davidh@kinlan.net

About TMT Investments PLC

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 45 companies to date and has latest announced net assets of US$90m. 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

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

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June 28, 2019 02:01 ET (06:01 GMT)

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