31 January 2025

Tiger Royalties and Investments Plc

                                                         ("Tiger" or the "Company")                             

Grant of Options and PDMR Disclosures

Tiger (AIM: TIR) announces that, in aggregate, 880,252,544 options over ordinary shares of 0.1 pence each in the capital of the Company ("Ordinary Shares") have been granted pursuant to the Share Option Agreements approved at the Company's General Meeting  held on 6 January 2025 ("2025 GM") and as detailed in the circular accompanying the notice of the 2025 GM ("GM Circular") (the "Options").  Of the 880,252,544, Options, 711,189,408 have been awarded to directors of the Company, and 169,063,136 to other eligible participants.  

In the GM Circular issued on 20 December 2024 it was set out that after completion of the acquisition of Bixby Technology Inc it was intended that the Company would, subject to the approval of the remuneration committee, award options under the Share Option Agreements approved at the 2025 GM equivalent to 20 per cent. of the enlarged share capital of the Company after the issue of all new Ordinary Shares referenced in the GM Circular with an exercise price equal to the Fundraising Price of 0.1p per Ordinary Share.

Summary of the Options awarded:

Following the vesting of the above options the Company will have 880,252,544 options in issue.

The grant of Options to Messrs. Bird, Samtani, and Borrelli which amount in aggregate to 3.9 per cent. of the Company's issued share capital are considered to be within normal remuneration parameters and are not considered to be a related party transaction pursuant to Rule 13 of the AIM Rules for Companies.

The grant of Options to Toro Consulting Limited which amount to 12.3 per cent. of the Company's issued share capital is a related party transaction pursuant to Rule 13 of the AIM Rules for Companies. The Directors, other than Mr Bixby, having consulted with the Company's Nominated Adviser, Beaumont Cornish Limited, consider that the issue of Options to Toro Consulting Limited, is fair and reasonable insofar as the Company's shareholders are concerned.

For further information please contact:

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 as it forms part of UK Domestic Law pursuant to the Market Abuse (Amendment) (EU Exit) regulations (SI 2019/310).

Beaumont Cornish Limited ("Beaumont Cornish") is the Company's Nominated Adviser and is authorised and regulated by the FCA. Beaumont Cornish's responsibilities as the Company's Nominated Adviser, including a responsibility to advise and guide the Company on its responsibilities under the AIM Rules for Companies and AIM Rules for Nominated Advisers, are owed solely to the London Stock Exchange. Beaumont Cornish is not acting for and will not be responsible to any other persons for providing protections afforded to customers of Beaumont Cornish nor for advising them in relation to the proposed arrangements described in this announcement or any matter referred to in it.

PDMR Notification Forms:

The notifications below are made in accordance with the requirements of MAR.