The Company's objective is to make investments in businesses associated with the natural resource sector prior to initial public offerings, at the IPO stage and in the aftermarket of companies quoted on AIM and Aquis markets and on other recognised exchanges.

The Company's investment committee comprises of Colin Bird and Raju Samtani who are responsible for day to day investment decisions. When there is a conflict of interest, investments decisions are referred to the Board prior to execution.

Initial investments are for varying amounts and usually in the £30,000 - £250,000 range but there is no upper limit relating to the quantum for each investment giving the Board the flexiblity to engage in a wider range of transactions. Investments will be made in both larger cap resource stocks generating dividends as well as in smaller companies which may not be generating cash flow and often have further requirements to raise additional cash to continue the development of their businesses. Therefore, after appropriate due diligence, the Company may provide further funding and make follow-up market purchases to support investments it may have made in the past.

Key features of the Company's investment policy are as follows:

1. Participating in "passive style" equity investments where their Company does not play an active role in the operations or management of investee companies.
    
2. Making more "proactive style" equity investments where the Company participates in formulating the strategy of the underlying investee companies.
    
3. Making non-equity type investments by providing capital or assets in exchange for rights to a small percentage of future revenues and aligning Tiger to the success of its royalty partners.
    
4. Both pro-active and passive investments can be equity type investments or in the form of a royalty arrangement.
    

The proactive style of investment articulated above will involve the Company's officers taking executive roles in investee companies and co-investing with Tiger generally through non-controlling stakes and by being active in the management of the underlying investee company.