Net Asset Value(s)

Tiger Resource Finance PLC
04 October 2005







             Tiger Resource Finance plc ('Tiger' or 'the Company')


                                   NAV Update


The unaudited portfolio value (PV) per share (based on investments and cash
only) at 30 September 2005 was 5.46p per share.


All future reporting will be made on a quarterly basis and accordingly the next
announcement will disclose the portfolio value per share as at 31 December 2005.



For further information please contact:


Bruce Rowan, Chairman

Tel: [phone]

Colin Bird, Director

Tel: [phone]





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