EVRH.L Regulatory News (EVRH)

Armstrong Ventures Plc

("Armstrong" or the "Company")

Update re Cash Reserves

Further to the announcement of interim results on 27 September 2013, the Board of Armstrong is pleased to announce that the £250,000 held in a solicitors client account to the Company's order was returned to the Company yesterday. Mr Yoram Yossifoff and Otterswick (UK) Limited had attempted to prevent the release of the funds by means of a Court injunction, which was dismissed on 14 November 2013. The Company is aware of the possibility of further legal action by Mr Yossifoff and Otterswick (UK) Limited, who are claiming that the Company agreed to make an investment in Shale Energy plc. Any such claim will be vigorously defended by the Company. The Company has now received back £450,000 out of the total deposit of £500,000, and the remaining £50,000 is expected to be collected by the year end.

For more information please contact: