Stmnt re Share Price Movement

25 March 2013

Plutus Resources plc

 ("Plutus" or the "Company")

Statement re share price movement

The board of Plutus (the "Board") notes the recent upwards movement in the Company's share price and knows of no reason for such a movement.

In a circular issued pursuant to the Company's demerger and subscription which completed on 1 February 2013, the Company's Investing Policy was stated to be as follows:

"The Directors intend initially to seek to acquire a direct and/or an indirect interest in projects and assets in the oil and gas sector and within the wider natural resources sector."

The Board confirms that, in accordance with its Investing Policy, it continues to evaluate a number of investment opportunities in the natural resources sector, all of which are at a preliminary stage.

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