VALIANT INVESTMENTS PLC                            
                                      ("Valiant")                                  

          Update on Flamethrower Plc, Issue of Equity and Total Voting Rights      

    31 January 2016 

    Valiant is pleased to provide the following update on its 84.7% owned
    subsidiary, Flamethrower plc, and to announce that it has raised funds of £
    34,000 by way of a placing of ordinary shares.

    FLAMETHROWER PLC

    PORTFOLIO OF APPS FOR MINECRAFT

    Flamethrower plc ("Flamethrower" or the "Company") has continued to expand its
    portfolio of apps, with recent acquisitions including a portfolio of iOS and
    Mac apps focussed on Minecraft, a multi-platform sandbox video game that
    enables players to design and create their own constructions in a 3D
    procedurally generated virtual landscape.

    In 2016, lifetime global sales of Minecraft passed 100 million, with an average
    of 53,000 copies sold each day, making it the second best-selling video game of
    all time. Flamethrower's current portfolio of apps for Minecraft is as follows:

    Lucky Block Mod For Minecraft: Guide And Tutorials (Mac) - A reference guide
    for installing and using the lucky block in Minecraft.

    Building For Minecraft (Mac) - An educational guide on how to build within
    Minecraft.

    Skins For Minecraft Tutorials And Guide (Mac) - A reference guide on how to
    build skins for Minecraft.

    Trivia Game For Minecraft (iOS) - A quiz and trivia game for Minecraft.

    Trivia For Minecraft - Craft Guide And Quiz (Mac and iOS) - Trivia questions
    and crafting and farming guide.

    Cheats Guide And House Ideas For Minecraft (Mac) - A tutorial guide with house
    ideas.

    Tutorials For Pixelmon Mod For Minecraft (Mac and iOS) - A mod that adds
    characters from the video game, Pokémon, to Minecraft.

    House Ideas For Minecraft (Mac) - A video tutorial guide for building a wide
    range of houses and structures in Minecraft.

    Command Blocks Guide for Minecraft (Mac) - A tutorial guide on how to use
    Command Blocks in Minecraft.

    CONRAD WINDHAM, CHIEF EXECUTIVE OFFICER, SAID:

    "The growth and popularity of Minecraft continues unabated, and we are
    delighted to have acquired an initial portfolio of apps for Minecrafters at a
    total cost of $34,375. The Mac apps are all priced on the App Store at between
    tier 6 and tier 10 ($6.99 - $9.99), whilst the iOS versions are tier 2 ($1.99),
    or monetized through ads. In addition to the apps for Minecraft acquired to
    date, we also have a Skin Creator for Minecraft in development, which we are
    targeting for release on Mac and iOS in February."

    FORMATION OF SLOT RIGHT IN LTD

    Flamethrower is pleased to announce the formation of a new wholly-owned
    subsidiary, Slot Right In Ltd, which will serve as the Company's social casino
    division going forward. Eilers & Krejcik Gaming has forecast the social casino
    industry to be worth $4.4 billion in 2017, and the genre forms a cornerstone of
    Flamethrower's strategy. Slot Right In Ltd currently has over 20 social casino
    apps in development for release on both iOS and Android devices, including
    slots, solitaire, and craps.

    Flamethrower will continue to focus on expanding its own app portfolio across
    other categories.

    DOMAIN NAME PORTFOLIO

    As Flamethrower evolves, the Company intends to diversify its digital asset
    portfolio to acquire domain names, which can be monetized through resale,
    leasing, and parking (i.e. thematic advertising). The Company intends to focus
    predominantly on dot com top level domains.

    ISSUE OF EQUITY

    Valiant is pleased to advise that it has raised £34,000 by way of a placing of
    34,000,000 new ordinary shares of 0.1p each at a price of 0.1p per share. The
    monies raised will provide Valiant with additional working capital and enable
    it to further accelerate the development of its 84.7% owned subsidiary,
    Flamethrower.

    The new ordinary shares rank pari passu with the existing ordinary shares.

    Following this placing there are now 903,808,666 ordinary shares in issue, of
    which the Directors are interested in a total of 15,520,000 ordinary shares,
    representing 1.71% of the issued share capital.

    CONRAD WINDHAM, CHIEF EXECUTIVE OFFICER, SAID:

    "Having commenced construction of Flamethrower's portfolio of apps less than 10
    months ago, we are delighted at both the pace we have been able to build the
    portfolio, and the range of apps now offered. Going forward, we will continue
    to expand the portfolio, and are greatly encouraged at the performance of
    Flamethrower and the broader impact it will have to the future development and
    growth of Valiant Investments."

    TOTAL VOTING RIGHTS

    In accordance with the Financial Conduct Authority's Disclosure and
    Transparency Rules, the Company hereby announces that it has 903,808,666
    ordinary shares of 0.1p each in issue ("Ordinary Shares"), each share carrying
    the right to one vote. The Company does not hold any Ordinary Shares in
    Treasury.

    The above figure of 903,808,666 Ordinary Shares may be used by shareholders in
    the Company as the denominator for the calculations by which they will
    determine if they are required to notify their interest in, or a change to
    their interest in, the share capital of the Company under the Financial Conduct
    Authority's Disclosure and Transparency Rules.

    The Directors of Valiant accept responsibility for the content of this
    announcement.

    ENQUIRIES:

    Company
    Valiant Investments plc
    Conrad Windham
    Telephone: 01366 381541

    Corporate Advisor
    Peterhouse Corporate Finance Limited
    Guy Miller / Mark Anwyl
    Telephone: 020 7220 9796