Expenditure Equipment Assets Total Euro Euro Euro Euro Cost At 30 June 2015 524,724 6,125 38,738 569,587 Additions/Disposals 62,941- - - 62,941 At 30 June 2016 587,665 6,125 38,738 632,528 Additions/Disposals - - 0 0 At 31 December 2016 587,665 6,125 38,738 632,528 Provision for diminution in value At 30 June 2015 - (4,660) (38,738) (43,398) Charge for period - (1,465) - (1,465) Disposal - 0 - 0 At 30 June 2016 - (6,125) (38,738) (44,863) Charge for period - - 0 0 At 31 December 2016 - (6,125) (38,738) (44,863) Net book value At 31 December 2016 587,665 0 0 587,665 Expenditure on exploration activities is deferred on areas of interest until a reasonable assessment can be determined of the existence or otherwise of economically recoverable reserves. No amortisation has been charged in the period. The directors have reviewed the carrying value of the exploration and evaluation assets and consider it to be fairly stated and not impaired at 31 December 2016. The recoverability of the exploration and evaluation assets is dependent on the successful development of the group's licence areas. 3. Share capital - Group and Company 31-Dec-16 31-Dec-15 30-Jun-16 Euro Euro Euro 200,000,000 Ordinary shares of Euro 0.001 200,000 200,000 200,000 each 50,000 "A" Ordinary shares of One Euro each 50,000 50,000 50,000 250,000 250,000 250,000 Issued, called up and fully paid Number of Share Share shares Capital Premium Euro Euro Euro 0.001 Ordinary Shares As at 30 June 2015 74,316,719 74,317 1,739,769 Issued in period 33,500,000 33,500 497,646 As at 30 June 2016 107,816,719 107,817 2,237,415 Issued in period - - - As at 31 December 2016 107,816,719 107,817 2,237,415 Issued, called up and partly paid Number of Share Share shares Capital Premium Euro Euro One Euro A Ordinary Shares As at 30 June 2015 38,093 38,093 - Issued in period - - - As at 30 June 2016 38,093 38,093 - Issued in period - - - As at 31 December 2016 38,093 38,093 - "A" Ordinary Shares have the right to receive notice of and attend but not to vote at general meetings, no right to a dividend, right to return of capital but no further right to participate in a distribution of assets of the company. The directors of the issuer accept responsibility for this announcement. Contact Details: IMC Exploration Group PLC Mr. Liam McGrattan Tel. Ireland +353 872745427 This announcement is distributed by PR Newswire on behalf of the company. The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.