MNTN The Schiehallion Fund Limited

TIDMNAV TIDMMNTN TIDMMNTC

RNS Number : 6198H

Schiehallion Fund Limited (The)

28 July 2023

The Schiehallion Fund Limited

("The Company")

Legal Entity Identifier: 213800NQOLJA1JCWXQ56

The below announcement was released under RNS Number 4255H on 27 July 2023 at 10:18.

The below information is unchanged.

Portfolio update

As at 25 July 2023, the Company had deployed 83.6% of the C share proceeds raised in 2021. The Company has agreed to invest $20.7m in a funding round that is expected to complete on 1 August 2023. The Managers have notified the Board that, following completion of this investment, at least 85% of the proceeds of the C share issue will have been deployed, which would enable the Board to trigger conversion of the C shares into ordinary shares, in accordance with the Company's articles of incorporation ("Conversion"). A further announcement will be released in due course setting out the timetable for Conversion, with Conversion being implemented on a NAV-for-NAV basis.

Baillie Gifford & Co Limited

27 July 2023

Regulated Information Classification: Additional regulated information required to be disclosed under applicable laws and regulations.

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PFUSELFIAEDSESW

(END) Dow Jones Newswires

July 28, 2023 11:05 ET (15:05 GMT)

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