Net Asset Value(s)

The Schiehallion Fund Limited (MNTN)

Legal Entity Identifier : 213800NQOLJA1JCWXQ56

Month End Net Asset Value

Net Asset Value per ordinary share as at close of business on 6 July 2021

The unaudited Net Asset Values of the Company are noted below in US cents per ordinary share.

Cum NAV*

160.15cents

Ex NAV

160.72cents

*includes accrued income less ongoing costs.

Percentage of portfolio currently invested in cash/cash equivalents is

7.41%

Fair value NAVs have not been provided as either

(a) there are no loans outstanding which are used for investment purposes or

(b) the fair value of such loans are the same as their par value.

Net Asset Values are calculated in accordance with published accounting policies and AIC guidelines

Cum NAV: Net asset value per share in pence, including income.

Ex NAV: Net asset value per share in pence, excluding income.

The Schiehallion Fund Limited - C class shares (MNTC)

6 July 2021

Legal Entity Identifier : 213800NQOLJA1JCWXQ56

Month End Net Asset Value

Net Asset Value per ordinary share as at close of business on 6 July 2021

The unaudited Net Asset Values of the Company are noted below in US cents per ordinary share.

Cum NAV*

99.23cents

Ex NAV

99.24cents

*includes accrued income less ongoing costs.

Percentage of portfolio currently invested in cash/cash equivalents is

90.62%

Fair value NAVs have not been provided as either

(a) there are no loans outstanding which are used for investment purposes or

(b) the fair value of such loans are the same as their par value.

Net Asset Values are calculated in accordance with published accounting policies and AIC guidelines

Cum NAV: Net asset value per share in pence, including income.

Ex NAV: Net asset value per share in pence, excluding income.