Net Asset Value(s) - REPLACEMENT

GENERAL TEXT AMENDMENT

The following amendment has been made to the 'Net Asset Value(s)' announcement released on 24/02/2022 at 11:27 under RNS No 7328C.

Date on Net Asset Value for C class share should have read 23 February 2022 and not 31 January 2022.

All other details remain unchanged.

The full amended text is shown below.

The Schiehallion Fund Limited (MNTN)

Legal Entity Identifier : 213800NQOLJA1JCWXQ56

Net Asset Value as at close of business on 23 February 2022 (US cents per ordinary share)

Cum NAV*

148.06cents

Ex NAV

149.49cents

Percentage of Ordinary share class portfolio currently invested in cash/cash equivalents is

6.77%

Net Asset Value as at close of business on 23 February 2022 (US cents per C class share)

Cum NAV*

96.88cents

Ex NAV

97.15cents

Percentage of C share class portfolio currently invested in cash/cash equivalents is

40.27%

*includes accrued income less ongoing costs.

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

Cum Par NAV: Net asset value per share in pence, including income, with debt at par value.

Ex Par NAV: Net asset value per share in pence, excluding income, with debt at par value.