Portfolio Update

RNS Announcement

RNS Number : 4255H

Schiehallion Fund Limited (The)

27 July 2023

The Schiehallion Fund Limited

("The Company")

Legal Entity Identifier: 213800NQOLJA1JCWXQ56

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.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

PFUSEWSUWEDSEFW

RNS metadata

Title: Portfolio Update
Time: 10:18:43
Date: 27 Jul 2023
Category: Corporate updates
ID: 4255H