Update on NAV and Bending Spoons Valuation

Summary by AI ^BETAClose X

The Schiehallion Fund Limited announced an upward adjustment to the valuation of its Bending Spoons investment, resulting in a Net Asset Value of 202.61 cents as of June 9, 2026. This valuation change increased Bending Spoons' proportion of the company's total assets to 15.2% from 13.0% at the end of May 2026.

Disclaimer*

Schiehallion Fund Limited (The)

10 June 2026

This announcement contains inside information for the purposes of Article 7 of the UK Market Abuse Regulation. Upon the publication of this announcement via a Regulatory Information Service, this inside information is now considered to be in the public domain.

The Schiehallion Fund Limited

("The Company")

Legal Entity Identifier: 213800NQOLJA1JCWXQ56

Update on Net Asset Value and adjustment to the valuation of Bending Spoons

Today, the Board has been advised by the Manager of an upwards adjustment in the valuation of the Company's holding in Bending Spoons in line with its policy for valuing private company investments. This has been reflected in the Net Asset Value of the Company which as at close of business on 9 June 2026 stands at 202.61 cents.

Following that adjustment in valuation the proportion of the Company's total assets made up by Bending Spoons stands at 15.2% at close of business on 9 June 2026, compared with 13.0% on 31 May 2026.

Baillie Gifford & Co Limited

10 June 2026

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

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