Update on NAV and SpaceX valuation

Summary by AI ^BETAClose X

The Schiehallion Fund Limited announced an upward adjustment to the valuation of its holding in Space Exploration Technologies Corporation ('SpaceX'), which has increased the Company's Net Asset Value to 176.62 cents as of March 31, 2026. This revaluation means SpaceX now represents 12.8% of the Company's total assets, up from 10.5% at the end of February 2026.

Disclaimer*

Schiehallion Fund Limited (The)

01 April 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 Space Exploration Technologies Corporation ('SpaceX')

Today, the Board has been advised by the Manager of an upwards adjustment in the valuation of the Company's holding in SpaceX 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 31 March 2026 stands at 176.62 cents.

Following that adjustment in valuation the proportion of the Company's total assets made up by SpaceX stands at 12.8% at close of business on 31 March 2026, compared with 10.5% on 28 February 2026.

Baillie Gifford & Co Limited

1 April 2026

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

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