Result of General Meeting

LEI: 213800NQOLJA1JCWXQ56

8 December 2025

THE SCHIEHALLION FUND LIMITED (MNTN)

Result of Extraordinary General Meeting and Intention to Proceed with Admission to the CEIF Category of the Official List and to trading on the Main Market of the London Stock Exchange

As announced on 11 November 2025, the Schiehallion Fund Limited (the "Company") had convened an extraordinary general meeting (the "Extraordinary General Meeting") to approve resolutions (the "Resolutions") in connection with the Company's intention to apply for admission of its Ordinary Shares to listing on the closed-ended investment funds category of the Financial Conduct Authority (the "CEIF Category") and to trading on the Main Market of the London Stock Exchange (together, "Admission").

The Company is pleased to announce that, at the Extraordinary General Meeting held earlier today, all Resolutions put forward were passed by way of a poll, including those detailed below:

·    Shareholders approved a special resolution authorising the Company to implement the Proposals described in the Circular, apply for Admission and adopt the New Articles; and

·    Shareholders approved an ordinary resolution approving a waiver of Rule 9 of the Takeover Code relating to the proposed issue of the Class B Share to the Trustee.

The following levels of proxy appointments and associated instructions were received prior to the meeting:

Accordingly, the Company has applied for the Admission of all of its issued shares, being 1,025,203,907 Ordinary Shares. Shareholders do not need to take any action with respect to their Ordinary Shares (whether held in certificated or uncertificated form) in connection with Admission. The Company's ISIN and LEI will remain the same.

The Company also intends to introduce concurrent with Admission a new quote in GBP for the Ordinary Shares, which will have its own ticker (MNTS) and SEDOL (BSSDQ53). Admission, and commencement of the new GBP quote, are expected to take effect at 08:00 a.m. on 10 December 2025.

In conjunction with the application for Admission, the Company is required to make a statement as to the sufficiency of its working capital.  Accordingly, the Company is of the opinion that the working capital is sufficient for the Company's present requirements, that is for at least 12 months from the date of this announcement.

For the purposes of this announcement, unless otherwise defined, capitalised words and phrases shall have the meaning given to them in the circular to Shareholders dated 11 November 2025 (the "Circular").

A copy of the results will be submitted to the National Storage Mechanism and will be available for inspection at https://data.fca.org.uk/#/nsm/nationalstoragemechanism.

For further information please contact:

Baillie Gifford & Co Limited

Alex Blake

+44 (0) 131 275 2000

Winterflood Securities Limited

Neil Morgan

+44 (0) 20 3100 000