Asset Value Investors Ltd has disclosed a public opening position in Hipgnosis Songs Fund Limited, representing 1% or more of the relevant securities. The disclosure, made in accordance with Rule 8.3 of the Takeover Code, indicates that as of 20/05/2024, Asset Value Investors Ltd had no interests or short positions in the 1p Ordinary Shares of Hipgnosis Songs Fund Limited. Additionally, the disclosure shows that Asset Value Investors Ltd sold 90,141,594 1p Ordinary Shares at a price of 101.5272p per unit.

The disclosure does not include any cash-settled derivative transactions, stock-settled derivative transactions, or other dealings, such as subscribing for new securities. Furthermore, there are no indemnity or other dealing arrangements, agreements, arrangements, or understandings relating to options or derivatives disclosed in connection with Hipgnosis Songs Fund Limited.

The disclosure was made on 21/05/2024, and no Supplemental Form 8 (Open Positions) is attached. For any public disclosures under Rule 8 of the Code, the Panel's Market Surveillance Unit is available for consultation in relation to the Code's disclosure requirements.

This disclosure provides insight into Asset Value Investors Ltd's position in Hipgnosis Songs Fund Limited, offering transparency in line with regulatory requirements.