Asset Value Investors Ltd has disclosed a 7.57% stake in Hipgnosis Songs Fund Limited, representing 91,572,201 1p Ordinary Shares. The disclosure was made in accordance with Rule 8.3 of the Takeover Code. The disclosure includes information about the interests and short positions in the relevant securities, as well as details of any dealings by the person making the disclosure. The disclosure also confirms that there are no indemnity or other dealing arrangements, agreements, arrangements, or understandings relating to options or derivatives. No supplemental form is attached to the disclosure.