Net Asset Value(s)

UK Mortgages Ltd - Net Asset Value(s)

PR Newswire

London, June 13

UK MORTGAGES LIMITED(a closed-ended investment company incorporated in Guernsey with registration number 60440 )

Final Net Asset Value

UKML RNS: Commentary accompanying UK Mortgages Limited April 2017 NAV

The UKML NAV per share was calculated for April month-end at 88.74 pence per share.

The reduction in the NAV was driven mostly by the dividend payment of 1.5 pence per share, which was partially offset by the accrual of the underlying investments.

As reported in the recent announcement, the CHL portfolio purchased in February 2017 has now been securitised with £477.1m of Triple-A rated bonds issued at a yield of 3m LIBOR + 85bps, settling on 26th June. Following the securitisation, the portfolio managers continue to seek further investment opportunities.

More details on the portfolio and pipeline will be provided in the fund’s factsheet to be published shortly, and in the webinar scheduled for 26th June 2017.

Enquiries:

Northern Trust International Fund Administration Services (Guernsey) Limited

Andrew Bonham 44 (0)1481 745302

Date: 13 June 2017