Net Asset Value(s)

UK Mortgages Ltd - Net Asset Value(s)

PR Newswire

London, October 15

UK MORTGAGES LIMITED

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

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Final Net Asset Value

UKML RNS: Commentary accompanying UK Mortgages Limited August 2018 NAV

The UKML NAV per share was calculated for August 2018 month end at 84.11 pence per share.

The main driver of this month’s NAV continues to be the accrued income from the fund’s underlying investments, combined with the ongoing pull to par from Oat Hill No.1. These were offset by certain transaction costs associated with the recent portfolio acquisitions, substantially driving the minor NAV change from last month.

The fund’s investments continue to perform exceptionally well, in line with expectations and more details will be available in the fund’s next factsheet to be published shortly.

Enquiries:

Northern Trust International Fund Administration Services (Guernsey) Limited

Andrew Bonham 44 (0)1481 745302

Date: 15 October 2018