Net Asset Value(s)

HWSI Realisation Fund Limited

(the "Company")

Net Asset Value

The Company announces that the unaudited cum-income net asset value per Ordinary Share as at 30 June 2020 was 62.36 pence.

The net cash position as at 30 June 2020 was GBP 5.8m.

LEI: 213800ABN7VKMVNOLG14

Note:

The Net Asset Value continues to be reported on an effective interest rate ("EIR") basis excluding certain adjustments which principally relate to upfront fees received. EIR reconciliations are provided in the Company's year end and interim financial statements.

Terms used in this announcement shall, unless the context otherwise requires, bear the meanings given to them in the prospectus published by the Company on 2 May 2017.

Contact Details:

Hadrian's Wall Capital (Investment Adviser)

Ron Miao / Mike Schozer

Telephone: 020 3026 8620

International Fund Management (Investment Manager)

Chris Hickling

Telephone: 01481 737600

Praxis Fund Services Limited (Administrator)

Ben Le Prevost

Telephone: 01481 755524

Winterflood Investment Trusts (Corporate Broker)

Neil Morgan

Telephone: 020 3100 0000