Net Asset Value(s)

MENHADEN RESOURCE EFFICIENCY PLC

NET ASSET VALUE

The estimated un-audited net asset value per share for Menhaden Resource Efficiency PLC, calculated in accordance with the guidelines of the Association of Investment Companies, at the close of business on 15 July 2021 is 148.63p (cum income).

For and on behalf of the Board
Frostrow Capital LLP
Secretary

16 July 2021