Further to the statement of Hipgnosis Songs Fund (the “Company”) earlier this morning, Hipgnosis Song Management has fulfilled its duties to the Company with respect to both the independent valuation and preparation of the interim results in a timely and efficient manner. 

Notwithstanding the decision of the Company’s Board to delay publication of the interim financial statements, the Investment Adviser will continue to work in a constructive manner to support the interests of the Company and its shareholders.