Further to its announcement on 21 January 2021, the Board of Hipgnosis Songs Fund Limited, the first UK listed investment company offering investors a pure-play exposure to songs and associated musical intellectual property rights, and its Investment Adviser, The Family (Music) Limited, are pleased to announce that the Company has successfully raised total gross proceeds of £75 million by way of the Initial Placing, Offer for Subscription and Intermediaries Offer.

In addition, at the Extraordinary General Meeting ("EGM") of the Company held at 10.00 am today, the special resolution was passed without amendment by the requisite majority.