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 5 July 2022 was 136.59p (cum income).

For and on behalf of the Board

Frostrow Capital LLP

Secretary                                                  

06 July 2022