Cover Letter to Offer to Repurchase Form SC TO I

Cover Letter to Offer to Repurchase

Cover Letter to Offer to Repurchase

IF YOU DO NOT WANT TO SELL YOUR SHARES AT THIS TIME,
PLEASE DISREGARD THIS NOTICE.
THIS IS SOLELY NOTIFICATION OF THE FUND'S TENDER OFFER.

November 20, 2024

Dear Federated Hermes Project and Trade Finance Tender Fund Shareholder:

We are writing to inform you of important dates relating to a tender offer by Federated Hermes Project and Trade Finance Tender Fund (the "Fund"). If you are not interested in tendering any of your common shares of beneficial interest in the Fund ("Shares") for repurchase by the Fund at this time, please disregard this notice and take no action.

The tender offer period will begin on November 20, 2024. While tenders of Shares may be withdrawn by written notice received by the Fund by no later than 3:00 p.m., Eastern Time, on December 19, 2024, unless extended, tenders of Shares must be submitted no later than December 19, 2024, unless extended. The purpose of the tender offer is to provide liquidity to shareholders of the Fund. Shares may be presented to the Fund for repurchase only by tendering them during one of the Fund's announced tender offers.

Should you wish to tender any of your Shares for repurchase by the Fund during this tender offer period, please complete and return the enclosed Letter of Transmittal such that it is received by the Fund by no later than December 19, 2024, unless extended. If you do not wish to sell your Shares, simply disregard this notice. NO ACTION IS REQUIRED IF YOU DO NOT WISH TO SELL ALL OR ANY PORTION OF YOUR SHARES AT THIS TIME.

All tenders of Shares must be received by the Fund, either by mail or by fax, in good order no later than December 19, 2024, unless extended.

We anticipate having tender offers each quarter, subject to approval by the Board of Trustees and as detailed in the prospectus of the Fund.

If we may be of further assistance, please contact us by calling 1-855-328-0109, Monday through Friday (except holidays), from 9:00 a.m. to 6:00 p.m., Eastern Time.

Sincerely,

Federated Hermes Project and Trade Finance Tender Fund