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Default Alternative formula to exclude holiday calculation

Hello,

I have this formula and return the date in (date/time format) that exclude
weekend and holiday. But for whatever reasons (don't know) it is not
excluding holiday in the calculation. Wondering is there a different formula
to use to excluding those holiday which is a list of date on a separate sheet.

=WORKDAY($M$1,INT(K3),Holiday!$A$2:$A$109)+MOD(K3, 1)

where M1 is the start date
K3 is number of days required ex: 2.015 days.
A2:A109 is a list of holiday date.

Thanks
 
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