Notification and Public Disclosure of Transaction

Menhaden PLC

(the "Company")

Notification and public disclosure of transaction

The Company has been notified of an internal transfer of shares from the Company’s Portfolio Manager, Menhaden Capital Management LLP to the individual partners of Menhaden Capital Management LLP.  On 22 December 2020, Mr Edward Pybus, partner of Menhaden Capital Management LLP, acquired 5,000 ordinary shares of £0.01 each in the Company ("Ordinary Shares") at a price of £1 per share.

As a result of the transfer, Mr Pybus now holds a total of 23,519 Ordinary Shares, representing an aggregate 0.03% of the Company's issued share capital.

For further information:
Frostrow Capital LLP
Company Secretary
020 3709 8734