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MENHADEN CAPITAL PLC

IPO successfully raises £80 million

29 July 2015 Menhaden Capital PLC (the “Company"), a newly incorporated investment fund focusing on matching patient capital with investment opportunities created by a global transition to an efficient use of energy and resources, today announces that it has raised gross proceeds of £80 million in its initial public offering (“IPO”) of shares on (i) the London Stock Exchange plc's main market for listed securities (the "London Stock Exchange") and (ii) the Social Stock Exchange Segment of the ICAP Securities & Derivatives Exchange Main Board (the "ISDX").

Applications have been made to the UK Listing Authority for 80 million Ordinary Shares to be admitted to the premium segment of the Official List and to each of the London Stock Exchange and the ISDX for such Ordinary Shares to be admitted to trading on (i) the London Stock Exchange's main market for listed securities and (ii) the Social Stock Exchange Segment of the ISDX. Unconditional trading is expected to commence at 8.00am on 31 July 2015 under the TIDM: MHN.

Numis Securities Limited is acting as sole sponsor, corporate broker and bookrunner to the Company.

Commenting on the announcement, Ben Goldsmith, Chief Executive Officer of Menhaden Capital Management LLP, said: â€œI am hugely grateful to all of the investors who participated in the IPO of Menhaden Capital. I’m delighted that the Company is listing on the London Stock Exchange on July 31st with a solid capital base of £80 million. We are all now excited about getting to work investing in select opportunities arising from the great transition to an energy and resource efficient world.”

For further details contact:

Numis Securities (Investors)                      020 7260 1000
James Glass (Sales)
Maurice Franks (PCFM)
David Benda (Corporate Broking & Advisory)
Freddie Naylor-Leyland (Corporate Broking & Advisory)

MHP Communications (Media)                   020 3128 8100
Mark Lunn
James Morgan