Total Voting Rights

Menhaden Capital PLC

1 March 2016

Menhaden Capital PLC

Voting Rights and Capital

In accordance with the Financial Conduct Authority’s Disclosure and Transparency Rules, Menhaden Capital PLC (the “Company”) announces the following:

As at 29 February 2016, the Company’s voting capital consists of ordinary shares of 1p with each ordinary share holding one voting right. The total number of ordinary shares in issue is 80,000,001. The Company has no ordinary shares in Treasury.

Therefore, the total number of voting rights in the Company is 80,000,001.

The above figure (80,000,001) may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in the Company, or a change to their interest in the Company, under the Financial Conduct Authority's Disclosure and Transparency Rules.

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Frostrow Capital LLP

Company Secretary

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