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15 October 2019
Woodford Patient Capital Trust plc
The Board of Woodford Patient Capital Trust plc (the "Company" or "WPCT") announces that, in light of recent events, Woodford Investment Management Limited ("WIM") has today served notice of termination in relation to its role as Portfolio Manager.
During its three-month notice period, WIM has committed to work collaboratively with the Board and its advisers throughout this transition period in order to protect the interests of shareholders.
The Board is in advanced discussions in relation to the ongoing management of the Company's portfolio and expects to be in a position to announce details of the new management arrangements shortly.
This announcement contains Inside Information as defined under the Market Abuse Regulation (EU) No. 596/2014.
Ed Berry / Tom Blackwell 0203 727 1046 / 1051
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