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Woodford Patient Capital Trust Statement

STATEMENT WITH REGARD TO THE WOODFORD PATIENT CAPITAL TRUST

WYPF holds shares in the Woodford Patient Capital Trust worth £3.5million. The value of the shareholding is less than 0.025% of the £14.3billion West Yorkshire Pension Fund investment portfolio. The Fund’s investments are reviewed on a continual basis.

The Fund does not comment on individual shareholdings, and will not be making any further comment at this time regarding the Woodford Patient Capital Trust.

West Yorkshire Pension Fund (WYPF) has never held shares in the Woodford Equity Income Fund.