Eddie Stobart Logistics : HOLDING(S) IN COMPANY - Woodford Investment Management Ltd

TR-1: Standard form for notification of major holdings

NOTIFICATION OF MAJOR HOLDINGS (to be sent to the relevant issuer and to the FCA in Microsoft Word format if possible)i

1a. Identity of the issuer or the underlying issuer of existing

shares to which voting rights are attachedii:

Eddie Stobart Logistics PLC

1b. Please indicate if the issuer is a non-UK issuer (please mark with an "X" if appropriate)

Non-UK issuer

2. Reason for the notification (please mark the appropriate box or boxes with an "X")

An acquisition or disposal of voting rights

X

An acquisition or disposal of financial instruments

An event changing the breakdown of voting rights

Other (please specify)iii:

3. Details of person subject to the notification obligationiv

Name	Woodford Investment Management Ltd
9400 Garsington Road, Oxford, OX4 2HN, United
City and country of registered office (if applicable)	Kingdom
4. Full name of shareholder(s) (if different from 3.)v
Name
City and country of registered office (if applicable)
5. Date on which the threshold was crossed or reachedvi:	01/11/2018
6. Date on which issuer notified (DD/MM/YYYY):	02/11/2018

7. Total positions of person(s) subject to the notification obligation % of voting rights % of voting rights attached to shares (total of 8. A)

through financial instruments

(total of 8.B 1 + 8.B 2)Total of both in % (8.A + 8.B)

Total number of voting rights of issuerviiResulting situation on the date on which threshold was crossed or reached

24.05%

24.05%

379,347,372

Position of previous notification (if applicable)

23.35%

23.35%

8. Notified details of the resulting situation on the date on which the threshold was crossed or reachedviii A: Voting rights attached to shares

Class/type of	% of voting rights
shares	Direct	Indirect	Direct	Indirect
ISIN code (if possible)	(Art 9 of Directive	(Art 10 of	(Art 9 of Directive	(Art 10 of Directive
2004/109/EC)	Directive	2004/109/EC)	2004/109/EC)
(DTR5.1)	(DTR5.1)	(DTR5.2.1)

Number of voting rightsix

2004/109/EC) (DTR5.2.1)
GB00BD8QVC95	91,247,117	24.05%
SUBTOTAL 8. A	91,247,117		24.05%

B 1: Financial Instruments according to Art. 13(1)(a) of Directive 2004/109/EC (DTR5.3.1.1 (a))Type of financial instrumentExpiration datexExercise/ Conversion PeriodxiNumber of voting rights that may be acquired if the instrument is exercised/converted.

% of voting rightsSUBTOTAL 8. B 1

B 2: Financial Instruments with similar economic effect according to Art. 13(1)(b) of Directive 2004/109/EC (DTR5.3.1.1 (b))

Type of financial instrument

Physical or cash settlementxii

% of voting rights

SUBTOTAL 8.B.2

9. Information in relation to the person subject to the notification obligation (please mark the applicable box with an "X")
Person subject to the notification obligation is not controlled by any natural person or legal entity and does not control any other undertaking(s) holding directly or indirectly an interest in the (underlying) issuerxiii				X
Full chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held starting with the ultimate controlling natural person or legal entityxiv (please add additional rows as necessary)
Namexv	% of voting rights if it equals or is higher than the notifiable threshold	% of voting rights through financial instruments if it equals or is higher than the notifiable threshold	Total of both if it equals or is higher than the notifiable threshold
Woodford Investment Management Ltd	24.05	0.00	24.05

10. In case of proxy voting, please identify:

Name of the proxy holder

The number and % of voting rights held

The date until which the voting rights will be held

11. Additional informationxvi

Place of completion	9400 Garsington Road, Oxford, OX4 2HN, United Kingdom
Date of completion	01/11/2018