Woodbois Regulatory News (WBI)

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:

Woodbois Limited

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

Non-UK issuer

X

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

Lombard Odier Asset Management (Europe) Limited

City and country of registered office (if applicable)

London, United-Kingdom

4. Full name of shareholder(s) (if different from 3.)v

Name

Disclosure on behalf of accounts managed on a discretionary basis by Lombard Odier Investment Managers group.

City and country of registered office (if applicable)

5. Date on which the threshold was crossed or reachedvi:

28/04/2022

6. Date on which issuer notified (DD/MM/YYYY):

28/04/2022

7. Total positions of person(s) subject to the notification obligation

% of voting rights attached to shares (total of 8. A)

% of voting rights through financial instruments(total of 8.B 1 + 8.B 2)

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

Total number of voting rights held in issuer (8.A + 8.B) vii

Resulting situation on the date on which threshold was crossed or reached

19.39%

19.39%

369,852,222

Position of previous notification (if

applicable)

24.23%

24.23%

395,540,230

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 ofshares

ISIN code (if possible)

Number of voting rightsix

% of voting rights

Direct

(Art 9 of Directive 2004/109/EC) (DTR5.1)

Indirect

(Art 10 of Directive 2004/109/EC) (DTR5.2.1)

Direct

(Art 9 of Directive 2004/109/EC) (DTR5.1)

Indirect

(Art 10 of Directive 2004/109/EC) (DTR5.2.1)

GG00B4WJSD17

369,852,222

19.39%

SUBTOTAL 8. A

369,852,222

19.39%

B 1: Financial Instruments according to Art. 13(1)(a) of Directive 2004/109/EC (DTR5.3.1.1 (a))

Type of financial instrument

Expirationdatex

Exercise/Conversion Periodxi

Number of voting rights that may be acquired if the instrument is

exercised/converted.

% of voting rights

n/a

n/a

n/a

n/a

n/a

SUBTOTAL 8. B 1

n/a

n/a

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

Expirationdatex

Exercise/Conversion Period xi

Physical or cash

settlementxii

Number of voting rights

% of voting rights

n/a

n/a

n/a

n/a

n/a

n/a

SUBTOTAL 8.B.2

n/a

n/a

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 thefinancial 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

Lombard Odier Asset Management (Europe) Limited

19.39%

n/a

19.39%

10. In case of proxy voting, please identify:

Name of the proxy holder

n/a

The number and % of voting rights held

The date until which the voting rights will be held

11. Additional informationxvi

Please note that no trading activity occurred between our last public disclosure on 3rd March 2021 (24.23%) and 26th April 2022 (20.74%) where changes were due to changes in voting shares in issue.

Place of completion

London

Date of completion

28/04/2022

1.

Details of the Person discharging managerial responsibilities ("PDMR") / person closely associated with them ("PCA")

a)

Name

Lombard Odier Asset Management (Europe) Limited

2.

Reason for the notification

a)

Position / status

Person closely associated with Henry Tucan

b)

Initial notification / amendment

Initial notification

3.

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Woodbois Limited

b)

Legal Entity Identifier

 2138001U7SLCSRKV3P06

4.

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the financial instrument

Ordinary Shares

b)

Nature of the transaction

Sale

c)

Price(s) and volume(s)

d)

Aggregated information

- Aggregated volume

- Aggregated price

- Aggregated total

e)

Date of the transaction

27/28 April 2022 (UK)

f)

Place of the transaction

London Stock Exchange, AIM

Woodbois Limited

Paul Dolan - Chief Executive Officer

Carnel Geddes - Chief Financial Officer

+ 44 (0)20 7099 1940

Canaccord Genuity, Nominated Advisor

Henry Fitzgerald-O'Connor

James Asensio

Gordon Hamilton

+ 44 (0)20 7523 8000

Celicourt Communications (IR/PR)

Mark Antelme

Jimmy Lea

+44 (0)20 8434 2643

woodbois@celicourt.uk