Director/PDMR Shareholding

RTW VENTURE FUND LIMITED

(the "Company")

NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES ("PDMR") AND PERSONS CLOSELY ASSOCIATED ("PCA") WITH THEM

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Forest Nominees Limited re William Scott

2

Reason for the notification

a)

Position/status

William Scott

Director of RTW Venture Fund Limited

b)

Initial notification /Amendment

Initial Notification

3

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

a)

Name

RTW Venture Fund Limited

b)

LEI

549300Q7EXQQH6KF7Z84

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, type of instrument

Identification code

Ordinary Shares of no par value

GG00BKTRRM22

b)

Nature of the transaction

Acquisition of shares purchased as part of the IPO

c)

Price(s) and volume(s)

d)

Aggregated information

- Aggregated volume

- Price

- Principal amount

50,000

$1.0397

$51,985.00

e)

Date of the transaction

30 October 2019

f)

Place of the transaction

London Stock Exchange, Specialist Fund Segment