Further to the announcement by Psyence Group Inc. (Psyence Group) of the closing (Closing) of the business combination of its subsidiary, Psyence Biomedical Ltd. (PBM) with Newcourt Acquisition Corp. (Newcourt) (Business Combination or Spin-Out). Warwick-Corden Lloyd will step down as the Chief Financial Officer of Psyence Group to assume the position of Chief Financial Officer of PBM.

Adri Botha, Psyence Group's Group Financial Manager, will act as Interim Chief Financial Officer of Psyence Group while the search for a new Chief Financial Officer and Chief Executive Officer continues.