REG - Ashoka India Equity - Issue of Equity

• 29 April 2024

• ASHOKA INDIA EQUITY INVESTMENT TRUST PLC

• Issue of Ordinary Shares

• Ashoka India Equity Trust plc (the "Company") announces that it has today issued 3,050,000 of its ordinary shares of one penny each (Ordinary Shares) pursuant to its block listing facility. The Ordinary Shares will be issued at a price of 266.00 pence per Ordinary Share, a premium to the prevailing net asset value (cum income) per Ordinary Share.

• Following the issue of Ordinary Shares, the Company's issued share capital will comprise 144,007,445 Ordinary Shares and this is the total number of Ordinary Shares with voting rights in the Company. This figure 144,007,445 may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to, their interest in the Company under the Financial Conduct Authority's Disclosure Guidance and Transparency Rules.

• The Company's LEI is 213800KX5ZS1NGAR2J89.

• For further information please contact:

• Peel Hunt LLP

• Luke Simpson, Liz Yong, Huw Jeremy (Investment Banking)                                                                          

   Tel: 020 7418 8900

• Alex Howe, Chris Bunstead, Ed Welsby, Richard Harris (Sales)

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