Abrdn Asiafocus Regulatory News (AAS)

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:

Aberdeen Standard Asia Focus 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: Horizontal Aggregation Disclosure

X

3. Details of person subject to the notification obligationiv

Name

Brewin Dolphin Ltd

City and country of registered office (if applicable)

London, United 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:

29 October 2019

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

31/10/2019

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 of issuervii

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

2.3236%

N/A

2.3236%

36,046,207

Position of previous notification (if

applicable)

2.3329%

N/A

2.3329%

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)

ORD 0.25

GB0000100767

N/A

408,574

N/A

1.2187%

2.25% CNV 31/05/2025 GBP GB00BFZ0WT29

N/A

428,989

N/A

17.0109%

SUBTOTAL 8. A

837,563

2.3236%

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

SUBTOTAL 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

Expirationdatex

Exercise/Conversion Period xi

Physical or cash

settlementxii

Number of voting rights

% 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

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)

X

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

ORD 25p

Indirect - Brewin Nominees Limited A/c NOM

0.9867%

N/A

0.9867%

Indirect - Brewin Nominees Limited A/c ISA

0.0983%

N/A

0.0983%

Indirect - Brewin Nominees Limited A/c GROSS

0.0591%

N/A

0.0591%

Indirect - Brewin Nominees Limited A/c CHARITY

0.0653%

N/A

0.0653%

Indirect - Brewin Nominees Limited A/c OFFBOND

0.0093%

N/A

0.0093%

TOTAL

1.2187%

2.25% CNV 2025

Indirect - Brewin Nominees (Channel Islands) Limited - JPAL

0.1354%

N/A

0.1354%

Indirect - Brewin Nominees Limited A/c NOM

4.4835%

N/A

4.4835%

Indirect - Brewin Nominees Limited A/c ISA

6.6974%

N/A

6.6974%

Indirect - Brewin Nominees Limited A/c GROSS

5.6246%

N/A

5.6246%

Indirect - Brewin Nominees Limited A/c CHARITY

0.0678%

N/A

0.0678%

Indirect - Brewin Nominees Limited A/c OFFBOND

0.0022%

N/A

0.0022%

TOTAL

17.0109%

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

Figures based on the total amalgamated potential Voting Rights that would be in issue in the scenario of all CULS converted @ 36,046,207

Voting rights in issue of 33,524,349 ORD, 36,945,232 @ Conversion Price 14.65 = 2,521,858 2025 CULS.

Disclosure due to the individual horizontal aggregation holding for the 2025 CULS line crossing the 17% reportable threshold.

The indirect voting rights under (9) relate to shares held in client portfolios, managed by those firms, under discretionary investment management agreements.

Place of completion

Newcastle upon Tyne

Date of completion

31 October 2019