Ashoka India Equity Investment Trust Plc Regulatory News (AIE)

NOT FOR RELEASE, DISTRIBUTION OR PUBLICATION, DIRECTLY OR INDIRECTLY, IN OR TO INDIA, THE UNITED STATES, AUSTRALIA, CANADA, THE REPUBLIC OF SOUTH AFRICA, JAPAN OR ANY MEMBER STATE OF THE EEA OR ANY OTHER JURISDICTION IN WHICH THE PUBLICATION, DISTRIBUTION OR RELEASE OF THIS ANNOUNCEMENT WOULD BE UNLAWFUL.

4 September 2023

ASHOKA INDIA EQUITY INVESTMENT TRUST PLC

Issue of Ordinary Shares

Ashoka India Equity Trust plc (the "Company") announces that it has today issued 300,000 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 220.60 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 115,384,947 Ordinary Shares and this is the total number of Ordinary Shares with voting rights in the Company. This figure 115,384,947 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)