Ashoka India Equity Investment Trust Plc Regulatory News (AIE)

Issue of Ordinary Shares

Ashoka India Equity Trust plc (the "Company") announces that it has today issued 225,000 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 272.90 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 168,066,893 Ordinary Shares and this is the total number of Ordinary Shares with voting rights in the Company. This figure 168,066,893 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:

NSM Funds (UK) Limited

Company Secretary

Brian Smith/Shilla Pindoria Ashoka@nsm.group

Peel Hunt LLP

Luke Simpson, Huw Jeremy (Investment Banking) Tel: 020 7418 8900

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