Abrdn New India Regulatory News (ANII)

abrdn New India Investment Trust plc

LEI - 549300D2AW66WYEVKF02

24 June 2025

Change in Management Fee Calculation

The Board of abrdn New India Investment Trust plc (the "Company") announces that it has agreed an amendment to the mechanism for calculating the management fee charged by abrdn Fund Managers Limited ("aFML") under the terms of the Company's management agreement with aFML dated 14 July 2014 (as amended) (referred to as the "MA") in order to more closely align its interests with that of its shareholders.

It has been agreed that, with effect from 1 April 2025, the annual investment management fees are calculated at 0.8% in respect of the first £300 million of the Company's market capitalisation and 0.6% in respect of the Company's market capitalisation in excess of £300 million. The Company will also pay an annual secretarial and fund administration fee of £45,000, plus applicable VAT, which will increase each year in line with inflation. All other terms within the MA remain the same.

The amendments to the MA are considered to be a relevant related party transaction under the FCA's UK Listing Rule 11.5.4R(1) and this announcement is being made in accordance with UK Listing Rule 8.2.1R. The Board, which has been so advised by Winterflood Securities Limited, considers that the amendments to the MA are fair and reasonable as far as shareholders are concerned.

Enquiries:

For further information, please contact:

abrdn Holdings Limited

Secretaries

Email:  cef.cosec@abrdn.com