Abrdn Euro Log Regulatory News (ASLI)

abrdn European Logistics Income plc LEI: 213800I9IYIKKNRT3G50

Conditional sale and fourth interim dividend

6 May 2026 - abrdn European Logistics Income plc (the "Company" or "ASLI"), which is in the process of winding down its portfolio of European logistics real estate, announces that it has signed a conditional sale agreement ('SPA') over its warehouse located in Ede, the Netherlands, as part of its shareholder-approved managed wind-down.

Constructed in 1997 and expanded in 2007, the 39,569 square metre freehold warehouse is leased to AS Watson (Property Continental Europe) B.V. until 31 July 2033. Within the SPA, the Company has agreed to undertake certain climate related remedial works at a cost of no more than €0.5 million. Completion is expected by the end of May 2026, and further details will be released at that time.

Continued Sales Process

The Company's shareholder-approved managed wind-down is now close to completion. Following this sale later in May, 26 of the original 27 assets will have been sold. Proceeds from the sale of the Company's Polish assets are in the process of being repatriated to the parent company, subject to relevant tax authority clearances.

The remaining asset is subject to early-stage due diligence as part of the ongoing sales process. The Board remains hopeful of completing the final sale and being in a position to place the Company into liquidation in the second half of this year.

Fourth Interim Dividend and Returns of Capital

The Board has today declared a fourth interim dividend of 2.32 euro cents (equivalent to 2.0 pence) per Ordinary share in respect of the year ended 31 December 2025, payable in sterling on 11 June 2026 to Ordinary shareholders on the register on 15 May 2026 (ex-dividend date of 14 May 2026).

Such dividend payments may take the form of either dividend income or "qualifying interest income" which may be designated as an interest distribution for UK tax purposes and therefore subject to the interest streaming regime applicable to investments trusts. Of this interim dividend declared of 2.0 pence per Ordinary share, 1.86 pence (equivalent to 2.16 euro cents) is declared as dividend income with 0.14 pence (equivalent to 0.16 euro cents) treated as qualifying interest income.

The dividend will be paid in sterling to Shareholders on the register. Euro elections will not be available due to the historic limited take-up and cost to the Company of offering this option.

Since the commencement of the managed wind-down, approved by Shareholders on 23 July 2024, including the most recently announced B Share scheme distribution together with this fourth interim dividend, the Company will have returned to Shareholders 43.0 pence per Ordinary share via the B Share scheme together with 7.08 pence in the form of interim dividend distributions, totalling 50.08 pence or c. £206 million.

The Company announced on 24 April 2026 its fifth capital distribution by way of the Company's B Share scheme with payment for redeemed B Shares scheduled for 29 May 2026. This fifth B Share distribution substantially depletes the Company's existing distributable reserve established for the purposes of the B Share scheme. In order to support a further return of capital to Shareholders, the Company will seek certain shareholder approvals at the forthcoming AGM. Further details are set out in the Annual Report and Notice of AGM. This process, which requires Court approval, will enable a further return of capital, which is expected to be announced in early Q3.

Whilst the proposed court approval process and subsequent B Share distribution will substantially exhaust the reserves available for the B Share scheme, the Company continues to consider the most appropriate mechanism for returning final sales proceeds to shareholders as it moves into the final stages of the managed wind-down and towards the anticipated appointment of a liquidator.

The Board and its advisers also continue to engage with DL Invest regarding its interest in taking over the management of the Company. The Board will consider any fully developed and appropriately costed proposal only where it believes there is a clear benefit for Shareholders as a whole and where such proposal does not prejudice or delay the final stages of the managed wind-down or the return of capital to Shareholders.

Details of the Company and its remaining property portfolio may be found on the Company's website at: http://www.eurologisticsincome.co.uk

For further information please contact:

Aberdeen +44 (0) 20 7156 2382

Ben Heatley

Investec Bank plc +44 (0) 20 7597 4000

David Yovichic

Denis Flanagan

FTI Consulting +44 (0) 20 3727 1000

Dido Laurimore

Richard Gotla

Oliver Parsons