Abrdn Euro Log Regulatory News (ASLI)

22 October 2020

Aberdeen Standard European Logistics Income PLC

LEI: 213800I9IYIKKNRT3G50

New Master Facilities Loan Agreement

The Board of Aberdeen Standard European Logistics Income PLC (the "Company" or "ASLI") announces that the Company has entered into a new uncommitted four year €40 million master facilities loan agreement (the "Facility") with Investec Bank plc.

Under the Facility, the Company may make requests for drawdowns at selected short-duration tenors as and when needed to fund acquisitions or for other liquidity requirements. Within the Facility, Investec has also agreed to make available a £3.3 million committed revolving credit facility ("RCF") which will be carved out of the total €40 million limit of the Facility. The purpose of this RCF is to partly replace the Company's existing £6 million Societe Generale overdraft facility and provide a small amount of committed liquidity with which to cover liquidity gaps.

The master facility agreement includes covenants of a type typical of such an agreement including: a maximum ratio in respect of the loan to adjusted eligible net asset value of 25%, maximum leverage ratio of 55% to gross asset value, a dividend yield test with the minimum dividend paid to loan value of 25% and a diversification test with a minimum number of five eligible investments.

This new Facility sits at the parent company level and will give added flexibility to the Company.

Evert Castelein, Investment Manager to ASLI commented:

"I am very pleased that the company is now able to announce the signing of this new bank facility with Investec Bank. This will increase the Company's flexibility to acquire new assets prior to any fresh equity raise and will reduce the impact of cash drag on investment returns.

Over the last few months we have built an interesting pipeline of assets which would help further diversify the tenant and asset mix. We are optimistic that the Company will shortly be in a position to announce the start of due diligence on some of these.

The logistics sector continues to grow with the increasing demand from market participants for newer, quality warehousing driven by their demand for increased space both for the re-shoring of operations and to address the rise in e-commerce demands."

For further information please contact:

Aberdeen Asset Management PLC +44 (0) 20 7463 6000

Luke Mason

Gary Jones

Investec Bank plc +44 (0) 20 7597 4000

Dominic Waters

Neil Brierley

Will Barnett

Alice Douglas