Holding(s) in Company

For filings with the FCA include the annex

For filings with issuer exclude the annex

TR-1: Notifications of Major Interests in Shares

1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached:

Schroder Asian Total Return Investment Company plc

2. Reason for the notification

(please place an X inside the appropriate bracket/s):

An acquisition or disposal of voting rights: ( X )

An acquisition or disposal of financial instruments which may result in the acquisition of shares already issued to which voting rights are attached: ( )

An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments: ( )

An event changing the breakdown of voting rights: ( )

Other (please specify) :( )

3. Full name of person(s) subject to notification obligation:

Old Mutual Plc

4. Full name of shareholder(s) (if different from 3):

5. Date of transaction and date on which the threshold is crossed or reached:

19 April 2017

6. Date on which issuer notified:

24 April 2017

7. Threshold(s) that is/are crossed or reached:

Crossed above 10%

8. Notified Details:

A: Voting rights attached to shares

B: Qualifying Financial Instruments

Resulting situation after the triggering transaction

Total (A+B +C)

9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable:

N/A

Proxy Voting:

10. Name of proxy holder:

N/A

11. Number of voting rights proxy holder will cease to hold:

N/A

12. Date on which proxy holder will cease to hold voting rights:

N/A

13. Additional information:

N/A

14. Contact name:

Andrea Davidson

15. Contact telephone number:

020 7658 4430

Date: 24 April 2017