Issue of Equity

21 April 2017

ISSUE OF SHARES FROM TREASURY

Schroder Asian Total Return Investment Company plc ("the Company") announces that it has issued 2,880,000 ordinary shares of 5p each from treasury at a price of 276.0 pence per share on 20 April 2017.

Following this issue, the Company's issued share capital consists of 75,609,141 ordinary shares of 5p each and an additional 9,595,671 ordinary shares of 5p each held in treasury. Accordingly, the total number of voting rights in the Company is 75,609,141.

The above figure 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.

Enquiries:

Andrea Davidson

Schroder Investment Management Limited

Tel: 020 7658 4430

LEI Number: 549300TQNNGZ0JHO2L78