Third Interim Dividend

abrdn Asian Income Fund Limited (the "Company")

Legal Entity Identifier (LEI): 549300U76MLZF5F8MN87

20 October 2022

Declaration of Third Interim Dividend

The Directors of the Company have today declared a third interim dividend in respect of the year ending 31 December 2022 of 2.3p per Ordinary share of No Par Value (third interim for 2021: 2.25p). The third interim dividend will be payable on 18 November 2022 to Ordinary shareholders on the register on 28 October 2022, ex-dividend date 27 October 2022.

The Board is very aware of the importance of dividends to shareholders and is pleased to reiterate that the Company is targeting a total dividend of at least 9.75p per Ordinary share for the years ending 31 December 2022 and 2023. 

The level of the fourth interim dividend for 2022 will be considered in early January 2023, at which point an announcement will be made by the Company. There are healthy revenue reserves built up over the past decade that the Board will consider using as appropriate. Any decision as to whether revenue reserves will be utilised (and by how much) will be taken at the time of the declaration of the fourth interim dividend.

The Company operates a Dividend Reinvestment Plan (DRIP) which is managed by the registrar, Link Group, and the deadline for elections under the DRIP will be 28 October 2022.

abrdn Capital International Limited

Company Secretary