7 May 2024
Asia Dragon Trust plc
Response to AWEM Announcement
The Board of Asia Dragon Trust plc ("DGN" or the "Company") notes the announcement this morning by Ashoka WhiteOak Emerging Markets Trust plc ("AWEM") regarding a proposal for the combination of the assets of DGN and AWEM by way of a scheme of reconstruction of DGN pursuant to section 110 of the Insolvency Act 1986 and a rollover of its assets into AWEM (the "AWEM Proposals").
The Board confirms that it has received an approach from AWEM and urges shareholders to take no action at this time in relation to the AWEM Proposals.
The Company will make a further announcement in due course.
For further information:
| abrdn Holdings Limited Charles Mearns (Company Secretary)
| 0131 372 9369 |
| Winterflood Investment Trusts Neil Langford
| 020 3100 0160 |
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