Open Letter to the Board of Directors of ASLI

OPEN LETTER TO THE BOARD OF DIRECTORS OF ASLI

Regarding the Immediate Suspension of Asset Sales
and the Convening of a General Meeting of Shareholders

From: DL Invest Group S.A., the largest shareholder of abrdn European Logistics Income plc (ASLI)

Dear Members of the Board,

As the largest shareholder of abrdn European Logistics Income plc ("ASLI" or the "Company"), holding approximately 18% of the Company's issued share capital, we consider it our responsibility to publicly address recent developments concerning the Company's strategic direction and the ongoing disposal of assets.  This follows protracted private engagement, including various meetings and correspondence between us over several weeks.

DL Invest Group is a long-term institutional investor and one of the fastest-growing logistics and data-center developers in Europe. Our intention is clear and constructive: to safeguard ASLI's long-term value, protect shareholders from irreversible loss, and restore the Company to a growth trajectory.

In this context, we hereby urge the board to implement:

1. the immediate suspension of further asset sales, and

2. the convening of a General Meeting of shareholders to change ASLI's investment policy as soon as practicable,

so that all shareholders may vote on the Company's future strategy before any additional irreversible actions are taken.  We intend to serve a formal requisition notice on ASLI to convene a General Meeting for these purposes as soon as possible.

The details, including the arguments supporting our proposal, are available in the full version of the letter, which can be found at the website address: 

https://dlinvest.pl/en/open-letter-to-the-board-of-directors-of-asli/