ASIA DRAGON TRUST PLC

Capital/Financing Update • Jul 31, 2024

National Storage Mechanism | Additional information

RNS Number : 6327Y

Asia Dragon Trust PLC

31 July 2024

Asia Dragon Trust plc (the "Company")

Legal Entity Identifier (LEI):  549300W4KB0D75D1N730

31 July 2024

Extension of Loan Facility

The Company is pleased to confirm that it has extended the maturity of its unsecured £50 million multi-currency revolving credit facility (the "RCF") with The Royal Bank of Scotland International Limited, London Branch (the "Lender") from 29 July 2024 to 29 March 2025, and increased the principal amount available under the RCF to £75 million.  The £25 million increase has been used to repay the Company's £25 million Fixed Rate Loan with the Lender which matured on 29 July 2024.

The Company now has a single unsecured £75m RCF with the Lender, under which the Company retains flexibility to repay and cancel the facility at any time during its tenor, on 5 business days' notice.

The facility now consists of the following drawings:

·    GBP 25 million drawn on a revolving basis at a current all-in rate of 6.4%; and

·    HKD 480 million drawn on a revolving basis at a current all-in rate of 5.555%.

The Company's total borrowings therefore remain unchanged at £72.8 million in Sterling terms, which gives a net gearing figure of 9.5% based on the Company's net asset value at 29 July 2024.

END

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

MSCSDUFEFELSELW