ASHOKA INDIA EQUITY INVESTMENT TRUST

Share Issue/Capital Change • Dec 11, 2025

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author: "Anthony Lee"
date: 2022-11-15 17:20:00+00:00
processor: python-docx+mammoth
status: success

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ASHOKA INDIA EQUITY INVESTMENT TRUST PLC

(the “Company”)

Supplementary notification pursuant to UKLR 6.4.2.R.

At the Annual General Meeting of the Company, duly convened and held at the offices of Stephenson Harwood LLP, 1 Finsbury Circus, London EC2M 7SH on 10 December 2025 at 11am, the following special resolutions were passed:

SPECIAL RESOLUTIONS

1. That, subject to the passing of Resolution 12, the Directors be and are hereby empowered (pursuant to sections 570 and 573 of the Act) to allot Ordinary Shares and to sell Ordinary Shares from treasury for cash pursuant to the authority referred to in Resolution 12 as if section 561 of the Act did not apply to any such allotment or sale, such power to expire (unless previously varied, revoked or renewed by the Company in general meeting) at the conclusion of the Annual General Meeting of the Company to be held in 2026 or, if earlier, on the expiry of 15 months from the passing of this resolution, save that the Company may, at any time prior to the expiry of such power, make an offer or enter into an agreement which would or might require equity securities to be allotted or sold from treasury after the expiry of such power, and the Directors may allot or sell from treasury equity securities in pursuance of such an offer or an agreement as if such power had not expired.

2. That the Company be and is hereby generally and unconditionally authorised in accordance with section 701 of the Act to make market purchases (within the meaning of section 693(4) of the Act) of its Ordinary Shares, provided that:

a) the maximum number of Ordinary Shares hereby authorised to be purchased shall be 25,706,634 (representing 14.99 per cent of the Company’s issued Ordinary Share capital (excluding shares held in treasury) at the date of this notice of Annual General Meeting);

b) the minimum price (exclusive of any expenses) which may be paid for an Ordinary Share is 1 penny.

c) the maximum price (excluding expenses) which may be paid for an Ordinary Share is not more than the higher of (i) 5 per cent. above the average of the mid-market values of the Ordinary Shares for the five business days before the purchase is made; and (ii) the higher of the price of the last independent trade and the highest current independent bid for the Ordinary Shares;

d) the authority hereby conferred shall expire at the conclusion of the Annual General Meeting of the Company in 2026 or, if earlier, on the expiry of 15 months from the passing of this resolution, unless such authority is renewed prior to such time; and

e) the Company may make a contract to purchase Ordinary Shares under the authority hereby conferred prior to the expiry of such authority, which will or may be executed wholly or partly after the expiration of such authority and may make a purchase of Ordinary Shares pursuant to any such contract.

1. That a general meeting of the Company other than an Annual General Meeting may be called on not less than 14 clear days’ notice, provided that this authority shall expire at the conclusion of the Company’s next Annual General Meeting after the date of the passing of this resolution.

NSM Funds (UK) Limited

Company Secretary