Schroder Asia Pacific Fund — AGM Information 2021

Dec 16, 2021

13 December 2021

Dear Shareholder

The Company's Annual Report and Accounts for the year ended 30 September 2021 has now been published and is available to view and download from the Company's website, www.schroders.co.uk/asiapacific. We enclose the Notice of Annual General Meeting and a form of proxy. A pre-paid envelope is also enclosed for submission of proxy form(s). Proxies may also be submitted electronically at www.sharevote.co.uk by entering the Voting ID, Task ID and Shareholder Reference ID set out in the attached proxy form. Alternatively, Ordinary Shareholders who have registered with Equiniti's Shareview service can

appoint their proxy/proxies by logging onto their account at www.shareview.co.uk and clicking on the link to vote. You can elect to receive email communications that documents, notices and other information are available on the Company's website by logging onto www.shareview.co.uk and clicking on the link to sign up for paper-free communications. Your option can be de-selected at any time by logging onto your

account on the above mentioned shareview website. Please note that shareholders may request a printed copy of a document at any time by writing to the Company Secretary at 1 London Wall Place, London EC2Y 5AU. We will send it to you free of charge within 21 days from receiving your request.

Yours faithfully

Schroder Investment Management Limited

Company Secretary

Registered in England No. 03104981.

Registered Office: 1 London Wall Place, London EC2Y 5AU. Telephone: 020 7658 3847. Fax: 020 7658 3977. An Investment Company under Section 833 of the Companies Act 2006.

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N o t i c e i s h e r e b y g i v e n t h a t t h e A n n u a l G e n e r a l M e e t i n g o f S c h r o d e r A s i a P a c i f i c F u n d p l c w i l l b e h e l d a t 1 L o n d o n Wa l l P l a c e , L o n d o n E C 2 Y 5 A U o n Tu e s d a y , 1 F e b r u a r y 2 0 2 2 a t 1 2 . 0 0 n o o n t o c o n s i d e r t h e f o l l o w i n g r e s o l u t i o n s o f w h i c h r e s o l u t i o n s 1 t o 1 0 , a n d 1 2 w i l l b e p r o p o s e d a s o r d i n a r y r e s o l u t i o n s a n d r e s o l u t i o n s 1 1 , 1 3 a n d 1 4 w i l l b e p r o p o s e d a s s p e c i a l r e s o l u t i o n s :

• 1 . To r e c e i v e t h e R e p o r t o f t h e D i r e c t o r s a n d t h e a u d i t e d a c c o u n t s f o r t h e y e a r e n d e d 3 0 S e p t e m b e r 2 0 2
• . To a p p r o v e a f i n a l d i v i d e n d o f 9 . 7 0 p e n c e p e r s h a r e f o r t h e f i n a n c i a l y e a r e n d e d 3 0 S e p t e m b e r 2 0 2 1 .
• 2 3 . To a p p r o v e t h e D i r e c t o r s ' R e m u n e r a t i o n R e p o r t f o r t h e y e a r e n d e d 3 0 S e p t e m b e r 2 0 2 1 .

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• 4 . To r e e l e c t K e i t h C r a i g a s a D i r e c t o r o f t h e C o m p a n y .
• 5 . To e l e c t J u l i a G o h a s a D i r e c t o r o f t h e C o m p a n y .
• 6 . To r e e l e c t V i v i e n G o u l d a s a D i r e c t o r o f t h e C o m p a n
• y . 7 . To r e e l e c t M a r t i n P o r t e r a s a D i r e c t o r o f t h e C o m p a n y .
• 8 . To r e e l e c t J a m e s W i l l i a m s a s a D i r e c t o r o f t h e C o m p a n y .
• 9 . To r e a p p o i n t E r n s t & Yo u n g L L P a s a u d i t o r t o t h e C o m p a n y u n t i l t h e c o n c l u s i o n o f t h e n e x t A n n u a l G e n e r a l M e e t i n g .
• 0 . To a u t h o r i s e t h e D i r e c t o r s t o d e t e r m i n e t h e r e m u n e r a t i o n o f E r n s t & Yo u n g L L P a s a u d i t o r t o t h e C o m p a n y .
• 1 1 1 . To c o n s i d e r a n d , i f t h o u g h t f i t , t o p a s s t h e f o l l o w i n g r e s o l u t i o n a s a s p e c i a l r e s o l u t i o n :

" T h a t t h e a m e n d e d A r t i c l e s a s s e t o u t i n t h e p r i n t e d d o c u m e n t p r o d u c e d t o t h e m e e t i n g ( a n d i n i t i a l l e d b y t h e C h a i r m a n o f t h e m e e t i n g f o r t h e p u r p o s e s o f i d e n t i f i c a t i o n ) b e a n d a r e h e r e b y a p p r o v e d a n d a d o p t e d a s t h e A r t i c l e s o f A s s o c i a t i o n o f t h e C o m p a n y i n s u b s t i t u t i o n f o r , a n d t o t h e e x c l u s i o n o f , a l l e x i s t i n g A r t i c l e s o f A s s o c i a t i o n . "

1 2 . To c o n s i d e r , a n d i f t h o u g h t f i t , p a s s t h e f o l l o w i n g r e s o l u t i o n a s a n o r d i n a r y r e s o l u t i o n :

" T H AT t h e D i r e c t o r s b e g e n e r a l l y a n d u n c o n d i t i o n a l l y a u t h o r i s e d p u r s u a n t t o s e c t i o n 5 5 1 o f t h e C o m p a n i e s A c t 2 0 0 6 ( t h e " A c t " ) t o e x e r c i s e a l l t h e p o w e r s o f t h e C o m p a n y t o a l l o t r e l e v a n t s e c u r i t i e s ( w i t h i n t h e m e a n i n g o f s e c t i o n 5 5 1 o f t h e A c t ) u p t o a n a g g r e g a t e n o m i n a l a m o u n t o f £ 1 , 6 4 4 , 2 0 7 ( b e i n g 1 0 % o f t h e i s s u e d o r d i n a r y s h a r e c a p i t a l a t t h e d a t e o f t h i s N o t i c e ) f o r a p e r i o d e x p i r i n g ( u n l e s s p r e v i o u s l y r e n e w e d , v a r i e d o r r e v o k e d b y t h e C o m p a n y i n g e n e r a l m e e t i n g ) a t t h e c o n c l u s i o n o f t h e n e x t A n n u a l G e n e r a l M e e t i n g o f t h e C o m p a n y , b u t t h a t t h e C o m p a n y m a y m a k e a n o ff e r o r a g r e e m e n t w h i c h w o u l d o r m i g h t r e q u i r e r e l e v a n t s e c u r i t i e s t o b e a l l o t t e d a ft e r e x p i r y o f t h i s a u t h o r i t y a n d t h e B o a r d m a y a l l o t r e l e v a n t s e c u r i t i e s i n p u r s u a n c e o f t h a t o ff e r o r a g r e e m e n t . "

3 . To c o n s i d e r a n d , i f t h o u g h t f i t , t o p a s s t h e f o l l o w i n g r e s o l u t i o n a s a s p e c i a l r e s o l u t i o n :

" T h a t , s u b j e c t t o t h e p a s s i n g o f r e s o l u t i o n 1 2 s e t o u t a b o v e , t h e D i r e c t o r s b e a n d a r e h e r e b y e m p o w e r e d , p u r s u a n t t o S e c t i o n 5 7 1 o f t h e A c t , t o a l l o t e q u i t y s e c u r i t i e s ( i n c l u d i n g a n y s h a r e s h e l d i n t r e a s u r y ) ( a s d e f i n e d i n s e c t i o n 5 6 0 ( 1 ) o f t h e A c t ) p u r s u a n t t o t h e a u t h o r i t y g i v e n i n a c c o r d a n c e w i t h s e c t i o n 5 5 1 o f t h e A c t b y t h e s a i d r e s o l u t i o n 1 2 a n d / o r w h e r e s u c h a l l o t m e n t c o n s t i t u t e s a n a l l o t m e n t o f e q u i t y s e c u r i t i e s b y v i r t u e o f s e c t i o n 5 6 0 ( 2 ) o f t h e A c t a s i f S e c t i o n 5 6 1 ( 1 ) o f t h e A c t d i d n o t a p p l y t o a n y s u c h a l l o t m e n t , p r o v i d e d t h a t t h i s p o w e r s h a l l b e l i m i t e d t o t h e a l l o t m e n t o f e q u i t y s e c u r i t i e s u p t o a n a g g r e g a t e n o m i n a l a m o u n t o f £ 1 , 6 4 4 , 2 0 7 ( r e p r e s e n t i n g 1 0 % o f t h e a g g r e g a t e n o m i n a l a m o u n t o f t h e s h a r e c a p i t a l i n i s s u e a t e d a t e o f t h i s N o t i c e ) ; a n d p r o v i d e d t h a t t h i s p o w e r s h a l l e x p i r e a t t h e c o n c l u s i o n o f t h e n e x t A n n u a l G e n e r a l M e e t i n g o f t h e o m p a n y b u t s o t h a t t h i s p o w e r s h a l l e n a b l e t h e C o m p a n y t o m a k e o ff e r s o r a g r e e m e n t s b e f o r e s u c h e x p i r y w h i c h w o u l d o r g h t r e q u i r e e q u i t y s e c u r i t i e s t o b e a l l o t t e d a ft e r s u c h e x p i r y . "

c o n s i d e r a n d , i f t h o u g h t f i t , t o p a s s t h e f o l l o w i n g r e s o l u t i o n a s a s p e c i a l r e s o l u t i o n :

H AT t h e C o m p a n y b e a n d i s h e r e b y g e n e r a l l y a n d u n c o n d i t i o n a l l y a u t h o r i s e d i n a c c o r d a n c e w i t h S e c t i o n 7 0 1 o f t h e A c t t o m a k e m a r k e t p u r c h a s e s ( w i t h i n t h e m e a n i n g o f S e c t i o n 6 9 3 o f t h e A c t ) o f o r d i n a r y s h a r e s o f 1 0 p e a c h i n t h e c a p i t a l o f t h e C o m p a n y ( " S h a r e s " ) a t w h a t e v e r d i s c o u n t t h e p r e v a i l i n g m a r k e t p r i c e r e p r e s e n t s t o t h e p r e v a i l i n g n e t a s s e t v a l u e p e r S h a r e p r o v i d e d t h a t :

• ( a ) t h e m a x i m u m n u m b e r o f S h a r e s w h i c h m a y b e p u r c h a s e d i s 2 4 , 6 4 6 , 6 6 5 , r e p r e s e n t i n g 1 4 . 9 9 % o f t h e C o m p a n y ' s i s s u e d o r d i n a r y s h a r e c a p i t a l a s a t t h e d a t e o f t h i s N o t i c e ;
• b ) t h e m a x i m u m p r i c e ( e x c l u s i v e o f e x p e n s e s ) w h i c h m a y b e p a i d f o r a S h a r e s h a l l n o t e x c e e d t h e h i g h e r o f ;
• 1 0 5 % o f t h e a v e r a g e o f t h e m i d d l e m a r k e t q u o t a t i o n s f o r t h e S h a r e s a s t a k e n f r o m t h e L o n d o n S t o c k E x c h a n g e D a i l y O ff i c i a l L i s t f o r t h e f i v e b u s i n e s s d a y s p r e c e d i n g t h e d a t e o f p u r c h a s e ; a n d
• t h e h i g h e r o f t h e l a s t i n d e p e n d e n t b i d a n d t h e h i g h e s t c u r r e n t i n d e p e n d e n t b i d o n t h e L o n d o n S t o c k E x c h a n g e ;
• i i ) t h e m i n i m u m p r i c e ( e x c l u s i v e o f e x p e n s e s ) w h i c h m a y b e p a i d f o r a S h a r e s h a l l b e 1 0 p , b e i n g t h e n o m i n a l v a l u e p e r S h a r e ;
• d ) t h i s a u t h o r i t y h e r e b y c o n f e r r e d s h a l l e x p i r e a t t h e c o n c l u s i o n o f t h e n e x t A n n u a l G e n e r a l M e e t i n g o f t h e C o m p a n y i n 2 0 2 3 ( u n l e s s p r e v i o u s l y r e n e w e d , v a r i e d o r r e v o k e d b y t h e C o m p a n y p r i o r t o s u c h d a t e ) ;
• ( e ) t h e C o m p a n y m a y m a k e a c o n t r a c t t o p u r c h a s e S h a r e s u n d e r t h e a u t h o r i t y h e r e b y c o n f e r r e d w h i c h w i l l o r m a y b e e x e c u t e d w h o l l y o r p a r t l y a ft e r t h e e x p i r a t i o n o f s u c h a u t h o r i t y a n d m a y m a k e a p u r c h a s e o f S h a r e s p u r s u a n t t o a n y s u c h c o n t r a c t ; a n d
• ( f) a n y S h a r e s s o p u r c h a s e d w i l l b e c a n c e l l e d o r h e l d i n t r e a s u r y f o r p o t e n t i a l r e i s s u e . "

B y o r d e r o f t h e b o a r d F o r a n d o n b e h a l f o f S c h r o d e r I n v e s t m e n t M a n a g e m e n t L i m i t e d R e g i s t e r e d N u m b e r : 0 3 1 0 4 9 8 1 8 D e c e m b e r 2 0 2 1

R e g i s t e r e d O ff i c e : 1 L o n d o n Wa l l P l a c e , L o n d o n E C 2 Y 5 A U

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Explanatory notes

• 1. Ordinary shareholders are entitled to attend and vote at the meeting and to appoint one or more proxies, who need not be a shareholder, as their proxy to exercise all or any of their rights to attend, speak and vote on their behalf at the meeting.
• A proxy form is attached. If you wish to appoint a person other than the Chairman as your proxy, please insert the name of your chosen proxy holder in the space provided at the top of the form. If the proxy is being appointed in relation to less than your full voting entitlement, please enter in the box next to the proxy holder's name the number of shares in relation to which they are authorised to act as your proxy. If left blank your proxy will be deemed to be authorised in respect of your full voting entitlement (or if this proxy form has been issued in respect of a designated account for a shareholder, the full voting entitlement for that designated account). Additional proxy forms can be obtained by contacting the Company's Registrars, Equiniti Limited, on 0800 032 0641 or +44(0) 121 415 0207 for overseas callers, or you may photocopy the attached proxy form. Please indicate in the box next to the proxy holder's name the number of shares in relation to which they are authorised to act as your proxy. Please also indicate by ticking the box provided if the proxy instruction is one of multiple instructions being given. Completion and return of a form of proxy will not preclude a member from attending the Annual General Meeting and voting in person. On a vote by show of hands, every ordinary shareholder who is present in person has one vote and every duly appointed proxy who is present has one vote. On a poll vote, every ordinary shareholder who is present in person or by way of a proxy has one vote for every share of which he/she is a holder.

The "Vote Withheld" option on the proxy form is provided to enable you to abstain on any particular resolution. However it should be noted that a "Vote Withheld" is not a vote in law and will not be counted in the calculation of the proportion of the votes "For" and "Against" a resolution.

A proxy form must be signed and dated by the shareholder or his or her attorney duly authorised in writing. In the case of joint holdings, any one holder may sign this form. The vote of the senior joint holder who tenders a vote, whether in person or by proxy, will be accepted to the exclusion of the votes of the other joint holder and for this purpose seniority will be determined by the order in which the names appear on the Register of Members in respect of the joint holding. To be valid, proxy form(s) must be completed and returned to the Company's Registrars, Equiniti Limited, Aspect House, Spencer Road, Lancing, West Sussex BN99 6DA, in the enclosed envelope together with any power of attorney or other authority under which it is signed or a copy of such authority certified notarially, to arrive no later than 48 hours before the time fixed for the meeting, or an adjourned meeting. Shareholders may also appoint a proxy to vote on the resolutions being put to the meeting electronically at www.sharevote.co.uk. Shareholders who are not registered to vote electronically, will need to enter the Voting ID and Shareholder Reference ID set out in their personalised proxy form. Alternatively, shareholders who have already registered with Equiniti's Shareview service can appoint a proxy by logging onto their portfolio at www.shareview.co.uk and clicking on the link to vote. The on-screen instructions give details on how to complete the appointment process. Please note that to be valid, your proxy instructions must be received by Equiniti no later than 12.00 noon on 28 January 2022. If you have any difficulties with online voting, you should contact the shareholder helpline on 0800 032 0641 (or +44(0) 121 415 0207 for overseas callers).

If an ordinary shareholder submits more than one valid proxy appointment, the appointment received last before the latest time for receipt of proxies will take precedence.

Shareholders may not use any electronic address provided either in this Notice of Annual General Meeting or any related documents to communicate with the Company for any purposes other than expressly stated.

Representatives of shareholders that are corporations will have to produce evidence of their proper appointment when attending the Annual General Meeting.

1. Any person to whom this notice is sent who is a person nominated under section 146 of the Companies Act 2006 to enjoy information rights (a "Nominated Person") may, under an agreement between him or her and the shareholder by whom he or she was nominated, have a right to be appointed (or to have someone else appointed) as a proxy for the Annual General Meeting. If a Nominated Person has no such proxy appointment right or does not wish to exercise it, he or she may, under any such agreement, have a right to give instructions to the shareholder as to the exercise of voting rights.

The statement of the rights of ordinary shareholders in relation to the appointment of proxies in note 1 above does not apply to Nominated Persons. The rights described in that note can only be exercised by ordinary shareholders of the Company.

• 1. Pursuant to Regulation 41 of the Uncertificated Securities Regulations 2001, the Company has specified that only those shareholders registered in the Register of members of the Company at 6.30 p.m. on 28 January 2022, or 6.30 p.m. two days prior to the date of an adjourned meeting, shall be entitled to attend and vote at the meeting in respect of the number of shares registered in their name at that time. Changes to the Register of Members after 6.30 p.m. on 28 January 2022 shall be disregarded in determining the right of any person to attend and vote at the meeting.
• 1. CREST members who wish to appoint a proxy or proxies through the CREST electronic proxy appointment service may do so by using the procedures described in the CREST manual. The CREST manual can be viewed at www.euroclear.com. A CREST message appointing a proxy (a "CREST proxy instruction") regardless of whether it constitutes the appointment of a proxy or an amendment to the instruction previously given to a previously appointed proxy must, in order to be valid, be transmitted so as to be received by the issuer's agent (ID RA19) by the latest time for receipt of proxy appointments.
• 1. Copies of the articles of association, terms of appointment of the non-executive Directors and a statement of all transactions of each Director and of his family interests in the shares of the Company, will be available for inspection by any member of the Company at the registered office of the Company during normal business hours on any weekday (English public holidays excepted) and at the Annual General Meeting by any attendee, for at least 15 minutes prior to, and during, the Annual General Meeting. None of the Directors has a contract of service with the Company.
• 1. The biographies of the Directors offering themselves for re-election are set out on pages 21 and 22 of the Company's annual report and accounts for the year ended 30 September 2021.
• 1. As at 7 December 2021, 164,420,716 ordinary shares of 10 pence each were in issue (no shares were held in treasury). Therefore the total number of voting rights of the Company as at 7 December 2021 was 164,420,716.
• 1. A copy of this Notice of Meeting, which includes details of shareholder voting rights, together with any other information as required under Section 311A of the Companies Act 2006, is available from the webpages dedicated to the Company: www.schroders.co.uk/asiapacific.
• 1. Pursuant to Section 319A of the Companies Act 2006, the Company must cause to be answered at the Annual General Meeting any question relating to the business being dealt with at the AGM which is put by a member attending the meeting, except in certain circumstances, including if it is undesirable in the interests of the Company or the good order of the meeting that the question be answered or if to do so would involve the disclosure of confidential information.
• 1. Members satisfying the thresholds in section 527 of the Companies Act 2006 can require the Company to publish a statement on its website setting out any matter relating to:
• (a) the audit of the Company's Accounts (including the auditor's report and the conduct of the audit) that are to be laid before the Meeting; or
• (b) any circumstance connected with an auditor of the Company ceasing to hold office since the last AGM, that the members propose to raise at the Meeting. The Company cannot require the members requesting the publication to pay its expenses. Any statement placed on the website must also be sent to the Company's auditors no later than the time it makes its statement available on the website. The business which may be dealt with at the meeting includes any statement that the Company has been required to publish on its website.
• 1. The Company's privacy policy is available on its webpages: www.schroders.co.uk/asiapacific. Shareholders can contact Equiniti for details of how Equiniti processes their personal information as part of the AGM.

Schroder AsiaPacific Fund plc

Form of proxy + +

Voting ID Task ID Shareholder Reference ID

You may submit your proxy electronically at www.sharevote.co.uk using the above numbers.

I/We, being an ordinary shareholder(s) of Schroder AsiaPacific Fund plc, hereby appoint the Chairman of the meeting OR the following person:

(Please leave this box blank if you have selected the Chairman. Do not insert your own name(s))

as my/our proxy to exercise all or any of my/our rights to attend, speak and vote in respect of my/our voting entitlement* on my/our behalf at the Annual General Meeting of Schroder AsiaPacific Fund plc to be held at 1 London Wall Place, London EC2Y 5AU on Tuesday, 1 February 2022 at 12.00 noon and at any adjournment thereof.

Vote

*For the appointment of more than one proxy, please refer to note 1 opposite and tick here.

				Withheld
		For	Against	(see note 1 opposite)
	1 Annual Report and Accounts
	2 Final Dividend
	3 Remuneration Report
	4 Re-election of Mr Keith Craig
	5 Election of Ms Julia Goh
	6 Re-election of Ms Vivien Gould
	7 Re-election of Mr Martin Porter
	8 Re-election of Mr James Williams
	9 Re-appointment of Ernst & Young LLP as Auditor
	10 Authority to determine the Auditor's Remuneration
	11 Amendment of the Articles†
	12 Authority to allot shares
	13 Disapplication of pre-emption rights†
	14 Authority to purchase own shares†
The profiles of the Directors proposed for re-election are set out on pages 21 and 22 of the Annual Report and Accounts for the year

ended 30 September 2021. †Special resolution

+

I/We would like my/our proxy to vote on the resolutions proposed at the Meeting as indicated on this form. Unless otherwise instructed the proxy may vote as he or she sees fit or abstain in relation to any business of the meeting or adjourned meeting.

In the case of a corporation, this proxy must be given under its common seal or be on its behalf by an attorney or duly authorised officer, stating their capability. (e.g. director, secretary)

+

Date

Please complete this form and return it to Equiniti in the envelope provided, to arrive not later than 48 hours in advance of the time set for the Meeting.

s Explanatory notes on the completion of this form of proxy are set out in the notes opposite. terling 175467-V1