SCHRODER ASIAN TOTAL RETURN INV CO — Fund Information / Factsheet 2012

May 31, 2012

Henderson Asian Growth Trust plc

Fund manager Andrew Beal

www.hendersonasiangrowthtrust.com

Fund facts at 31 May 2012

Company objective

Henderson Asian Growth Trust plc seeks a high rate of total return from companies operating primarily in the Asia Pacific region excluding Japan and Australasia. The latest Annual Report sets out the investment objective and policy in full and you should read this before investing. For commentary from our fund manager please visit our website.

Trust statistics

NAV (cum income) 180.6p
NAV (ex income) 179.5p
Share price 163.5p
Discount(-)/premium(+) -9.5%
Yield 1.99%
Net Gearing 4%
Gross Gearing 4%
Total Assets £293m
Net Assets £282m
Market capitalisation £255m
Shares in issue 156,047,348
Total number of holdings 48
Total expense ratio 0.77% (year end 31/12/2011)
Source: BNP Paribas for holdings information and Morningstar for all other data
Differences in calculation may occur due to the methodology used

Customer services 0800 856 5656

Share price performance
Price (rebased) MSCI All Country Asia ex Japan

Dividend history (pence/share)
Capital Special Income Special Income

Discount/premium (%) with average line (Ex Par)

Cumulative performance (cum income) (%)

Performance over	1m	3m	6m	12m	X²
Share price (Total Return)	-4.7	-7.8	10.8	-14.3	28.9
Net Asset Value (Total Return)	-5.1	-7.5	10.2	-14.4	31.5
Benchmark (Total Return)	-4.6	-9.0	5.8	-11.9	35.6
Relative NAV Outperformance	-0.5	1.5	4.4	-2.5	-4.1
Peer Group Ranking	5/8	5/8	3/8	7/8	7/8

Peer group rankings are based on the AIC sector (excluding Asian income)
All performance, cumulative growth and annual growth data is sourced from Morningstar

Annual performance (ex-par) to 30 March

Discrete year performance % change (updated quarterly)	Price	NAV
31/03/2011 to 30/03/2012	-6.0	-8.3
31/03/2010 to 31/03/2011	10.7	11.3
31/03/2009 to 31/03/2010	72.9	74.8
31/03/2008 to 31/03/2009	-21.6	-22.5
30/03/2007 to 31/03/2008	11.5	10.3

Top 10 holdings

In	% Change
Ind & Comm Bank of China	4.0
Zhuzhou CSR Times Electric	3.4
Hyundai Motor	3.2
Baidu	3.1
China Overseas Land & Invest	3.1
Dongfeng Motor	3.0
Advanced Semiconductor Engineering	3.0
Samsung Electronics	3.0
Citic Sec	3.0
Prada	3.0

Geographic breakdown

% Change
China
South Korea
Taiwan
Hong Kong
India
Thailand
Malaysia
Indonesia
Singapore
Vietnam

% Sector breakdown

% Change
Consumer Services
Financials
Technology
Industrials
Oil & Gas

%

% Change
37.2
35.1
20.2
18.4
13.1
8.2

www.hendersonasiangrowthtrust.com

Please remember that past performance is not a guide to future performance. The value of an investment and the income from it can rise as well as fall as a result of market and currency fluctuations, and you may not get back the amount originally invested.

Henderson

GLOBAL INVESTORS

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Henderson Asian Growth Trust plc

www.hendersonasiangrowthtrust.com

Trust information

EPIC code	HAGT
AIC Sector	Asia Pacific - Excluding Japan
Benchmark	MSCI All Country Asia ex Japan
Trust type	Conventional (Ords)
Launch date	1987
Financial Year End	31 Dec
Dividend Payment	April
Risk Rating	Above average (Source: WINS investment trusts)
Management Fee	0.60%
Performance Fee	Yes

(Ges annual report & financial statements for more information)

Customer services
0800 856 5656

Glossary

NAV (Cum Income) The value of investments and cash, including current year revenue, less liabilities (prior charges such as loans, debenture stock and preference shares at fair value).

NAV (Ex Income) The value of investments and cash, excluding current year revenue, less liabilities (prior charges such as loans, debenture stock and preference shares at fair value).

Share price Closing mid-market share price at month end.

Discount/premium The amount by which the price per share of an investment trust is either lower (at a discount) or higher (at a premium) than the net asset value per share (cum income), expressed as a percentage of the net asset value per share.

Total assets Cum Income NAV multiplied by the number of shares, plus prior charges at fair value.

Net assets Total assets minus any liabilities such as bank loans or creditors.

Market capitalisation Month end closing mid-market share price multiplied by the number of shares outstanding at month end.

Share price total return The theoretical total return to the investor assuming that all dividends received were reinvested in the shares of the company at the time the shares were quoted ex-dividend. Transaction costs are not taken into account.

Net asset value total return The theoretical total return on shareholders' funds per share reflecting the change in Net Asset Value (NAV) assuming that dividends paid to shareholders were reinvested at NAV at the time the shares were quoted ex-dividend. A way of measuring investment management performance of investment trusts which is not affected by movements in discounts/premiums.

Yield Calculated by dividing the current financial year's dividends per share (this will include prospective dividends) by the current price per share, then multiplying by 100 to arrive at a percentage figure.

Total expense ratio The Total expense ratio (TER) is the Post tax expenses, excluding performance fee, interest, transaction costs and restructuring costs divided by the average net assets.

Gearing The effect of borrowing money for investment purposes. The amount a company can "gear" is the amount it can borrow in order to invest. Gearing is used in the expectation that the returns on the investments bought will exceed the costs of the borrowings that funded the purchase. Where a negative gearing figure is shown, this number represents the percentage of the portfolio held as cash.

For a full list of terminology please visit;
www.hendersoninvestmenttrusts.com

Specific risks

• Most of the investments in this portfolio are not made in Sterling, so exchange rates could affect the value and income from your investment.
• Some of the investments in this portfolio are in smaller companies shares. They may be more difficult to buy and sell and their share price may fluctuate more than that of larger companies.
• Asian focused portfolios are exposed to Emerging Markets which tend to be less stable than more established markets and can be affected by local political and economic conditions, reliability of trading systems, buying and selling practices and financial reporting standards.
• This portfolio may hold only 40-60 stocks. If one of these investments declines in value, this can reduce the portfolio's value more than if it held a larger number of investments.
• If a fund is a specialist country-specific or geographic regional fund, the investment carries greater risk than a more internationally diversified portfolio.

How to invest

Investing in a Henderson Managed Investment Trust is easy with our partners. Choose which account is right for you, apply and then simply give your trading instructions online or by phone.

• Choose from a range of accounts including Self Invested Personal Pensions (SIPPs), and Individual Savings Accounts (ISAs).
• Buy investment trust shares immediately or use a regular monthly instruction.
• Trade and hold most other investment types in a single account.

To find out more visit www.hendersoninvestmenttrusts.com/invest

Other documents available online

Annual report
Half year report
Fund manager commentary
Press coverage

Up-to-date share price and performance

www.hendersonasiangrowthtrust.com

All data in this factsheet is as at or to 31 May 2012 unless otherwise stated. Henderson Global Investors is the name under which Henderson Global Investors Limited (reg. no. 906355), Henderson Fund Management Limited (reg. no. 2607112), Henderson Investment Funds Limited (reg. no. 2678531), Henderson Investment Management Limited (reg. no. 1795354), Henderson Alternative Investment Advisor Limited (reg. no. 962757), Henderson Equity Partners Limited (reg. no. 2606646), (each incorporated and registered in England and Wales with registered office at 201 Bishopsgate, London EC2M 3AE), Gartmore Investment Limited (reg. no. 1508030), Gartmore Fund Managers Limited (reg. no. 1137353), (each incorporated and registered in England and Wales with registered 201 Bishopsgate, London EC2M 3AE) are authorised and regulated by the Financial Services Authority to provide investment products and services. We may record telephone calls for our mutual protection and to improve customer service.

Henderson

GLOBAL INVESTORS