4 February 2022

Aberdeen Standard Asia Focus PLC

LEI: 5493000FBZP1J92OQY70

Completion of Share Split

The Board of Aberdeen Standard Asia Focus plc announces the completion of the previously announced sub-division of each Existing Ordinary Shares of 25 pence each into 5 New Ordinary Shares of 5p each, which was approved by shareholders at the Annual General Meeting held on Thursday 27 January 2022.

In accordance with the Financial Conduct Authority's ("FCA") Disclosure Guidance and Transparency Rule 5.6, the Company advises that, following the completion of the Share Split, as at Friday 4 February 2022, the Company's capital now consists of 208,697,685 ordinary shares of 5 pence each, of which 51,744,590 are held in treasury. Total voting rights attached to ordinary shares are therefore 156,953,095.

Shareholders will receive 5 New Ordinary Shares in exchange for each existing Ordinary Share held as at the close of business on Thursday 3 February 2022. The Existing Ordinary Shares will be disabled in CREST at the close of business on Thursday 3 February 2022 and the New Ordinary Shares will be credited to CREST accounts on Friday 4 February 2022.

From Friday 4 February 2022, the New Ordinary Shares will retain the ticker of the Existing Ordinary Shares (being AAS) but will have a new ISIN and SEDOL as follows:

New ISIN:          GB00BMF19B58

New SEDOL:     BMF19B5

The New Ordinary Shares will rank pari passu with each other and will carry the same rights and be subject to the same restrictions as the Existing Ordinary Shares, including the same rights to participate in dividends paid by the Company.

New Share Certificates in respect of the New Ordinary Shares will be issued to those Shareholders who hold their Existing Ordinary Shares in certificated form and are expected to be dispatched not later than 18 February 2022.

Under the Trust Deed, the conversion price of the CULS will be automatically and pro rata adjusted.

For further information

abrdn

William Hemmings         +44 (0)20 7463 6223

Stephanie Hocking        +44 (0)20 7463 6403

Panmure Gordon

Sapna Shah                  +44 (0)20 7886 2783

Alex Collins                   +44 (0)20 7886 2767

Brunswick

Nick Cosgrove              +44 (0)207 404 5959

Robin Wrench               +44 (0)207 404 5959