abrdn plc ("the Company")

Update on implementation of Share Repurchase Programme announced on 5 June 2023

On 5 June 2023, abrdn plc (the "Company") entered into a non-discretionary instruction (the "Original Instruction") with J.P. Morgan Securities plc ("JPMS plc") in relation to the purchase by JPMS plc, acting as riskless principal, of up to 300,083,639 ordinary shares in the Company's share capital (the "Shares") for a maximum consideration of £150 million (the "Programme") during the period commencing on 5 June 2023 and ending no later than 5 September 2023.

On 8 August 2023, the Company agreed with JPMS plc to extend its Original Instruction in respect of the Programme such that (i) the maximum consideration is increased from £150 million to £300 million; and (ii) the engagement period is extended such that it continues up to 29 March 2024. No other terms of the Original Instruction in respect of the Programme have been amended.

Any purchase of Shares made in relation to the Programme will be executed in accordance with the UK Listing Rules and the Company's authority to make market purchases of Shares and will be carried out on the London Stock Exchange and/or Cboe Europe (through the BXE and CXE order books). The Company will announce any market repurchase of Shares by no later than 7.30 a.m. (London time) on the exchange trading day following the calendar day on which the repurchase occurred.

The purpose of the Programme is to reduce the share capital of the Company. All Shares purchased will be cancelled.

The number of Shares acquired to date under the Programme is 67,768,183 million for a total consideration of £146,882,019 million.

8 August 2023

Enquiries:

 LEI: 0TMBS544NMO7GLCE7H90