ASHOKA INDIA EQUITY INVESTMENT TRUST PLC (the "Company")

LEGAL ENTITY IDENTIFIER ('LEI'): 213800KX5ZS1NGAR2J89

Redemption Price

The Company announced on 3 September 2021 that valid redemption requests in respect of  5,386,826 Ordinary Shares were received for the 30 September 2021 Redemption Point.

The process for the redemption of Ordinary Shares, including the calculation of Redemption Price, is set out in the Share Issuance Programme prospectus issued in June 2018.

Of the redemption requests in respect of 5,386,826 Ordinary Shares, 4,405,568 Ordinary Shares have been matched with buyers and the balance of 981,258 Ordinary Shares will be redeemed by the Company. All shareholders who validly applied to have shares redeemed will receive a Redemption Price of 187.98 pence per share. It is expected that despatch of payments in respect of the valid redemption requests will be made on or around 14 October 2021.

Enquiries:
Company Secretary                   020 4513 9260
PraxisIFM Fund Services (UK) Limited